Standard history of Pittsburg, Pennsylvania, Part 1

Author: Wilson, Erasmus, 1842-1922; Goodspeed, Weston Arthur, 1852-1926. cn
Publication date: 1898
Publisher: Chicago : H.R. Cornell & Co.
Number of Pages: 1192


USA > Pennsylvania > Allegheny County > Pittsburgh > Standard history of Pittsburg, Pennsylvania > Part 1


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Digitized by the Internet Archive in 2016


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STANDARD


HISTORY OF PITTSBURG


PENNSYLVANIA


Of all the things which man can do or make here below, by far the most momentous, wonderful and worthy are the things we call books .- Thomas Carlyle.


EDITED BY ERASMUS WILSON.


ILLUSTRATED


CHICAGO: H. R. CORNELL & COMPANY


1898


COPYRIGHT, 1893, BY H. R. CORNELL & COMPANY


27.50


1251614 PREFACE.


This volume, after nearly two years of conscientious labor, is at length finished and is herewith handed to the public. It will be found full of interest- ing data concerning Pittsburg and environs, much of which has not appeared in print for more than half a century, and has long since been forgotten. Special attention is called to the elaboration of the subject-matter of the chapters, to the introduction of much new material usually overlooked by historians; to the large fund of interesting events crowded into the pages and to the fresh light thrown upon every subject. Too many persons unconsciously entertain the idea that a local history, in order to possess any value, must contain little else than some new and extraordinary discovery or philosophy calculated to surprise and dazzle the reader, apotheosize the inhabitants and glorify the city, county and State. On the contrary, the value of current historical works lies almost wholly in the rich and varied fund, bearing upon every phase of American life, that is being saved from destruction by commercial companies organized for the purpose. Such works must necessarily be chiefly statistical, and there- fore be without high and distinctive literary features. American civilization is yet in its infancy, and time is required to present the true perspective of the swiftly changing panorama of events. It was therefore thought best to devote the principal efforts and the greater space to the preservation of the vast stores of rapidly perishing material, rather than to unsound conclusions drawn from meager, distorted and imperfect records.


The design of this work was to bring all continuous subjects, with as much detail as space would allow, down to the time of the Rebellion, and to sketch the most important recent events only. So many requests were made for the insertion of individual, business and family sketches that a few of a representative character were accepted and will be found grouped in one chapter at the close of the book. Owing to lack of space it was found impracticable to publish special sketches of many prominent persons and institutions; and accordingly a selection was made covering the entire range of the city's history and embracing those that would well represent many classes and pursuits. After mature deliberation, it was the unanimous opinion of the management to spell the word Pittsburgh throughout the entire work without the superfluous 11. In a work of this nature, more or less hurriedly prepared, and filled, as it is, with proper names and statistics, it has been found impossible to avoid mistakes, though it is hoped that they are few. The publishers stand ready, as is their custom, to correct all errors, after being notified of the same, by a special errata sheet, to be sent to every subscriber, to be pasted in the book. Among those who contributed to the history, either as authors or editors, were: Erasmus Wilson, Rev. A. A. Lambing, Hon. J. W. F. White, Colonel Thomas P. Roberts, William Roseburg, Dr. Charles S. Shaw and Weston A. Goodspeed. Upon examination, this volume will be found to exceed the promises of the manage- ment and as the years pass away will be accepted as a standard contribution to the history of the State.


THE MANAGEMENT.


THE BLAKELY PRINTING COMPANY, PRINTERS. BROCK & RANKIN, BINDERS. CHICAGO.


ILLUSTRATIONS.


Abbott, William 475-476


Aull, William F ..


.912-913


Bigelow, Edward M.


.445-446


Brunot, Felix R.


. 115-116


Burleigh, Clarence . 495-496


Callery, James


. 535-536


Carnegie, Thomas M


695-696


Christy, Robert


.928-920


Clarke, Thomas S


.35-36


Croghan, William


.705-706


Donnell, James J


. 525-526


Donnelly, Charles


.355-356


English, Harry D. W


.944-945


Ferguson, John S.


. 315-316


Fleming, Andrew


. 545-546


French, Aaron


.345-346


Frick, Henry C ..


