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Currency and small notes sparks in Congress debate
In a lengthy congressional dialogue, proponents argue against small note circulation, urging retention of a stable currency policy. They cite Webster, Adam Smith, and British practice to support prohibiting notes under five pounds and warn of the dangers of fiat money undermining labor and industry.
MENTIONED IN THIS ARTICLE
Virginia
Maryland
Louisana
Congress
Ross
Worthington
Speaker
Daniel
Fanny Wright
Webster
Philadelphia
Condy Raguet
England
Bank of
Cirealeten
United States
Pennsylvania
Senate of the
Rives
Adam Smith
Parliament
Great Britain
Europe
Bank of England
Lord Liverpool
Robinson
the Treas
Liverpool
Peel
Canning
Huskissoon
Brougham
Wellington
Albert Gallatin
Jackson