Rare Books
Remains of the late Rev. Henry Francis Lyte
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Sir Francis Henry Evans letter to Isaac Sherman
Manuscripts
This letter concerns the American presidential election of 1876 and the implications for the United States in the international bond market of Samuel J. Tilden's presumed victory in that election. Evans writes, "I trust Mr. Tilden will feel advisability of still further reducing the interest on the govt loans there is no reason why more than 4% should be paid - if the proper means were taken to please the public and meet this requirement." Although Democratic Party candidate Tilden eventually lost the Electoral College vote to his Republican opponent, Rutherford B. Hayes, that decision had not yet been made at the time of this letter. Also referenced is the Pittsburgh, Fort Wayne and Chicago Railway: "...high dividends in time of bad trade are generally ominous and the P + R seem fairly to have rushed to destruction."
mssHM 80838