58 



BACON, JOEL S. 



BANKS OF THE UNITED STATES. 



B 



BACON, JOEL S., D. D., a Baptist clergy- 

 mnn, professor, and college president, born in 

 Cayuga County, N. Y., in 1801 ; died at Kich- 

 inond, Va., November 9, 1869. Prior to his 

 entering upon his collegiate course, he was en- 

 gaged for some time in teaching in Amelia 

 County, Va. In 1826 he graduated with the 

 highest honors, at Hamilton College, Clinton, 

 N. Y., after which he was employed as a clas- 

 sical teacher, at Princeton, N. J. In 1831 he 

 graduated at the Newton Theological Institu- 

 tion, and, about that time, having been elected 

 to the presidency of Georgetown College, Ky., 

 he accepted the position, but resigned it after a 

 period of two years, and subsequently was, 

 for the same length of time, pastor of the 

 Baptist Church, in Lynn, Mass. From 1834 to 

 1837 he was professor in the institution at 

 Hamilton, N. Y., now Madison University. 

 After his resignation there, he was engaged for 

 a time as agent for Indian missions, his concil- 

 iatory course with the Indians rendering im- 

 portant service. In 1843 he became president 

 of Columbian College, Washington, D. C. ; 

 which office he held for eleven years, resigning 

 in 1854. In 1845 he received the degree of 

 D. D. from his alma mater. After leaving 

 Washington, Dr. Bacon was devoted to teach- 

 ing in female seminaries. For two years 

 he was at the head of an institution in Tusca- 

 loosa, Ala. In 1859 he became established at 

 Warrenton, Va., where he remained during 

 and after the war, until about two years prior 

 to his death. For some time after leaving 

 Warrenton, he was devoted to the self-sacrifi- 

 cing labor of travelling through the Southern 

 States, as agent of the American and Foreign 

 Bible Society, addressing the colored people 

 on the importance of Sabbath-school educa- 

 tion and the study of the Bible. 



As a student, Dr. Bacon was possessed of 

 a quick and clear apprehension ; acquiring with 

 great readiness valuable information, both from 

 men and books. As a teacher, he had an 

 aptness and fertility of illustration which made 

 him a favorite in the lecture-room. As a 

 preacher, he was earnest and practical. As a 

 man, he was remarkable for urbanity, courtesy, 

 and charity ; always taking moderate views in 

 controversy, appreciating the truth partially 

 held by different minds, and never becoming a 

 partisan, or even a leader in new organizations. 

 During the late civil war, he had the entire 

 confidence of the adherents of both sections, 

 whose armies were alternately occupying the 

 town where he resided. Dr. Bacon's versatil- 

 ity of mind caused frequent changes in his 

 public life; but in every position his genial 

 spirit and sprightly conversational powers won 

 him warm friends. 



BADEN, a gfand-duchy in South Germany. 



Grand-duke, Friedrich, born September 9, 

 1826 ; succeeded his father Leopold, as regent, 

 April 24, 1852; assumed the title of grand- 

 duke September 5, 1856. Area, 5,912 square 

 miles ; population, according to the census of 

 1867, 1,434,970,* of whom 931,000, or 64.9 

 per cent, (against 65.1 per cent, in 1864) were 

 Koman Catholics, and 475,918 Protestants. 



The town population of the grand-duchy is 

 as follows : 



Three towns with more than 20,000 inhabitants, together, 



with 86,813, 6.1 per cent, of total population. 

 Three towns with more than 10,000 inhabitants, and less 



than 20,000, together with 45,470, 8.1 per cent. 

 Eight towns with more than 5,000 inhabitants, and less 



than 10,000, together, with 57,819, 4.3 per cent. 

 Three towns with more than 4,000 inhabitants, and less 



than 5,000, together, with 13,424, 0.9 per cent. 

 Nineteen towns with more than 3,000 inhabitants, and less 



than 4,000, together, with 62,950, 4.4 per cent t 

 Sixty-nine towns with more than 2,000 inhabitants, and 



less than 3,000, together, with 162,295, 11.3 per cent. 

 Total one hundred and five towns with more than 2,000 



inhabitants, together with 428,470, 29.0 per cent. 



The public debtf on January 1, 1869, 

 amounted to 31,285,201 florins ; besides which 

 there was a railroad debt of 107,560,330 florins. 



The Grand-duke of Baden, several times 

 in the course of the year 1869, declared his 

 sympathy with the union movement going 

 on in Germany, and his wish to see Baden 

 euter the North-German Confederation. In 

 a letter to the Minister of State, Jolly, he 

 stated the task of his reign to be the develop- 

 ment of a free public life on the safe basis of 

 mental culture, and a courageous sympathy 

 with the national regeneration of Germany. 

 He expressed himself with a little more reserve 

 on opening the chambers of the grand-duchy in 

 September. The policy of the Grand-duke 

 found a hearty support from the majority of 

 both Chambers. In the first Chamber, the op- 

 position numbered only six out of thirty-one 

 members ; in the second, nine out of sixty-two 

 deputies. 



BANKS OF THE UNITED STATES. The 

 banking movement of the year 1869, through- 

 out the United States, has been marked by 

 no important changes, or fluctuations, or 

 reverses. The aggregate banking loans of 

 the three leading Atlantic cities have reached 

 $440,000,000, and, at one period, were $396,- 

 000,000 a difference of about 10 per cent. 

 The following tables illustrate fully the bank- 

 ing movements of the United States and Great 

 Britain for a series of years. 



* The total population here given is what the official ac- 

 counts call the " actual " (" faktische ") population, while 

 the figure (1,438,872) given in the AMERICAN ANNUAL CY- 

 CLOPEDIA for 1868, is designated as the " Customs Union 

 Enumeration" (" Zollveremsabrechnungs ") population. 

 In the same volume of the CYCLOPAEDIA some fuller state- 

 ments are given of the ecclesiastical statistics and of the 

 large towns. 



t For further financial and military statistics, see AMER- 

 ICAN ANNUAL CYCLOPEDIA for 1868. 



