Veterans Who Have Passed–Eileen Grace Bachrodt Frazier Bates

 

Source:  Rockford Register Star, Mar. 13, 2020.

“The Fire Bell of Unemployment” – 2011

Source:  New York Times 11/27/2011

“Chicago in the 1930’s” – Wikipedia

Source: Wikipedia

 

 

Panic of 1893

27 Rockford  Industries went into receivership

Source: The Stewart Story R917.733 G88

panic was marked by the collapse of railroad overbuilding and shaky railroad financing compounding market overbuilding and a railroad bubble was a run on the gold supply and a policy of using both gold and silver metals as a peg for the U.S. Dollar value. Until the Great Depression, the Panic of ’93 was considered the Worst Depression in the United States  railroads were over-built and many companies continued growth by taking over competitors many mines were opened and silver began to flood the market. Farmers, particularly in the Midwest began to suffer droughts. The Free Silver movement arose as well as The Sherman Silver Purchase Act of 1890. The first signs of trouble: bankruptcy of the Philadelphia and Reading Railroad (greatly overextended itself) 2/23/2893. Grover Cleveland second inauguration; he repealed the Sherman Silver Purchase Act. as economy worsened, people rushed to withdraw their money from banks. The national Cordage Company went into receivership (most actively traded stock at the time) series of bank failures followed. Northern Pacific Railway, Union Pacific Railway & the Atchison, Topeka and Santa Fe failed.

Source: Wikipedia

Rockford News Tower – Barloga, original and altered design

news tower 1

The original design and height of the news tower is shown in the top design, and the height of the lower, more horizontal section, which was in Rockford Daily Republic newspaper, Oct 1, 1929.  Architect:  Jesse A Barloga, Construction by Security Building Corp., Inc.

The Great Depression created a need to lower costs.  The modified design appeared in the Rockford Register-Republic April 14, 1931. (Below)

newstower 2