The History of Minnesota and Tales of the FrontierFlandrau, Charles E. (Charles Eugene)
History
The History of Minnesota and Tales of the Frontier
Flandrau, Charles E. (Charles Eugene)
Frontier and pioneer life -- Minnesota; Minnesota -- History
There was, however, a great difference between the consequences of 1893
and the previous disasters of 1857 and 1873. Although the disturbance
was great, we were better prepared to meet it. Population had increased
immensely. The area of civilization and production had kept pace with
immigration. Manufactures of many kinds had been introduced, and
although we were seriously wounded, our hopes of recovery had solid
grounds to rest upon, and we were not dismayed. The only remedy in such
cases--industry and economy--was applied, through necessity if not from
choice, and recovery has been slowly progressing up to the present time
(1900), when we may be classed as convalescent.
Will this experience serve to prevent a recurrence of the follies of the
past? Most assuredly not. Those who have reaped wisdom will have
surrendered the speculative arena to others before the financial cycle
rolls around, and history will repeat itself, notwithstanding the state
never had a better future outlook than at present. It does not follow
that the panic due about 1913 will be caused by over speculation in real
estate. It is more likely to be produced by the excessive and fraudulent
capitalization of all sorts of corporations, called trusts, which will,
of course, succumb to the first serious blow.
With the exception of the events I have narrated, including the
financial troubles of 1873 and 1893, nothing of special importance to
the state has happened, except a few occurrences of minor moment.
MINOR HAPPENINGS.
Sept. 5, 1878, President Hayes made a short visit to the state, and
delivered an address at the state agricultural fair.
On the 7th of September, 1876, an organized gang of bandits, which had
been terrorizing the State of Missouri and surrounding states with
impunity, entered this state, and attacked a bank in the town of
Northfield, in Rice county, with the intent of looting it. The cashier,
Mr. Haywood, resisted, and they shot him dead. The people of the town,
hearing of the raid, turned out, and opened fire on the robbers, who
fled, with the loss of one killed. In their flight they killed a Swede
before they got out of the town. The people of the counties through
which their flight led them, turned out, and before any of them passed
the border of the state, two more of them were killed and three
captured. Two escaped. The captured were three brothers named Younger,
and those who escaped were supposed to be the notorious James Brothers
of Missouri. The three Younger Brothers pleaded guilty to a charge of
murder, and on account of a peculiarity in the law, that only allowed
the death sentence to be imposed by a jury, they were all sentenced to
imprisonment for life. One of them has since died, and the other two
remain in prison.
Public-domain text, read in full here on John Shaqi.
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