bray hammond, who worked for the fed. big promoter of the 2d bank of the us.
On Sat, Oct 25, 2008 at 09:50:15AM -0700, Eugene Coyle wrote: > There was a popular book on the history of banking, published around 1959 > called "A History of Banks and Banking in the United States from the > Revolution to the Civil War" or something close to that. It won a prize -- > I think the author was Hammond but not sure of the memory. Banks used to > print up bank notes and ship them by wagon to some far off state, hoping > they would never come back to be redeemed for anything. Publishers put out > reports of what a particular bank's notes were really worth. A merchant > needed those reports before turning over goods in exchange for paper money. > > I liked the book a lot at the time -- I think I'll look for it and > check > my evaluation. > > Gene Coyle > > > On Oct 24, 2008, at 2:26 PM, Laurence Shute wrote: > >> Michael et. al., >> >> My great-grandfather, John S. Shute -- owner of the Shute Bank in >> Hillsboro, Oregon -- is said to have done a similar thing with bags of >> lead slugs prominently displayed behind the counter. "See, we've got lots >> of money." I wonder how common this sort of thing was. >> >> Larry Shute >> >> Michael Perelman wrote: >>> 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." >> >> _______________________________________________ >> pen-l mailing list >> [email protected] >> https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- 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
