Louis Huning Accounts Receivable Journal, 1892-1896
File — Box: 33
Scope and Contents
Documents the period during which Louis Huning suffered a reported $25,000 loss on an investment in a herd of cattle. 1893 marked the first year of a seven year drought cycle in New Mexico and it is reported that Louis Huning was unable to feed the herd on a sub-irrigated pasture along the Rio Puerco as planned. Unable to find sufficient pasture to support the herd, he made a decision to ship to market. In a price drop no doubt precipitated by the financial Panic of 1893, the herd brought less at market than the transportation cost. Having paid brother Henry $50,000 at the time of the division their enterprise in 1888 and purchased the cattle with funds lent by an eastern bank, Louis Huning was forced to liquidate property and reduce the mercantile operation to a trickle. He managed to hang onto enough so that his widow, Henrika, was able to re-open the Huning Mercantile Co. following his death in partnership with her son, Fred Huning, and son-in-law, Walter Connell.
Dates
- 1892-1896
Language of Materials
From the Collection:
English
Access Restrictions
The collection is open for research.
Extent
From the Collection: 45 boxes (34.66 cu. ft.) + 14 microfilm reels
Repository Details
Part of the UNM Center for Southwest Research & Special Collections Repository
Contact:
University of New Mexico Center for Southwest Research & Special Collections
University Libraries, MSC05 3020
1 University of New Mexico
Albuquerque NM 87131
505-277-6451
cswrref@unm.edu
University of New Mexico Center for Southwest Research & Special Collections
University Libraries, MSC05 3020
1 University of New Mexico
Albuquerque NM 87131
505-277-6451
cswrref@unm.edu