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
newspapers were in this year added to the growing list of the city. The
first of these was the Louisville City Gazette, a daily, published by John
J. & Jas. B. Marshall; and the second, the Western Messenger, a monthly,
under the care of the Rev. J. F. Clark. This last was originally published
in Cincinnati, but was this year transferred to Louisville.
As will be remembered a motion had been made several years before this
time toward the erection of a bridge over the Ohio. This project had been
discussed from time to time ever since that period, and finally in this
year, the contracts were entered into and the corner stone of the bridge
was laid with all due ceremony, at the foot of Twelfth Street. The work
however never progressed beyond this, the contractor having failed to
perform his duty, beside which the next year brought with it by far the
most terrible calamity that had ever affected the city. The last few years
had been years of such unexampled prosperity; confidence had become so
thoroughly established, credit was so plenty, and luxury so courted, that,
when the unexpected reverse came, the blow was indeed terrible. On the
19th of April, the Banks of Louisville and of Kentucky suspended specie
payment, by a resolution of the citizens so authorizing them. Previous to
this, the Banks all over the country had stopped; another awful commercial
crisis had arrived, and one which Louisville felt far more severely than
she had felt the former. Instead of passing lightly over her, as before,
the full force of the blow was felt throughout the whole community. House
after house, which had easily rode out the former storm, now sunk beneath
the waves of adversity, until it seemed as if none would be left to tell
the sad story. A settled gloom hung over the whole mercantile community.
Main Street was like an avenue in some deserted city. Whole rows of houses
were tenantless, and expectation was upon the tiptoe every day to see who
would be the next to close. Each feared the other; all confidence was
gone; mercantile transactions were at an end; and everything, before so
radiant with the spring-time of hope and of promise, was changed to the
sad autumn hues of a fruitless year.
Public-domain text, read in full here on John Shaqi.
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