May 4, 1893 Thursday
May 4 Thursday – The Panic of 1893 got into high (or maybe more appropriately, low) gear with a severe contraction of the New York Stock Exchange May 3 and 4. Financial reverses would worsen, ultimately forcing the downfall of Webster & Co., as well as the Paige typesetter. From the N.Y. Times, p.10, “Financial and Commercial”:
VERY NEARLY A PANIC ON THE NEW-YORK STOCK EXCHANGE
Wednesday, May 3 — P.M.