Enquiry into the Principles of the American Banking System
A 1828 stockholders address by WM Goode examines 544 banks with 144 bankruptcies and 50 suspensions. It details state bank counts, capital sums, and the shift from specie to bank paper, arguing banking vibrations harm commerce, wages, and farmers. It cites Jefferson, Publicola, and a New York legislative committee on money power and the danger of bank-induced aristocracy.
MENTIONED IN THIS ARTICLE
Wm.f.gouge
United States Bank
N. Biddle
England
Jefferson
Cerberus
Banka
Ask
Europe
Great Britain
Grace Bank
Canute
New York
Victias
Neong
John White
Baltimore
the Treasury
United States
Savannah
Charleston
New Orleans
Rhode Island
North Carolina
New England
Georgia
White
Legislature Rejects Five Dollar Note-Issue Bill
The Legislature of New Hampshire refused by a large majority to pass a bill authorising the banks of the state to issue notes under five dollars.
MENTIONED IN THIS ARTICLE
N. Hampshire
Declining Supreme Court Appointment by William Smith
William Smith of Fronts ill declines a United States Supreme Court associate justice appointment offered by the President and Senate in 1837. He cites personal industry and finances, respects for Andrew Jackson, and concern over political clashes harming judicial integrity, preferring to remain in private life.
MENTIONED IN THIS ARTICLE
Supreme Court of the United States
Senate
Congress
Jay
Ratledge
Ellsworth
Marshall
Talso
General Jackson
Jackson
William Smith
Frontsville
Governor Clarke declines Kentucky legislature convening
Gov Clarke of Kentucky answers Louisville citizens resolutions urging an immediate convention of the state legislature to address national embarrassments. He decides against convening, arguing it would erode confidence in banks and in the State Government, per Cincinnati Republic.
MENTIONED IN THIS ARTICLE
Gov. Clarke
Kentucky
Louisville
Cin
Banking notes in New Orleans spark premium debate
The Cincinnati Republican reports that Specee veiled in New Orleans and discusses premiums on Louisiana and United States bank notes. It notes Louisiana notes at twenty percent below par while U S notes trade eight percent above, creating a twelve percent gap below par. It explains 100 Louisiana notes cost $80 in specie versus $88 in metal for $100 U S notes.
MENTIONED IN THIS ARTICLE
New Orleans
Evtal
Cassi
United States
Louisiana
Cincinnati
Republican
Editor challenges Werster wartime stance in journals of Congress
The Commercial Herald editor pledges to prove from Congress journals that Mr Werster opposed the war against Great Britain before hostilities and supported the administration after. The Herald notes a Hartford Convention list to suggest his absence, while many Democrats still believe he attended.
MENTIONED IN THIS ARTICLE
Commercial Herald
Congress
Werster
Great Britain
Hartford
Wesster
Herald
American Sentinel
Whig Joy Over Bank Suspension of Specie Payments
The Whigs celebrate banks suspending specie payments amid praise for the paper currency system. Farmers, mechanics, and laborers favored specie for daily use and feared the paper system, while Whigs argued paper was lighter.
MENTIONED IN THIS ARTICLE
Columbian
Great Whig triumph and paper currency victory
The Whig party across the United States has achieved a decisive triumph on currency. Suspension of specie payments by banks is celebrated, and a national bank is desired to expand paper circulation by fifty to sixty million. Democratic Free Press.
MENTIONED IN THIS ARTICLE
United States
Democratic Free Press
Also Mentioned on This Page
the American Union
Mr. Gallatin
Publicol
Lecaie, Y
Publicola
Jerearrit
Lette
Hiighland
Highlands
Donald
Waterford
Jane
WM. Cable
Jefferson County
Adam J. Leslie
Steubenville
Jefferson County Poor House
Board of
Commists
John Armstrong
A. McMehon
James Turnbull
WM. Roberts
Belle, Moore, & Co
Cadiz
Cambridge
M. Roberts
James Dilion
Sec
OTICE
Asseneth
Wells Township
J. F. Browning
James Dugherty
Jotice
E. Steele
Catharine
James McKenney
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