455-456


Graham, William H


832-833


Guffey, J. M.


.768-769


Guthrie, George W


.415-416


Harper, John


. 135-136


Hechelman, Herman W


.595-596


Heinz, Henry J


864-865


Herron, John


175-176


Herron, William A.


95-96


Hill, George B.


.635-636


Horne, Joseph


.75-76


Hostetter, David


.880-88I Howe, Thomas M . 195-196


Hussey, Curtis G.


.215-216


Jackson, George W.


.305-306


Jennings, Edward H.


733-734


Jones, Benjamin F.


.55-56


King, Alexander


.245~246


King, Cyrus I


.555-556


Kirkpatrick, John C.


335-336


Lambing, Andrew A .375-376


Lewis, A. Kirk.


125-126


Lippincott, James A.


.575-576


Lockhart, Charles


105-106


Loughrey, Joseph


465-466


Magee, Christopher L.


.435-436


McConway, William


. 505-506


Messler, Thomas D.


225-226


Moorhead, James K.


.85-86


Nevin, Robert P 325-326


O'Hara, James


.25-26


Pfeifer, Charles .655-656


Pitcairn, Robert 800-80I


Rees, James. 675-676 Reymer, Philip


.395-396


Rhodes, Joshua


.255-256


Schenley, Mary E ..


. 155-156


Thompson, William R.


.615-616 Torrance, Francis


.275-276


Torley, John J. .515-516


Vandergrift, Jacob J


.295-296


Verner, James


896-897


Witherow, William


848-849


Zug, Christopher


.235-236


Dunn, James C. .605-606


TABLE OF CONTENTS.


CHAPTER I.


Prehistoric Border Line


17


Indian Tribes and Population. .


17


Derivation of Names of Rivers, etc. 18


Conrad Weiser 19


Louis Céloron 19


French and English Contentions.


19


Encroachments of the Settlers


19 20


Siege of Fort Pitt. 22


22


Period of Repose for Settlers.


23


Renewal of Indian Raids.


23


Purchase of 1768 23


Dunmore's War 24


Other Attempts of the Indians 24


Their Final Departure.


27


CHAPTER II.


French and English Struggles .. 28


History Written With an English Bias 28


Treaties Between the Two Nations. 29


Designs Formed to Take Possession. 30


Conrad Weiser's Mission, 1748. 30


Louis Celoron's in 1749. .. 30


.30-31


French Forts Established ..


32


Mission of George Washington. 32


Captain William Trent's Appearance Here. 32


First Permanent Occupation.


Capture by the French. 32


33


Building of Fort Duquesne.


33


First Battle-Washington and Jumonville


34


Surrender of Fort Necessity ..


37


Braddock's Disastrous Expedition


38


Frontier Desolated by the Savages.


39


Destruction of Kittanning. 40


Weakness of Fort Duquesne 41


Expedition of Gen. Forbes. 41


Grant's Defeat 42


Fall of Fort Duquesne.


42


First Fort Pitt .. 42


Triumph of the Saxon Race.


43


CHAPTER III.


The Boundary Disputes. 44


Mason and Dixon's Line. 44


Virginia and Pennsylvania Charters. 47


Fort Pitt Dismantled. 47


Virginia Takes Possession of It. 48


Conflict of the Civil Authorities. 48


19


A Town at Kittanning Proposed.


50


Proclamations of Penn and Dunmore. 51


Virginia Again Takes Possession. 52


Continuation of Mason and Dixon's Line. 5.3


Settlement of the Boundary Dispute. 53


The Line as Established. 57


i


Negotiations for a Settlement, Abortive.


Page.


Conspiracy of Pontiac


Battle of Bushy Run.


Efforts to Win the Indians' Support.


i-a


HISTORY OF PITTSBURG.


CHAPTER IV.


Page.


Advantages of the Site of Pittsburg


58


Permanent Occupation


58


Building and Fall of Fort Duquesne.


58


Beginning of a Town.


60


Early Religious Services.


60


Extinction of the Indian Title.


61


Survey of the Manor of Pittsburg.


61


Washington's Visit and Description


61


Pittsburg During the Revolution.


