MOLONEY, Lawrence - Revision history

Randylyon at 16:39, 17 May 2018

2018-05-17T16:39:28Z

← Older revision		Revision as of 16:39, 17 May 2018
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	MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). When Lawrence was about ten years old, his parents immigrated to the United States, arriving in Dubuque shortly after the ~~Black Hawk Purchase~~. Lawrence began accumulating property and erected a three-story brick building on the south half of the lot later occupied by the A. A. Cooper building, corner of Third and Main streets, which he used for a general store several years.		MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). When Lawrence was about ten years old, his parents immigrated to the United States, arriving in Dubuque shortly after the [[BLACK HAWK PURCHASE]].

	~~The great financial boom that struck Dubuque in 1855 caused a rapid increase in the value of all kinds of~~ property~~, especially real estate. In 1856 Moloney was rated as being worth $250,000. That year he had the idea of tearing away the frame building adjoining his store, on the north side,~~ and ~~erecting in its place~~ a three-story brick building. ~~He was offered $30~~,~~000 for the ground, including the brick store~~, which he ~~occupied, but he decided to build~~.		As an adult, Lawrence began accumulating property and erected a three-story brick building on the south half of the lot later occupied by the A. A. Cooper building, corner of Third and Main streets, which he used for a general store several years.

	The building was completed about the time the [[PANIC OF 1857]] struck Dubuque. Real estate values and rents fell. Paper money was nearly worthless due to the failure of the banks; gold and silver were needed in New York City where it went to pay debts~~. Mr~~. Moloney borrowed $10,000 from ~~Mr. Corwith,~~ a banker from Galena; at 10 per cent for five years, when the mortgage was foreclosed, and the house that cost $55,000 and the ground for which he had been offered $30,000 sold for this sum with interest.		The great financial boom that struck Dubuque in 1855 caused a rapid increase in the value of all kinds of property. In 1856 Moloney was rated as being worth $250,000. That year he had the idea of tearing down the frame building adjoining his store, on the north side, and erecting in its place a three-story brick building. He was offered $30,000 for the ground, including the brick store, which he occupied, but he decided to build.

			The building was completed about the time the [[PANIC OF 1857]] struck Dubuque. Real estate values and rents fell. Paper money was nearly worthless due to the failure of the banks; gold and silver were needed in New York City where it went to pay debts. Moloney borrowed $10,000 from a banker from Galena at 10 per cent for five years, when the mortgage was foreclosed, and the house that cost $55,000 and the ground for which he had been offered $30,000 sold for this sum with interest.

	Mr. Moloney died in 1864, leaving an estate consisting of considerable land, most of which was taken to satisfy a claim made by the E. Shine Estate.		Mr. Moloney died in 1864, leaving an estate consisting of considerable land, most of which was taken to satisfy a claim made by the E. Shine Estate.

Randylyon at 01:59, 1 January 2016

2016-01-01T01:59:20Z

← Older revision		Revision as of 01:59, 1 January 2016
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	Source:		Source:

			Goodspeed, Weston Arthur, '''History of Dubuque County, Iowa'''. Chicago: Goodspeed Historical Association, 1911, p. 754

	"Irish in Iowa." Online: http://www.celticcousins.net/irishiniowa/irelandbios6.htm#moloney		"Irish in Iowa." Online: http://www.celticcousins.net/irishiniowa/irelandbios6.htm#moloney

	[[Category: Business Leader]]		[[Category: Business Leader]]

Randylyon at 02:45, 21 December 2015

2015-12-21T02:45:08Z

← Older revision		Revision as of 02:45, 21 December 2015
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	MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). When Lawrence was about ten years old, his parents immigrated to the United States, arriving in Dubuque shortly after the Black Hawk Purchase. Lawrence~~, soon after attaining his majority~~ began accumulating property ~~on every favorable opportunity. He~~ erected a three-story brick building on the south half of the lot later occupied by the A.A. Cooper building, corner of Third and Main streets, which he used for a general store several years. In the meantime General Gehon bequeathed him considerable land, and a smaller bequest was made by a Mr. Slater. These bequests were made in testimony of the high esteem in which those gentlemen held Mr. Moloney.		MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). When Lawrence was about ten years old, his parents immigrated to the United States, arriving in Dubuque shortly after the Black Hawk Purchase. Lawrence began accumulating property and erected a three-story brick building on the south half of the lot later occupied by the A. A. Cooper building, corner of Third and Main streets, which he used for a general store several years.

	The great financial boom that struck Dubuque in ~~the year~~ 1855 caused a rapid ~~advance~~ in all kinds of property, especially real estate. In 1856 Moloney was rated as being worth $250,000. That year he had the idea of tearing away the frame building adjoining his store, on the north side, and erecting in its place a three-story brick building. He was offered $30,000 for the ground, including the brick store, which he occupied, but he decided to build. He could see his way clear without going in debt, and he felt that with the property clear he was running no risk. The workmen, however, in excavating the foundation, undermined the north wall of the store, and it had to be taken down. This changed the plans adding to the expense.		The great financial boom that struck Dubuque in 1855 caused a rapid increase in the value of all kinds of property, especially real estate. In 1856 Moloney was rated as being worth $250,000. That year he had the idea of tearing away the frame building adjoining his store, on the north side, and erecting in its place a three-story brick building. He was offered $30,000 for the ground, including the brick store, which he occupied, but he decided to build.

