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Independent Treasury argued against by New Yorker editorial
The New Yorker reviews President Jackson’s Independent Treasury plan, challenging its safety and citing bank losses, public embezzlement cases, and foreign practices. It argues specie concentration would curb currency, harm credit, and press distrust on federal finances. The piece predicts the measure’s passage but doubts its practical enforcement and warns of economic harm.
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United States
Plan of National Finance
Independent
Subd- Treasury
Treasury
S'o
Swartwout
New Orleans
Plattsburg
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Worcester
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Europe
America
Jackson
Impo
France
Russia
United States Bank
Biddle
New- Yorker
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Ous
Bank of England
Three Kingdoms