New Orleans: December 14, 1857. Printed broadside, 7.75" x 9.75". Several small holes [affecting one letter], light old folds, light scattered spotting. Signed in type by H.B. Merrell. Good+.
Beebee & Co. was one of the most prominent bullion dealers in the United States, with banking and exchange houses in Chicago, New York and Philadelphia. The Company failed during the Great Panic of 1857, and took Merrell down with it. The firm of H.B. Merrell & Co. is listed in the 1855 New Orleans Directory as a dealer of "Fancy French Goods, etc." This broadside letter was doubtless sent to Merrell's multiple creditors to explain his defaults and to promise payment under terms proposed here by Merrell.
An unusual, ephemeral illustration of the terrible effect of bank failures during one of America's most serious depressions. Item #27641