Dwyer, Gerald P. 1996. "Wildcat Banking, Banking Panics, and Free Banking in the United States." Federal Reserve Bank of Atlanta Economic Review, 81: 3-6 (December): pp. 1-20. 2: In an examination report for Jackson County Bank in Michigan in 1838 stated: "Beneath the counter of the bank. Nine boxes are pointed out by the teller, as containing one thousand dollars each. The teller selected one of the boxes and opened it: this was examined and appeared to he a full box of American half dollars. One of the commissioners then selected a box, which he opened, and found the same to contain a superficies only of silver. While the remaining portion consisted of lead and ten penny nails. The commissioner then proceeded to open the remaining seven boxes: they presented the same contents precisely, with a single exception, in which the substratum was window glass broken into small pieces."
-- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