62


The Manor to Be Sold.


62


Survey and Plan of Lots


63


Growth After the Revolution.


67


Early Descriptions of the Town


67-68


Population and Industries.


69-70


Postoffice, Mail, Market-house, etc 70


Last Farewell to the Red Man ..


Pope's Description of Pittsburg. 70


Incorporation of the Borough 71 .


Craig's Description of the Place.


72


CHAPTER V.


Transportation


73


Keelboats, Kentucke Boats, Bateaux, etc ..


73


The Packhorse Period.


77


Mail and Stage Routes.


78-79


Wagoning Over the Mountains.


78-79


The First Turnpikes ..


78-81


Schooners, Brigs and Ships


79-80


Ship-building


80


Sea-going Vessels


SI


Other Turnpikes


82-83


Transportation Companies Formed.


83-84


Passenger and Freight Lines


84-89


Apathy of Philadelphia.


84


Struggle for the Carrying Trade.


84-87


The Cumberland Road ...


88-90


The Pennsylvania Turnpike


88-89


Importance and Extent of Carrying Trade.


9.2


Arrival and Departure of Vessels, 1827


93


Allegheny River Navigation.


93


Transportation of Salt.


94


Ferry-boats and Docks.


97


Stage Improvements


97


Steamboat Building


99


Transportation Lines, List of.


100


Freight Rates


100


First Iron Steamboat.


IOI


Loss of Trade Deplored.


I02


First Telegraph Line. 103


IO.4


Tonnage of Vessels


IO.1


Coal Shipments 104


The Era of Plank Roads.


IO7


The First Steamboat, 18II.


IO7


Other Steam Vessels.


108-III


Ejectment Suit for the Wharf.


III


CHAPTER VI.


Transportation Continued II2


The First Two Bridges. II2


Ceremony of Opening Them.


Bridges at Mechanics and Hand Streets. II3


II4


The Soho and Sharpsburg Bridges.


II4-1I7


Other Turnpikes Projected. 94


Craig's Spider


98


Travel on the Turnpikes.


HISTORY OF PITTSBURG. i-b


First Suspension Bridge ..


II4


The Tripartite Bridge Project.


II7


The Canal


II7 I18


Its Route Through the City.


. 119-120


The Cross-cut Canal ..


119-122


Laying of the Corner-stone, Lock I.


I20


Progress of the Construction.


120-12I


The Aqueduct


I20-121


The Canal Convention.


I22


Tonnage of the Canal.


123


Sale of Stock of the Cross-cut Canal.


I24


Packet and Freight Lines


124-127


Portable Iron Canal Boat.


I27


Opening of the Pittsburg and Beaver Canal.


I27


Sale of the "Public Works".


128


Monongahela Navigation Company


129-13I


First Railway Projects ...


I3I


Conventions Held to Aid Them.


132-133


The Central Railroad.


I37


Conflict of Railway Interests.


I37


Views of Judge Wilkins 138


Stock Subscriptions 138-139


Ohio and Pennsylvania Railroad. I39


First Arrival and Departure of Trains


139-140


Railway Tonnage


I4I


Repudiation of the Bonds


141-142


CHAPTER VII.


Commerce


I43


The Indian Traders.


143


Traffic on the Rivers. I43-144


The Early Merchants. 144


Difficulties in the Way of Trade. 147


Destiny of Pittsburg Finally Discovered.


148


The Mississippi River Trade ..


147-148


Commerce of the Borough Established.


148


Character of the Traffic.


149


Importance of the New Orleans Market.


149-150


The Allegheny River Trade. 150


Kentucky Products


I51


Goods Handled by Merchants.


151


Annual Trade Estimated.


152


Market Price of Products


I52


Commerce Stimulated by the War of 1812.


I53-154


Outside Demands for Coal.


I54


Death of Commerce in 1818-19. I57-159


Importance of the Transporting Trade. 158-159


Extraordinary Depreciation of Values. 160


Commercial Efforts of Associations 160


Summary of Trade Fluctuations. 160


CHAPTER VIII.


Commerce Continued 162


The Revival of Trade in 1825 ...


162


Exports of the Fiscal Year, 1825-26.


