Today in history. August 24

Tells about the Depression of 1857 which occurred after the failure of the Ohio Life Insurance and Trust Company's New York branch on Aug 24, 1857. Gives a history of the "lower counties," a territory awarded to William Penn on Aug. 24, 1682. This land became Delaware, the first state to ratify the new U.S. Constitution.; The panic of 1857 -- William Penn acquires the "lower counties."