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American Union in Morgantown, West Virginia

04 May 1841

Page 2

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American Union May 4, 1841 Page 2 old newspaper archives

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

American Union

Location

Morgantown, West Virginia, United States of America

Date

May 04, 1841

Page

2

Bank Charters and the Power to Create Money Debate

A district debate criticizes bank charters and the power of Congress to regulate currency. It contrasts laborers earning money with bankers who can create paper money through stock subscriptions and argues for liability equality, warning that exclusive privileges distort justice and threaten public welfare.

MENTIONED IN THIS ARTICLE

Congress Villany United States Moses Eensie Pere Giese Iim Maryland Mr. Merrick Havre Berger Tome St. Croix Sabine Senate
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Banks in District face charter repeal debate amid scrutiny

A speech argues that banking returns rely on public credit and that extending bank charters distorts currency. Proposes publishing stockholder names, banning notes under twenty dollars, and severe penalties to curb fraudulent banking while replacing charters with stricter oversight.

MENTIONED IN THIS ARTICLE

Senate Stephen Girard Astor Bret Aeiaere
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Baby Aseneralint Chesapeake and Ohio Canal Company United States Bank Lewes Robespierre France Bank of the United States House of Representatives Alabama Ieee Hopton
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