163


Tonnage and Value of Products.


104


Rapid Growth of Commerce, 1826-29.


The Panic of 1833-34. 167-168


168-169


Business of 1835. .


168-169


Extent of the Traffic of 1836.


170-17I


The Panic of 1837 ..


IZI


Board of Trade and Merchants' Exchange


170-171-172


Magnitude of Commerce in 1838. . 172-173


.


First Company for Lock Navigation 128-129


Railway Connection with Baltimore. I34


Page.


Its Necessity and Importance.


ii


HISTORY OF PITTSBURG.


Page.


The Great Season of 1839. 177-178


Effects of Drouth and Ice on Trade.


177


Increase in Coal Consumption. 180


The Santa Fe Traders. 181


The Depression of 1842. 181


Canal and River Tonnage, 1840-1845. 182-183


The Trying Season of 1849. 183-184


Extent of Business, 1847-1851. 184-187


Precarious Existence of the Board of Trade. 188


John Randolph's Statement. 188


Board of Trade Reorganized. 189


The Dreadful Year of 1854. 189


Statistics of 1855. . 190


Railroads Greatly Increased Trade


191


Importance of the Early Fifties 19I


Coal Shipments of 1845-1858.


192


CHAPTER IX.


Manufactures 193


The First Carried On.


193


The Sale of Fort Pitt. 193


Plummer's Distillery 193


Views of John Scull, 1786.


194


Domestic Considerations


194


Other Early Establishments.


197


Turnbull, Marmie & Co.


193-197


Mills and Factories ...


197


Establishments of 1792.


198


The O'Hara Glass Works.


198


First Strike in Pittsburg.


200


Eltonhead's Cotton Factory


200


Establishments of 1807-8.


20I


The Evans Gristmill.


202


Business of 1810-12.


202


Building of Steam Engines.


.202-204


List of Business Men, 1815.


.204-205


English Imports Considered.


209


Importance of Local Manufactures. 209


210-214


Baldwin's Aid to Manufactures


2II


Growth Due to Expedients 212


Death of Manufactures. .212-218


Resolutions of 1819 and 1820.


.213-219


A Society Formed to Aid Manufactures. 220


Business Depression Considered. 220


Review of the Great Distress.


221


CHAPTER X.


Manufactures Continued 222


First Successful Rolling Mill. 222


The Glassworks of 1825. 222-223


Paper-mills and Gristmills. 223


Tanneries, Saddleries, Shoeshops, etc. 224


Miscellaneous Industries 224-225


Breweries and Distilleries 224


Tobacco, Salt, etc .. 227


227


Great Increase of Products. 228-232


Cotton and Wool. 228-230


The Woolens Bill Advocated.


231


Sale of Goods in Original Packages


231


Manufactures of 1836.


237


Products of 1837 and 1839


238-239


Business of 1846. . .211-242


Quantity of Cotton Goods Produced, 1846. . 242-243


The Strike of 1848.


.243-244


Business of 1815, 1817 and 1819 Compared.


Summary of Manufactures, 1825.


111


HISTORY OF PITTSBURG.


Manufacturing Houses of 1849.


247


Steamboats Built, 1840 to 1849.


248


Operations of the "Ten-hour Factory Law"


.244-249


The Products of 1857


.250-25I


CHAPTER XI.


Iron and Steel.


252


Their Carriage Over the Mountains.


252-253


First Furnaces West of the Alleghanies. 253


Attempt of George Anshutz. 25+


Development of the Iron Industry by 1804.


25-1


The Foundry of Joseph McClurg.


257


Engine and Nail Factories, J807-1810.


257-258


The Eichbaum Wire Works 258


The Cowan Rolling-mill. 259


Manufacture of Ironmongery.


258-259


Use of Coke First Proposed.


260


Source of the Iron Supply. 260


Ironworkers of 1815 26I


Prices of Iron Products, 1818. 262


263


The Claims of Oliver Evans. 263


Prices and Products, 1819-20


264


Iron and Steel Continued CHAPTER XII.


267


Foundries and Furnaces, 1825-26 267


The Rolling-mills of 1825-26. 268


The Engine Factories, same date. 269


Value of Iron Products. 270


27I


Steel Manufactured by Broadmeadow.


