A FAMILY PAPER DEVOTED TO THE NEWS OF THE DAY IN SOUTH DANVERS (PEABODY), MASSACHUSETTS
January 6 – June 29, 1864 - Part VI
Economic Conditions
About the South Danvers Wizard

Overview:  Jan.- July 1864

 About South Danvers (Peabody), Massachusetts

 

South Danvers Wizard, 1/13/1864, p. 2/5
HIDES – “The importation of hides was largely increased in 1863.  The number at Salem was 191,595, which was 30,000 over the last year; and at Boston 722,888, which was 265,000 over last year; and at New York, 1,798,944, which was 25,000 over last year.  The business in hides is in a measure passing from Salem to Boston.”

South Danvers Wizard, 1/20/1864, p. 2/3
PRAISEWORTHY ACTS [Letter to the Editor] -“Danvers, January 18th, 1864- Mr. Editor – The firm of E & A Mudge Co. of Danvers, have long been famed for reliable and systematic method of doing business; under which system they have evidently prospered, as we observe a large addition built on to their manufacturing establishment this fall.
     But to make those things more evident and praiseworthy, they have been willing to show those in their employ, that they appreciate their services, and value them as all good employers do value those who do their labor.
     When New Year’s Day came, that good old custom struck their minds – a token of respect to those we employ.  Consequently, about $150 was distributed in the establishment, which made all hands rejoice at such good features in their employers.
 As the poet has told us, ‘Kind words never die,’ the female portion of their help thought kind action should not. So on last Wednesday evening, they contrived in a kind of surprise party manner, to provide a handsome supper in the establishment, and invited the employed and the employers to join them in consuming the substantials, after which a good sociable time was spent, and all felt the harmony and kindness their employers had created among them.
     As I believe such examples are worth imitating, I thought I would trouble you to bring it before the public, as they may be reminded in this locality it is time to begin.
       Yours very truly, 
         HOPE”

South Danvers Wizard, 2/3/1864, p. 2/2
MASSACHUSETTS CREDIT – “Five hundred thousand dollars of the Coast Defence  scrip of Massachusetts has been taken by George Peabody, of London, at $110.”

South Danvers Wizard, 4/13/1864, p. 2/4
TANNING AND CURRYING – “This business still continues prosperous in our town, and there is much of it being done notwithstanding the strike among the workmen.  The strikers are gradually falling back into their old places, or going into other business, so that street idlers are getting much more rare.  One result has followed from the strikes which is quite noticeable, and is this: there has been a very large accusation of American workmen to the currying business to fill the places vacated by foreigners.”

South Danvers Wizard, 4/27/1864, p. 2/1
EDITORIAL ITEMS [Editorial] – “Wall Street went into hysteria last week over the decline in Stocks.  The bears were rampant and the bulls crestfallen.  The depression proved to be a panic instead of a crash.  This latter crisis has not yet come.  When it is to come we don’t know, though we notice from our exchanges that it has become very popular to prophesy its coming.”

South Danvers Wizard, 5/11/1864, p. 2/1
IMPROVEMENTS – “We learn that the enterprising firm of W. M. Jacobs & Son contemplate erecting a large Morocco Factory, the better to accommodate their increasing business.  It is to be erected on the old Shove estate, opposite the Danvers Bank, and will be a building about 150 feet long by 40 wide, and four stories high.  Their present manufacturing premises, although extensive, are much dilapidated, and, in consequence of the late boiler explosion, have become unsuitable for their manufacturing.  The business of this respectable firm gives employment to many persons and the whole town is interested in its continued prosperity.
     We understand that the proposed plan of improvement will necessitate the removal of some of the buildings now on the ground.
     It is worthy of remark, as a coincidence, that the senior partner of the firm was formerly an apprentice to the late Squire Shove, the former owner of the estate, and used to work on the very spot where the new establishment is to be erected.”

South Danvers Wizard, 6/15/1864, p. 2/4
THE CURRENCY – “The disturbance of the currency, occasioned by the large issues of government paper in consequence of the war in which we are engaged, affects the community very unequally, giving prosperity and large profits to the business men, while labor of all kinds suffers from the high cost of living.  This, in some measure, has a remedy in a nominal increase of wages to the laborer and the artisan….”