Description
Two letters (ALS) from Civil War financier Jay Cooke (1821-1905), dated 1875 and 1884 or 1886, the latter declining an invitation
to write about the financial aspects of the war, saying he feels it still is premature. During the Civil War, Jay Cooke &
Co. of Philadelphia developed the idea of selling government bonds, which capitalized on feelings of patriotism at the time
and which were a major source for financing the war. Cooke later was heavily involved in financing (unsuccessfully) the Northern
Pacific Railroad, which led to the Panic of 1873, but later recovered much of his financial loss through investment in Utah
mining interests.
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