Andrew Jackson And the Bank of the United States

Cover Andrew Jackson And the Bank of the United States
Andrew Jackson And the Bank of the United States
Royall, William Lawrence, 1844-1911
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Stat e banks of is sue, cha rtered^ by^e Legislatur es of the d ifferent States, had sprung^up^t everv-cross-roads^ all ov ^r the Union , Perceiving how easy it was to swindle and commit larceny under the Digitized by Google BANK OF THE UNITED STA TES, 35 pleasing and bewildering phrase, "issuing paper cur- rency," whoever could raise capital enough to buy a sufficient quantity of lamp-black and rags, procured a charter for a State bank, and commenced the profitable business of printing and cir...culating paper money.
That great red harlot, the Bank of the United States, was crippled, but she was not dead yet; nor had the hope of forcing Congress to re-charter and re-establish her as the money power of the land deserted her.
lu miing that she would be unable to force a r^ -charter_^ hp fofp fh f- pvpirafiQp n f her charter in 18^6, in that ye ar s he tran^ fp«-rf>H Vi^rt^f^jf ov er^ body and breeches, in to the Penns ylvania Bank of t he United States, under a c harter gfranted b y ^^^ ^^gi^latlir^ of Pennsy lvania.


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