Читать книгу Memory's Storehouse Unlocked, True Stories. Pioneer Days In Wetmore and Northeast Kansas онлайн

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That money panic was brought on by the collapse of the Jay Cooke brokerage houses in three eastern cities. Cooke, a nationally known promoter, was financing the building of the Northern Pacific railroad, and had made too many advances.

It may be of interest here, especially in Nemaha and Jackson counties and possibly throughout all Northeast Kansas, to know that, later, through an unprotected brokerage partnership in the National Capitol with that wizard of finance, a former resident of Wetmore township, Green Campbell, who had come into local and national prominence by reason of his sensational rise to affluence as principal owner of the famous Horn Silver mine at Frisco, Utah, dropped a cool million of his mine-made dollars in the aftermath of that failure.

After he had failed, Jay Cooke, still the promoter par-excellence, secured a railroad for Green Campbell’s mine. Later, after he had sold his mine, Campbell went to Washington as delegate to Congress from Utah. Still later Campbell joined Cooke there in the brokerage business. With new money in the firm, Cooke’s old creditors swooped down upon Campbell like a swarm of bees. And they stung him hard. His first check was drawn for nine hundred thousand dollars! However, there was no time after selling the Horn Silver mine that Green Campbell was not a rich man. Green Campbell endowed a college at Holton, Kansas, bearing his name. His old homestead was in the southwest part of Wetmore township. It is now owned and occupied by August Krotzinger.