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A Foundation of Trust

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Investing for Middle America

Abstract

As Tappan wound up business for 1896, the depression was bottoming out. Months earlier, the eye of the maelstrom had passed right over Minneapolis. An army of unemployed workers tramped through the city, heading east for a showdown with the Republican administration in Washington, D.C. Dubbed ”Coxey’sArmy,”thisstreamofdiscontenthaditsoriginsin the summer of 1894, when 500 men on foot, led by Jacob Coxey and his family, marched out of Massillon, Ohio. Making fifteen miles per day, they invited others to join them in the nation’s capital, where they would petition Congress to alleviate the economic suffering.

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Notes

  1. Martin Ridge, “Ignatius Donnelly and the Granger Movement in Minnesota,” Mississippi Valley Historical Review 42:4 (March 1956), 693–709.

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  2. John D. Hicks, “The Political Career of Ignatius Donnelly,” Mississippi Valley Historical Review 8:1, 2

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  3. Quoted in George David Smith and Richard Sylla, “Capital Markets,” in Encyclopedia of the United States in the Twentieth Century vol. III (New York, 1996), 1222.

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  4. Kenneth Lipartito and Paul Miranti, “Professions and Organizations in Twentieth-Century America,” Social Science Quarterly 79:2 (June 1998), 308–9.

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  5. Roger Ransom and Richard Sutch, “Tontine Insurance and the Armstrong Investigation: A Case of Stifled Innovation,” Journal of Economic History 47:2 (June 1987), 380.

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© 2001 Kenneth Lipartito and Carol Heher Peters

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Lipartito, K., Peters, C.H. (2001). A Foundation of Trust. In: Investing for Middle America. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230107489_4

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