Treatise on Currency and Banking e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. The suspension of specie payments by all the banks in the United States, south of New England, in the year 1814, and of all, with a very few trifling excep tions, in the year 1837, has strongly impressed-the public mind with the belief that there is something defective in the present banking system of this coun try; and it is not, perhaps, venturing too much to assert, that there are now elements at work, which will ultimately overthrow the whole fabric, unless those who have the power to remedy the evil, shall introduce the reforms which can alone render a repe tition of such a calamity impossible.