Page 19 - John Anderson
P. 19
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that this was the company especially commended by General Grant
for military bearing and excellence of drill.
After High School graduation and a short course in a commercial
college, John Anderson took a position, in the spring of 1873, in the
foreign exchange department of Jay Cooke & Company in New York,
then the leading bankers of the United States. Their failure came in
the fall, precipitating the great panic of 1873. The bank closed
because of being overextended in railroad securities.
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