272


Various Metal Products.


.272-273


Prices Compared


.272-273


Consumption of Iron per annum


273


Business of 1830.


274


Establishments of 1833. .277-278


.279-280


Price of Blooms and Pig Metal 281-284


Effects of the Panic of 1837. 282


Manufacturers of 1839.


283


The Iron Manufacturers of 1844.


28 .:


The Ironmasters' Convention


289


Pittsburg Novelty Works.


289


Cost of Producing a Ton of Iron. 289


The Smelting of Copper .. 290-29I


290


Strike of the Puddlers and Boiler-makers 290


Building of Locomotives. 292-294


292


Manufacture of Cast Steel.


293


Iron Used for Building Purposes.


293


Production of Railway Iron.


29.4


The Metal-workers of 1856.


297


Products of 1857 .. 297


The Rolling-mills of 1860. 209


CHAPTER XIII.


The Branch Banks.


300


Hard Times During the Revolution.


300


Depreciation of Continental Currency. 301


Lack of Money in the West .. 301


Foreign Coin in Circulation. 302


Pittsburg's Memorial Against Charter. 302


Branch of the Bank of Pennsylvania. 303


288


The Tariffs of 1842 and 1846.


Iron Industry of 1814 and 1850 Compared.


Rolling-mills of 1851.


Works and Products of 1836.


Extent of the Industry.


New Companies and Associations


Page.


Many Important Manufactures Begun .244-250


iv


HISTORY OF PITTSBURG.


Page.


Its Officers and Business. .303-304 Branch of the Government Bank. . 304-307


Office of Discount and Deposit. . 308-309


Its Curtailment of Accommodations 309


Shrinkage in Its Stock Valuations. 309


Business of the Branch .. . 310-31I


Attitude of President Jackson.


312


Branch Made a State Institution. 313


Its Suspension and Termination.


314


CHAPTER XIV.


Private and State Banks. 317


Banking Acts of 1808 and 1810. 317


Bank of Pittsburg, 1810 ... 318


Pittsburg Manufacturing Company, 1812.


The "Mammoth Bill," 1813-14. 318


.319-320


Two Banks Located in Pittsburg, 1814.


321


New Bank of Pittsburg.


322


Opposition to the Branch Bank.


323


All Banks Denounced.


323


The Suspension and Depression, 1818-19.


. 324-332


Conduct of the Branch Criticised.


330


Soundness of the Bank of Pittsburg.


332-333


Its Beaver Branch ..


333


Farmers' and Mechanics' Bank. 334


334


The Bank Forced to Close


.337-338


City Bank of Pittsburg.


338


Merchants' and Manufacturers' Bank.


339


Pittsburg Savings Institution.


. 339-340


Inconvenience for Want of Small Change


340-34I


Jackson's Withdrawal of the Deposits.


342


Course of Mr. Wilkins Criticised.


343


Bank Mecting of January, 1834.


344


Bank Meetings of February, 1834.


347


Interview with President Jackson.


349-350


Exchange Bank of Pittsburg.


35I


Banking Capital, January, 1837.


352 Greater Banking Strength Demanded. . 352-353


353-358


Resumption Demanded by a Public Meeting.


358


Pittsburg Banks and Their Officers.


359


The Gold and Silver Advocates.


359-360-363


Shinplasters Issued by the City and Boroughs.


361


Resumption Ordered by the Governor. 362


Being Premature, Suspension Again Followed. .362-363


Anti-bank Movements Continued. 364


Bank Statements, October, 1840


367


Resumption of February, 1841. 368


Post Notes Issued at Pittsburg. 368


369


Condition of the Banks, November, 1841.


370


Taxation of Banks.


371


CHAPTER XV.


Profession of the Law. 372


Its High Aims and Objects. 372


Honorarium of the Romans.


372


Opinions of Cicero, Quintilian, et al. 373 .


Early English Views .. 373


The Extent of a Lawyers's Duties. 373


High Character of the Local Bar.


374


First Courts Established Here. . 374


Constitutional Changes and Provisions.


374


Memorial and Counter-Memorial to Congress.