	The building was completed about the time the ~~panic of~~ 1857 struck Dubuque. Real estate values and rents fell. ~~The paper~~ money was nearly worthless by the failure of the banks; gold and silver were needed in New York City where it went to pay debts. Mr. Moloney borrowed $10,000 from Mr. Corwith, banker~~, of~~ Galena; at 10 per cent for five years, when the mortgage was foreclosed, and the house that cost $55,000 and the ground for which he had been offered $30,000 sold for this sum with interest.		The building was completed about the time the [[PANIC OF 1857]] struck Dubuque. Real estate values and rents fell. Paper money was nearly worthless due to the failure of the banks; gold and silver were needed in New York City where it went to pay debts. Mr. Moloney borrowed $10,000 from Mr. Corwith, a banker from Galena; at 10 per cent for five years, when the mortgage was foreclosed, and the house that cost $55,000 and the ground for which he had been offered $30,000 sold for this sum with interest.

	Mr. Moloney died in 1864, leaving an estate consisting of considerable land, most of which was taken to satisfy a claim made by the E. Shine Estate.		Mr. Moloney died in 1864, leaving an estate consisting of considerable land, most of which was taken to satisfy a claim made by the E. Shine Estate.
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	Irish in Iowa. Online: http://www.celticcousins.net/irishiniowa/irelandbios6.htm#moloney		"Irish in Iowa." Online: http://www.celticcousins.net/irishiniowa/irelandbios6.htm#moloney

	[[Category: Business Leader]]		[[Category: Business Leader]]

Randylyon at 19:29, 6 April 2014

2014-04-06T19:29:04Z

← Older revision		Revision as of 19:29, 6 April 2014
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	MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). ~~Real estate developer~~. ~~Moloney accumulated vast quantities of~~ property ~~in the Dubuque area through shrewd investing and profits from~~ a ~~general store he operated~~ on the corner of Third and Main.		MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). When Lawrence was about ten years old, his parents immigrated to the United States, arriving in Dubuque shortly after the Black Hawk Purchase. Lawrence, soon after attaining his majority began accumulating property on every favorable opportunity. He erected a three-story brick building on the south half of the lot later occupied by the A.A. Cooper building, corner of Third and Main streets, which he used for a general store several years. In the meantime General Gehon bequeathed him considerable land, and a smaller bequest was made by a Mr. Slater. These bequests were made in testimony of the high esteem in which those gentlemen held Mr. Moloney.

	The financial boom~~, which~~ Dubuque ~~experienced~~ in 1855, ~~led~~ Moloney ~~to see the value of his holdings rise to an estimated~~ $250,000. ~~Believing that~~ the ~~future looked full~~ of ~~promise~~, ~~Moloney commenced an ambitious~~ building ~~program~~ that ~~unfortunately coincided~~ with the ~~start~~ of the ~~financial crash~~ and panic of 1857. ~~Worthless~~ paper money and ~~rapidly sliding~~ land ~~values led Moloney to sell~~ most of ~~his holdings~~ to satisfy ~~claims~~.		The great financial boom that struck Dubuque in the year 1855 caused a rapid advance in all kinds of property, especially real estate. In 1856 Moloney was rated as being worth $250,000. That year he had the idea of tearing away the frame building adjoining his store, on the north side, and erecting in its place a three-story brick building. He was offered $30,000 for the ground, including the brick store, which he occupied, but he decided to build. He could see his way clear without going in debt, and he felt that with the property clear he was running no risk. The workmen, however, in excavating the foundation, undermined the north wall of the store, and it had to be taken down. This changed the plans adding to the expense.

			The building was completed about the time the panic of 1857 struck Dubuque. Real estate values and rents fell. The paper money was nearly worthless by the failure of the banks; gold and silver were needed in New York City where it went to pay debts. Mr. Moloney borrowed $10,000 from Mr. Corwith, banker, of Galena; at 10 per cent for five years, when the mortgage was foreclosed, and the house that cost $55,000 and the ground for which he had been offered $30,000 sold for this sum with interest.

			Mr. Moloney died in 1864, leaving an estate consisting of considerable land, most of which was taken to satisfy a claim made by the E. Shine Estate.

			---

			Source:

			Irish in Iowa. Online: http://www.celticcousins.net/irishiniowa/irelandbios6.htm#moloney

	[[Category: Business Leader]]		[[Category: Business Leader]]

Randylyon at 03:19, 23 December 2008

2008-12-23T03:19:00Z

← Older revision		Revision as of 03:19, 23 December 2008
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	The financial boom, which Dubuque experienced in 1855, led Moloney to see the value of his holdings rise to an estimated $250,000. Believing that the future looked full of promise, Moloney commenced an ambitious building program that unfortunately coincided with the start of the financial crash and panic of 1857. Worthless paper money and rapidly sliding land values led Moloney to sell most of his holdings to satisfy claims.		The financial boom, which Dubuque experienced in 1855, led Moloney to see the value of his holdings rise to an estimated $250,000. Believing that the future looked full of promise, Moloney commenced an ambitious building program that unfortunately coincided with the start of the financial crash and panic of 1857. Worthless paper money and rapidly sliding land values led Moloney to sell most of his holdings to satisfy claims.

			[[Category: Business Leader]]

Randylyon: New page: MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). Real estate developer. Moloney accumulated vast quantities of property in the Dubuque area through shrewd investing and profits from ...

2008-07-28T16:37:54Z

New page: MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). Real estate developer. Moloney accumulated vast quantities of property in the Dubuque area through shrewd investing and profits from ...

New page

MOLONEY, Lawrence. (Ireland, 1819--Dubuque, IA, 1864). Real estate developer. Moloney accumulated vast quantities of property in the Dubuque area through shrewd investing and profits from a general store he operated on the corner of Third and Main.

The financial boom, which Dubuque experienced in 1855, led Moloney to see the value of his holdings rise to an estimated $250,000. Believing that the future looked full of promise, Moloney commenced an ambitious building program that unfortunately coincided with the start of the financial crash and panic of 1857. Worthless paper money and rapidly sliding land values led Moloney to sell most of his holdings to satisfy claims.