The History of Louisville, from the Earliest Settlement till the Year 1852Casseday, Ben
History
The History of Louisville, from the Earliest Settlement till the Year 1852
Casseday, Ben
Louisville (Ky.) -- Description and travel; Louisville (Ky.) -- History
A writer in the Focus, for January 20, 1829, gives an idea of the commerce
of Louisville in regard to certain leading articles at this period. He
says that "from 1st of January, 1828, to 1st of January, 1829, there were
received and sold in this place 4144 hogsheads of sugar and 8607 bags and
barrels of coffee, amounting in value to $584,681. He also fixes the
inspections of tobacco in Louisville at 2050 hhds. for 1826, 4354 hhds.
for 1827, and 4075 hhds. for 1828. The average price of these was, for
1826, $2 67, for 1827, $2 59, and for 1828, $1 98-1/3. The whole value of
these for the three years was $468,672 88. 1140 of these were shipped to
Pittsburg, 3048 to New Orleans, 320 manufactured here and 458 were
stemmed. In this article sugars are quoted at $7 04 to $7 02, by the
barrel, gunpowder tea at $1 20 to $1 25; and it also states that groceries
of all kinds can be had here at as cheap rates as they can be procured
either in New York or New Orleans. A writer in the Kentucky Reporter also
adds to this information the following statement: The store rooms of the
principal wholesale merchants are larger and better adapted to business
purposes than any to be found in the commercial cities of the East. Not a
few of them are from 100 to 130 feet in depth, by 30 feet wide, and from
three to four stories high, and furnished with fire proof vaults for the
preservation of books and papers in case of fire. The wholesale business
has increased very rapidly of late, perhaps doubled in the course of two
years. There has also been a proportionate increase in the shipping and
forwarding business. Mechanics of all sorts have full employment and good
wages."
An excellent criterion to judge of the commerce of a place and to show the
increase of its business, is its exchange operations. The following
statement of Domestic Bills of Exchange, derived from the official
documents of the bank of the U. S., being the amount on hand and unpaid on
the 1st January of each year, will give some idea of the amount and
increase of the business of Louisville:
Jan. 1, 1826--Bills of Exchange on hand $46,392
" 1827, " " " 108,287
" 1828, " " " 184,144
" 1829, " " " 350,354
The aggregate of business, as ascertained by a personal application and
inspection of the books of the principal houses, was ascertained to be
about $13,000,000.
Public-domain text, read in full here on John Shaqi.
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