347


Delegation Sent to Harrisburg and Washington.


348


Panic and Suspension of 1837 ..


Wonderful Variety of Money.


Robbed by Pluymart and Emmons


V


HISTORY OF PITTSBURG.


Page.


First Judges and Lawyers.


374


Special Mention of Prominent Practitioners.


Three Generations Considered. 374-388


Mr. Loomis as a Collector. 379


382


Habits of the Early Lawyers.


389


Courtship of H. H. Brackenridge.


389


How Colonel Black Cleared a Client.


389


Vigor of the Old Lawyers ..


389


Old and Present Methods Compared. 390-391


High Character and Domestic Virtues. 391


Forensic Efforts, Formerly Important. 39I


Jury and Judge Now Limited. .. 392


Degeneracy of the Bar Considered. 392


Hangers-on of the Present Day. 392


Rascally Methods of Many. 392


List of Judges


393


CHAPTER XVI.


The War of 1812.


397


Pittsburg the Headquarters for Supplies. 397


Expeditions of Harmar, St. Clair and Wayne. 397


Expense of the Whisky Insurrection. 398 Militia Discipline Considered. 398


A List of Old Officers. 398


War with France Feared. 398


War of 1812 Declared.


399


Resolutions Adopted at Pittsburg.


399


Captain Butler's Company Ordered Out. 399


399


The State Militia Called into Service ..


400


Allegheny County Men Ordered to Niagara.


400


Stores and Equipments for the Army.


40I


Lamentation of the Mercury.


40.2


The Unfortunate Black Rock Affair ..


402


Reports of Generals Smyth and Porter


402, 403


Desertion of the Pennsylvania Militia.


403


Their Court-martial and Punishment. 403


404


The Action at the Mississinewa Villages


404


The Rally at Fort Meigs. 404


The Storming of Fort Stephenson. 407


Pennsylvanians with Commodore Perry. 408


British Prisoners Escape from Fort Fayette. 408


Illumination in Honor of Perry's Victory 408


Erie Threatened and Militia Called Out .. 408


Pittsburg Volunteers Under Capt. Douglas 408


The National Capital in Danger. 409


Closing Scenes of the War. 409


CHAPTER XVII.


The War with Mexico. 410


Views of the Citizens. 410


The First Volunteers. 410


Ten Companies Promptly Organized.


4II


Resolutions Passed Favoring the War.


411


Funds Raised to Equip Volunteers.


411-414


The Companies and Their Officers ..


412


Jackson Blues and Duquesne Grays Accepted. 413


First Regiment to Rendezvous Here .. 414


Arrival of Companies; Great Enthusiasm 414


Permanent Officers Chosen. 414-417


Flag Presentations and Speeches. 417


Departure of the First Regiment. 417


Views of Mrs. Swisshelm .. 417


Great Pressure to Enter the Service 418


The Surrender of General Hull Denounced.


Tannehill's Brigade 401-402


. Names of the Pittsburg Blues.


vi


HISTORY OF PITTSBURG.


Page.


Second Regiment to Rendezvous Here.


418


Other Companies Arrive ..


418


Former Lively Scenes Reenacted.


419


Officers Elected


418-419


Celebration of the Great Victories.


419


Captain Guthrie's Company. 420


Captain Rowley's Company. 420


Instances of Gallantry. 421


Dead Brought Home and Buried. 422


Return of the Volunteers. 423


Order of the Procession


424


Muster Roils of the Blues and Grays 427


Stores Fabricated at the Allegheny Arsenal.


429


CHAPTER XVIII.


Banking Continued


Great Increase of Banking Companies, 1842. 43I


Farmers' Deposit Bank. 432


Pittsburg Trust and Savings Company. 432


Private Bankers of the Forties .. 433


Banking Law of 1850 .. 433


Quantity of County Scrip Issued .. 434


Other Banking Associations Established. 434-437


Bank Stock Quotations of December, 1853. 438


Statements of 1853 and 1854. 438-439


Demands for Greater Capital. 439


The Panic of 1854 .. 440


New Institutions of the Fifties 437-451


442


The Panic of 1857 ...


444


Several of the Banks Suspend.


447


Trouble in One of Them.


