Sub Treasuries Proposed to Replace Bank Agency
The essay outlines a plan for a nationwide Sub Treasury system in place of the United States Bank and depository banks. It argues forty-two banks plus fourteen branches across fifty-seven depositories would be replaced by seven principal Sub Treasuries in major cities, detailing roles, salaries, and safeguards. It emphasizes low overall costs, simpler operations, and tighter oversight with regular, frequent examinations and transparent accounting.
MENTIONED IN THIS ARTICLE
Sub Treasury
Sub-Treasury
United States Bank
Portland
Portsmouth
Boston
Salem
Burlington
Hartford
New London
New Haven
Middletown
Newport
Providence
Bristol
Albany
New York
Philadelphia
Harrisburg
New Castle
Baltimore
Washington
Richmond
Petersburg
Norfolk
Fredericksburg
Lynchburg
Charleston
Savannah
Augusta
Mobile
New Orleans
Pittsburg
Cincinnati
Louisville
Nashville
Natchez
Detroit
St. Louis
United States
Treasury
Union
Custom House
Bank of the Metropolis
Bank of
Sub-Treasuries
Bank of the United States
Secretary of the Treasury
Democracy vs Federalism in Ohio banking debate
A political tract argues that the constitution demands equal laws and condemns monopolies and biased legislation. It accuses Federalists of advancing banks and partial laws, contrasts Democrats and Federalists on the Kelley Bank Bill, and urges electing anti monopoly reformers to curb corporate power in Ohio and the nation.
MENTIONED IN THIS ARTICLE
America
Republican Party
Ohio
Memocrat
Federal
Democratic Party
House of Representatives
Journal of the
Yeas
Banking Reform and a Class of Bank Privilege
A communication to Messrs. Armstrong Hanlon and Gowan argues the current banking system concentrates money in private corporations, invites speculative risk, and lacks specie backing. It urges phasing out small notes, potentially banning notes under twenty dollars, and making stockholders fully liable for bank debts to curb risk and protect the public.
MENTIONED IN THIS ARTICLE
David Cable
JW. Armstrong
Thomas Hanlon
David M Gowan
Beelzebub
Reform of Banks and Specie Circulation
The writers argue for reforming Banks to eliminate exclusive specie circulation, claiming the sun would be satisfied with Banks if reformed and the government would sever ties. They assert exclusive specie circulation is preferable to the current system, urging adherence to reform. Benjamn Tappan and Samuel McNary sign the letter.
MENTIONED IN THIS ARTICLE
Benjamin Tappan
Samuel McNary
Fraudulent five dollar notes alarm Philadelphia banks
A letter from Philadelphia dated July 8 1837 condemns banks issuing five dollar certificates that promise to be accepted for deposits or debts. The writer warns such currency could replace lawful paper and cites a certificate from Commercial Bank of Pennsylvania dated July 4 1837. He questions how long the public will tolerate these acts.
MENTIONED IN THIS ARTICLE
Hiladelphia
Commercial Bank of Pennsylvania
Philadelphia
J. Dundas
Quicksilver Power in Steamers and a Lord’s Secret
The London Herald cites a half hour steamer between London and Westminster bridges emitting no smoke by quicksilver power. The New York Era notes Lord Cochran Lord Dundonwald expanded quicksilver by heat for machinery, piloting an eight hundred ton vessel to the Mediterranean and back, though he kept the method secret.
MENTIONED IN THIS ARTICLE
London
Westminster
London Herald
New York
Lord Cochran
Lord Dundonwald
Mediterranean
Pennsylvania Sentinel
The Rich and The Poor in Socratic Dialogue
Xenophon recounts a Socratic scene with Euthedemus who claims to know much and to be superior. Socrates asks who is rich or poor and defines rich as those who have more than they need, and poor as those unable to cover necessary expenses. The exchange ends with Euthedemus conceding uncertainty about his own knowledge.
MENTIONED IN THIS ARTICLE
Bronson
Hubbard
Trenton
Xenophon
Sicrates
Euthedemus
Athens
Socrates
Euthemedas
Euphemedus
Also Mentioned on This Page
Auervican
Wition
WM. M. Gouge
Orm
The
Ohio Statesman
Hawk Eye
Journal of the House of Representatives
House
Committee On Banks
General Assembly
Messrs
Allen
Tuscarawas
Atkinson
Carey
Chambers
Clark
Huron
Gallia
Curry
Davis
Ford
Grubber
Harrison
Hays
Hildreth
Hollister
Hughes
Hunt
Jameson
Jones
Kelly
Knapp
McNutt
Newell
Newton
Perkins
Quinby
Reece
Rockwell
Scoville
Shreeve
Truston
Weacasbanes
Messrs. Allen
Delaware
Ankenny
Armstrong
Columbiana
Hamilton
Aten
Brown
Perry
Caldwell
Concklin
Coulter
Craighead
Creswell
Graybill
Holmes
Humphreys
Ihrig
Lee
Loudon
Millikin
Shane
Trevitt
Utter
van Hook
Wise
Weir
Whitmore
Speaker
Dr. Hubbard
People’s Representatives
Federal Party
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!