. Jay Cooke : financier of the Civil War . S^> FINANCIER OF THE CIVIL WAR 585 this was a peoples loan, care being used prominently toadvertise the great number of subscribers to $50 and$100 bonds. Some of the New York sub-agents suchas Wilmerding, Cornwell and Heckscher had earlytaken steps to establish night offices in that city, ex-tending the service to Newark, Rahway and NewBrunswick. Now under Mr. Youngs direction thesystem was developed. The principal sub-agents inNew York were visited and were asked to contributea number of clerks for the extra service. They did notvery generally or
. Jay Cooke : financier of the Civil War . S^> FINANCIER OF THE CIVIL WAR 585 this was a peoples loan, care being used prominently toadvertise the great number of subscribers to $50 and$100 bonds. Some of the New York sub-agents suchas Wilmerding, Cornwell and Heckscher had earlytaken steps to establish night offices in that city, ex-tending the service to Newark, Rahway and NewBrunswick. Now under Mr. Youngs direction thesystem was developed. The principal sub-agents inNew York were visited and were asked to contributea number of clerks for the extra service. They did notvery generally or cheerfully respond. The apathy ofthe bankers and the general disbelief in the success ofyour plans, wrote John Russell Young in reviewing theexperience in a letter to Mr. Cooke, made the organiza-tion of the machinery very difficult. But on June 4th thefirst agency was opened and in ten days our list of agentsnumbered seventeen. These night agencies, severalof which were located in the suburbs of the city, weregratuit
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Keywords: ., bookcentury1900, bookdecade1900, booksubjectcapitalistsandfinanc
