Archives International Auctions Sale 67 May 26, 2021 U.S., Chinese & Worldwide Banknotes, Scripophily, Coins, Historic Financial Ephemera and Security Printing Ephemera

Archives International Auctions - Sale 67 101 May 26, 2021 Archives International Auctions www.archivesinternational.com Ephemera - Banking and Financial New York 629 629 Monthly Financial Circular of Henry Clews & Co., 1883 Edition New York, 1883. 4 page periodical, dated March 17th, 1883, fromHenry Clews & Co., Bankers and Commission Merchants. Black text on off-white paper. Discusses the investment market, the adjournment of Congress, the Public Debt, and other financial topics. Fine condition with fold lines, some slight splitting along center margin, and an off- center margin at top on back page. Henry Clews (August 14, 1834 – January 31, 1923) was a British-American financier and author. He organized the firm of Stout, Clews & Mason and eventually brought his brother James Clews over from England to help him manage a branch of the brokerage firm. In 1859, he co-founded Livermore, Clews, and Company, what was then the second largest marketer of federal bonds during the United States Civil War. In 1877, he split away and started Henry Clews & Company, a member of the New York Stock Exchange, which made him enormously wealthy. In politics, Clews was a Republican and organized the “Committee of 70,” which deposed the corrupt ring associated with WilliamM. Tweed in New York City. He was a friend of President Abraham Lincoln and served as an economic consultant to President Ulysses Grant. Towards the end of his life he wrote one of the most famous classics about life on Wall Street entitled “Fifty Years in Wall Street”. ��������������������������������������������������� Est. $35-55 630 630 Norwich Gas and Electric Co. 1901 Specimen Bond Offering New York, 1901. $1000 Specimen 5% First Mortgage Gold Bond offering piece from the Office of Lawrence Barnum & Co., Bankers, Green text, with bond back on front page, informative text inside, with details such as financial statements, statement of earnings, and interest rates. Fine-VF condition, ABNC. Unusual piece. ���������������������������������� Est. $35-60 Pennsylvania 631 631 Philadelphia Stock Exchange Sale and Quotations for 1867. Philadelphia, Pennsylvania. Half sheet of paper, possible from a newspaper, of stocks traded on the date of May 6, 1867. Includes quotations for Banks, Canals, Railroads and location of shares and bonds to buy. Fine condition with some minor tears and toning along the edge. ( John E.Herzog Collection). ����������������������������������������������������������� Est. $50-100 Rhode Island 632 632 Memorial - To the General Assembly of the State of Rhode Island, 1839 Broadside Related to the Aftermath of the Panic of 1837 Cumberland, Rhode Island, 1839. Typeset, 16 x 8.5 inch document issued to the Hon. General Assembly of the State of Rhode Island, from Fenner Brown, Aaron White, Jr., and 4 other Freeman of the town of Cumberland. This piece protests against the recent recommendation that Rhode Island banks suspend payment of debts, and instead petitions the legislature to pass a law requiring banks to honor the paper currency they have issued. It also calls to “abolish the whole system of banks at once.” Fenner Brown went on to represent Cumberland in the general assembly for many years, while Aaron White was a close political ally of Thomas Dorr, and one of the leaders of Dorr’s Rebellion. Piece of history directly related to the aftermath of the Panic of 1837, which was a financial crisis in the United States that touched off a major depression, which lasted until the mid-1840s. Profits, prices, and wages went down; unemployment went up; and pessimism abounded. On May 10, 1837, banks in New York City suspended specie payments and so would no longer redeem commercial paper in specie at full face value. Despite a brief recovery in 1838, the recession persisted for approximately seven years. Banks collapsed, businesses failed, prices declined, and thousands of workers lost their jobs. From 1837 to 1844, general deflation in wages and prices occurred, which likely led to this public call for banking reform. Very Fine condition with some toning. ��������������������������������������������������������������������������������������������������������������������������������� Est. $200-400