Michigan Financiering and the Bank Specie Coin Hoax
A critique of the 1830s Michigan banking boom describes Alpheus Telch, then bank commissioner and future senator, exposing a bank coin hoax. In a farcical investigation, antique gold pieces appeared in many banks, with Telch deducing a broader racket as he probes the institutions and staff, ending with a dramatic pursuit of ghost gold across the region. The piece pivots to a political defense of public works funding in the territory's future.
MENTIONED IN THIS ARTICLE
Michigan
Vallambrosa
Alpheus Telch
United States
Detroit
Bank No. 1
Bank No. 2
Na F
Cormmissioner Feleh
Cha Npman
Jesser Fry
Bankery
Roderick
Wisconsin
Rock River
Lake ‘Winnebago
Tntena
FBI
Banke
Green Bay
Thare
Bank Commissioner Felch and the constitutional challenge
The text portrays threats against Bank Commissioner Felch over bank dealings, his role on the state supreme bench, and a debate on internal improvements and state debt. It recounts banks, gold, and railroad plans, arguing for or against state borrowing powers and the legality of financial actions impacting public works. Strong entities include Felch, Wisconsin banks, and Detroit.
MENTIONED IN THIS ARTICLE
Fon du Lac
Dodge
Columbia
Jersome
Michigan
Milwaukee
Watertown
Port Washington
Wisconsin
Detroit
Dave
Debate on Internal Improvements and State Debt Policy
Wisconsin convention debate discusses authorizing state debt for internal improvements. Speaker argues against bonds, cites 1848 Madison Racine Milwaukee road questions, and defends existing constitutional debt limit. Bible Society annual meeting announced with address by William Dutcher.
MENTIONED IN THIS ARTICLE
The
Watertown Bible Society
Methodist Church
Goelock
P.M
WM. Dutcher
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