Encyclopedia Dubuque
"Encyclopedia Dubuque is the online authority for all things Dubuque, written by the people who know the city best.”
Marshall Cohen—researcher and producer, CNN
Affiliated with the Local History Network of the State Historical Society of Iowa, and the Iowa Museum Association.
PANIC OF 1857
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In October, 1857, economic panic which had swept the rest of the country struck this city.
The houses of Flaven & Co., Flinn & Bro.cand A. C. Pearson suspended. Mass meetings of citizens decided itcprudent for the harbor companies to issue post notes to relieve thecsituation. Later Cameron & Fry and Kemler & Cannon suspended.cIn January, 1858, Gray & Waldron and C. W. Arthur closedcbusiness.