Wednesday
February 14, 1866
Chicago tribune (Chicago, Ill.) — Cook, Illinois
“Feb 14, 1866: Rothschilds Plot Against America & Other Valentine's Day News”
Art Deco mural for February 14, 1866
Original newspaper scan from February 14, 1866
Original front page — Chicago tribune (Chicago, Ill.) — Click to enlarge
Full-size newspaper scan
What's on the Front Page

The Chicago Tribune's Valentine's Day edition leads with explosive news of an international financial conspiracy targeting American bonds. The State Department has uncovered a plot involving Canadian operatives and European bankers—including the powerful Rothschilds and Hope & Co. of Amsterdam—to create panic in European markets and force a financial crisis in America by flooding home our bonds held abroad. The conspiracy aims to 'prostrate the financial interests of the country,' with one Vernon in Canada serving as the principal conspirator. Meanwhile, Reconstruction tensions dominate domestic politics as Congress debates another constitutional amendment from the Joint Committee on Reconstruction, this one giving Congress sweeping power to protect citizens' rights. General Grant has shuttered the Richmond Examiner newspaper for 'reconstructed treason,' while five men await hanging in Effingham, Illinois for murder. From Mexico comes encouraging news as President Juarez writes that Imperial forces are 'demoralized' and he expects triumph even without U.S. help. The business pages reveal the oil boom's harsh reality: drilling costs have doubled to $10,000 per well while oil prices have halved to just $5 at the wellhead.

Why It Matters

This February 1866 snapshot captures America at a crossroads between war and peace, triumph and uncertainty. Just ten months after Lee's surrender, the nation grapples with Reconstruction's complexities—from constitutional amendments expanding federal power to military suppression of Southern newspapers. The international conspiracy story reflects real anxieties about America's war-weakened finances and European skepticism about the young republic's stability. The oil industry's growing pains mirror the broader economic transition from wartime to peacetime production, while stories from Mexico and Canada show how Civil War tensions still ripple across North American borders. This is America learning to be a unified nation again while asserting its place on the world stage.

Hidden Gems
  • A breach of promise lawsuit in Wilkes-Barre, Pennsylvania awarded an 'attractive lady 33 years of age' named Bradley the full $24,000 she claimed against 'a well-to-do widower of 65 years' named Reynolds
  • The Queen of Spain published an official decree in advance authorizing her husband to immediately grant their unborn child grand crosses of multiple orders—Golden Fleece for a boy, 'the bandeau of the Noble Ladies of Queen Maria Louisa' for a girl
  • St. Louis contracted for a $35,000 expansion of its fire alarm telegraph system with fifty new alarm boxes and forty-five miles of additional wire—the third expansion since the system's 1857 adoption
  • A Connecticut farmer named John D. Hurlburt was mauled by a lion at a Danbury menagerie after the keeper assured him he could safely pet the animal—he was held by the wrist for 'a full minute' until someone struck the lion with a board
  • Vancouver Territory had raised $3,000 in gold to support 'Mercer's female emigration scheme' after their Legislature defeated a special appropriation, with bachelors willing to 'freely advance the entire sum rather than see the enterprise fail'
Fun Facts
  • That financial conspiracy involving the Rothschilds wasn't entirely paranoid—European investors really were skeptical of American bonds, and the Rothschild banking network controlled much of international finance in 1866
  • Pennsylvania's reported 400,500 Civil War soldiers represented nearly 10% of the state's entire population, making it the Union's second-largest contributor after New York
  • The oil price crash described here ($10 to $5 per barrel) was an early preview of the boom-and-bust cycles that would define the petroleum industry for the next century and a half
  • That missing soldier Ambrose Avery who turned up in California had quite the odyssey—transferred from Army to Navy, sailed around Cape Horn, joined a whaling ship, was captured by the Confederate raider Shenandoah in the Arctic, and finally freed at the Sandwich Islands
  • The 'Star line' steamships mentioned in the Panama service story were likely repurposed Civil War vessels, as the federal government was selling off hundreds of ships in 1866
Anxious Reconstruction Politics Federal Politics International Economy Banking Economy Markets Crime Trial
February 13, 1866 February 15, 1866

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