1816... WOW!

[Rebel - KGC]

From "1816, year without Summer": started getting COLDER in Spring; FREEZING snow in June; July was not better... crops ruined. FROST in August! Talks of FAMINE! Northern states had it BRUTAL! 1816 was known as POVERTY YEAR; last line of a poem... "It was in 1816, that Summer never came". 1817, TJB & Associates left for St. Louis, MO & the WEST! Was the POOR weather, "famine"... the REAL reason for "the Expedition"...? 1819, "The Return"... YET! FIRST Great DEPRESSION in Lynchburg, Va. WTH...? !!!

 

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[ECS]

...and probably why Capt George Hancock Kennerly and his brother James started their mercantile /outfitters store in St Louis, 1817.

 

[ECS]

There are many connections to James Beverly Risque's extended family bloodline to the Beale story-Robert Morriss's wife, Sarah, was related, making Morriss the uncle of James Beverly Ward who held the copyright on THE BEALE PAPERS.
Julia Hancock, the claimed cause of the duel between Beale and Risqué, was also the niece of the Kennerlys, and married William Clark, of the Lewis & Clark Expedition.

 

[Rebel - KGC]

There are many connections to James Beverly Risque's extended family bloodline to the Beale story-Robert Morriss's wife, Sarah, was related, making Morriss the uncle of James Beverly Ward who held the copyright on THE BEALE PAPERS.
Julia Hancock, the claimed cause of the duel between Beale and Risqué, was also the niece of the Kennerlys, and married William Clark, of the Lewis & Clark Expedition.

HA! Even JB Risque's wife had HANCOCK "blood"... ALL in "THE FAMILY"!

 

[Rebel - KGC]

From "1816, year without Summer": started getting COLDER in Spring; FREEZING snow in June; July was not better... crops ruined. FROST in August! Talks of FAMINE! Northern states had it BRUTAL! 1816 was known as POVERTY YEAR; last line of a poem... "It was in 1816, that Summer never came". 1817, TJB & Associates left for St. Louis, MO & the WEST! Was the POOR weather, "famine"... the REAL reason for "the Expedition"...? 1819, "The Return"... YET! FIRST Great DEPRESSION in Lynchburg, Va. WTH...? !!!

THANKS, "rc" for sharing info about Year w/o Summer on another Forum; putting together REAL Lynchburg, Va. HISTORY very nicely!

 

[releventchair]

The year without a summer affected climate for three years. Napoleon returned to France uncontested to find a near starving populace who would pay no more taxes to raise a return of power(despite his claim he only sought to be an upstanding citizen) for want of bread. Had they been well fed results may have been very different. The shortage of food had multiple countries cease exports of it and riots were widespread.
Bad timing for the U.S. in it's quarrel over banking and it's national debt was just getting secured where two years earlier(1814) even the interest was not being paid on it.

With the expiration of the Bank, the U.S. was financially unprepared for the War of 1812, and Gallatin had to resort to taxes and loans from state banks to finance it. During the summer of 1814, many state banks suspended specie payments—federal currency backed by precious metals—and began issuing their own credit notes. By the end of that year, the Federal Government could not pay interest on its national debt. Alexander Dallas, a resident of Philadelphia, was chosen as the new Treasury Secretary. President Madison’s choice of Dallas was seen by many as indicating renewed support for a national bank. Dallas managed to bring the government budget back into surplus and restore the specie system, as well as champion a national bank.

The bank bill of 1814 was debated in Congress for almost two years, drawing opposition from Federalists and constructionist Republicans, but was ratified by President Madison—an opponent of the First Bank of the United States—on April 10, 1816. The primary shareholder was the U.S. Government and the second largest was Stephen Girard, the wealthy Philadelphia banker whose involvement would lead to the founding of Girard College.

PhilaPlace - Second Bank of the U.S.: The Bank Wars and the Struggle for Financial Stability ? The Second Bank of the United States



Worse status of credit in 25 years during 1814. Lots of paper.

https://books.google.com/books?id=_... no summer u.s.government budget 1816&f=false

Jackson disagreed with a specie of paper. Precious metals lacking though.

Second Bank of the United States (1816-1836) < A Brief History of Central Banking in the United States - Edward Flaherty < General < Essays < American History From Revolution To Reconstruction and beyond

 

[Rebel - KGC]

The year without a summer affected climate for three years. Napoleon returned to France uncontested to find a near starving populace who would pay no more taxes to raise a return of power(despite his claim he only sought to be an upstanding citizen) for want of bread. Had they been well fed results may have been very different. The shortage of food had multiple countries cease exports of it and riots were widespread.
Bad timing for the U.S. in it's quarrel over banking and it's national debt was just getting secured where two years earlier(1814) even the interest was not being paid on it.

With the expiration of the Bank, the U.S. was financially unprepared for the War of 1812, and Gallatin had to resort to taxes and loans from state banks to finance it. During the summer of 1814, many state banks suspended specie payments—federal currency backed by precious metals—and began issuing their own credit notes. By the end of that year, the Federal Government could not pay interest on its national debt. Alexander Dallas, a resident of Philadelphia, was chosen as the new Treasury Secretary. President Madison’s choice of Dallas was seen by many as indicating renewed support for a national bank. Dallas managed to bring the government budget back into surplus and restore the specie system, as well as champion a national bank.

The bank bill of 1814 was debated in Congress for almost two years, drawing opposition from Federalists and constructionist Republicans, but was ratified by President Madison—an opponent of the First Bank of the United States—on April 10, 1816. The primary shareholder was the U.S. Government and the second largest was Stephen Girard, the wealthy Philadelphia banker whose involvement would lead to the founding of Girard College.

PhilaPlace - Second Bank of the U.S.: The Bank Wars and the Struggle for Financial Stability ? The Second Bank of the United States

THANKS, "rc"... ALL of which lead to the GREAT DEPRESSION in Lynchburg, Va. in 1819!

 

[releventchair]

Thank you Reb.
Hard times then all of a sudden. A lot of financial hurt went on that lasted a long time.

 

[ECS]

...

The bank bill of 1814 was debated in Congress for almost two years, drawing opposition from Federalists and constructionist Republicans, but was ratified by President Madison—an opponent of the First Bank of the United States—on April 10, 1816. The primary shareholder was the U.S. Government and the second largest was Stephen Girard, the wealthy Philadelphia banker whose involvement would lead to the founding of Girard College...




Worse status of credit in 25 years during 1814. Lots of paper...

Stephen Girard was involved in the opium trade with China, trading Appalachian ginseng for the Chinese opium, employing Patterson's Canton Company of Baltimore(daughter married a Bonaparte) and one of Canton's sea captains was "Mexico" Sherman, related to the John Sherman who printed THE BEALE PAPERS. Girard provided loans to the US to fight the War of 1812, which provided many influential political connections.
During the famine years of 1816, Girard's Appalachian ginseng connection in Virginia acquired wealth, while others didn't.