Governor Seeks Stable Currency to Protect Liberty
The governor argues for a stable gold and silver basis, criticizing inflationary paper money and the bank system. He warns that excessive credit, bank expansions, and suspensions harm labor, exports, and public liberty, urging independent treasury measures and restraint on banks. He condemns a United States Bank as dangerous to democracy and proposes policy to fix the currency.
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Senate
House of Representatives
Ree
United States
Times
Europe
Lee Howe
United States’ Bank
Bank of the
the Times
The Independent Treasury and Banking Reform Debate
The discourse argues that a fiat paper currency reduces demand for precious metals, while coin-backed funds would spread gold and silver through the economy. It condemns bank fraud risk from limited liability, urges higher stockholder liability, warns against a United States Bank, and questions a state bank given national debt and drain of specie.
MENTIONED IN THIS ARTICLE
Treasury
United States Bank
Union
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Banke
Enke
Ohio
Bank
U. States
Pennsylvania
United State
Treasury Law
England
New York
Ger
Owe Becke