Show Black Many Fridays in Financial Circlet Circles Black Friday does doea not refer to a particular date as often otten supposed butIs butIs but butIs Is the name given to several Fridays on which financial panics have oc oc- Apparently the term was first applied to the Friday In December 1745 when the news was WitS received In London that Charles Edward Stuart the Young Pretender had reached Derby only ten days dayo march from trow the capital A financial panic panle resulted Immediately mack Black l Friday was probably suggested by analogy with Black lack Monday an old name for the Monday following Taster Faster The Th term Black Frida Friday was revived la in England England Eng Eng- land for May 11 1800 when a panic followed tho the failure of the London firm of ot Overend Gurney Co In the United States State the term Is applied to September 24 2 when a panic punic occurred occurred occurred oc oc- as the result of ot Jay Goulds Gould's efforts to corner the gold market In la laNew New York and und to September 10 19 1873 when a panic followed the failure of the banking firm of ot Jay Cook it ok Co Pathfinder Magazine |