COOKE, JAY
\kˈʊk], \kˈʊk], \k_ˈʊ_k]\
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Born in 1821, established the banking firm of Jay Cooke & Co., at Philadelphia, in 1861, which was the agent of the United States for the war loans during the Civil War. Its failure on September 19, 1873 ("Black Friday"), began the panic of that year.
By John Franklin Jameson
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ASSESSED VALUATION
- This term applies to the precise value of property upon which taxes need be paid.