448


The Relief Law Accepted.


449


Resumption of Specie Payments.


449


Banking Law of 1860.


45


The Suspension of 1860.


45I


Relief Measures of 1861.


45.2


Currency Reform Considered.


453


Banks Tender Aid to the Governor, 1861. 453


Great Confusion in Monetary Affairs 453


Resumption in October, 1861. 454


454


Government Bonds Floated.


457


The Premium on Coin.


458


Butchers to Issue Small Change.


458


Par Funds and Depreciated Notes.


459-461


First Government Fractional Currency


459-460


Wild Fluctuations of Gold.


461


Old State and New National Banks 462


Different Policies of the Banks. 463


Subscriptions to the Sanitary Fair. 464


Change of State to National Banks. 464


Old Circulation Retired.


467


CHAPTER XIX.


The National Banks. 468


Efforts to Secure First Charters 469


Letter of Comptroller Eckels.


470


First National Bank. 470


Others Soon Organized. 47I


Career of the Fourth National. 471-478


Soundness of the City Banks.


472


Old Banks and New Banks Compared. 473


Benefits of a Uniform Currency.


Still Other National Banks Formed. .473


473-477


43I


Rush for Stock in 1857


Statistics 450-45I


Suspension of December, 1861.


HISTORY OF PITTSBURG.


vii


Comparison of Depreciated Bills


The Suspension Broadly Considered.


479


National Banks of February, 1865.


Market Value of Stock ... 479


Kramer & Rahn Forced to Close.


480


Capital of the National Banks.


481


The Clearing-house Established. 481-483


Important Features from 1870 to 1880. 483


Capital and Business Compared. 484


Other National Banks Formed. 484


The Panic of 1873 .. 484-489


Later Failures Which Resulted Therefrom. 489-491


Great Number of Banking Institutions, 1874. 49I


The Distress of 1883-85. . 492


Comparative Figures and Statistics 493


The Panic of 1893. .. 494


Clearing-house Certificates Issued. 497-498


The Last of Them Retired ..


499


Relative Standing in the Clearing-house 500


Total Exchanges, 1866-1897, inclusive.


500


CHAPTER XX.


Private Schools 50I


The School of 1761


50I


Education in 1786-88.


501


Teachers from 1799 to 1804.


. 501-502


Brevost's Young Ladies' School.


502


Bolton's Academy


503


Mrs. Gazzam's Seminary


503


Moody's Academy


503


Riddle's Wood Street Academy


504


Babe Introduced the Lancasterian System.


504


Stockton's Allegheny Academy.


504


The Adelphi Free School.


507


McNevin's Central Academy 507


507


Monitorial Schools Introduced.


507


Prominence of Prof. N .. R. Smith 507


Pittsburg Infant School Society 508


Pittsburg Monitorial High School.


508


Female Monitorial School.


508


Rev. Samucl Williams as a Teacher.


508


The Edgworth Female Academy


500


St. Clair Female Seminary ..


509


Pittsburg Seminary for Young Ladies.


509


Western Female Collegiate Institute


509


Other Private Institutions. .


500


First Instruction in Shorthand.


510


East Liberty Academy.


510


Fletcher's Gymnasium


510


Rev. Mr. Todd's Classical Seminary


510


The Seminary of the French Nuns.


510


Crosby's High School.


5II


Duff's Mercantile College.


51I


Many Other Private Schools ..


.511-513


Iron City Commercial College.


512


. Pittsburg Fcmale College.


512


Locust Grove Seminary 513


513


Denominational Schools 513


Robert Smith Educates Colored Cchildren, 1818. 514


514


First Colored Schools ... 514


Avery's Efforts for the Colored People. 517


Rights of Colored Children to Public Fund. 514 518


Page. 478


480


First Industrial School for Girls.


Pittsburg African Education Socicty.


Kirkham's Lectures on Grammar


Other Early Teachers. 502-5II


viii


HISTORY OF PITTSBURG.


Page.


Normal Schools


518


The Pittsburg ' Academy.


518


The Western University. 518


Bowman's Institute


522


Western Theological Seminary. 522


Allegheny Theological Seminary


523


CHAPTER XXI.




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