Illustrated History of the United States Mint With a Complete Description of American Coinage, From the Earliest Period to the Present Time

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He and his brother, Henry M. Knox, established a banking house at St. Paul, Minnesota, in 1857, shortly before that State was admitted into the Union.
The first steamboat launched on the Red River of the North, establishing a most important communication for the business interests of Minnesota, was transported in the dead of winter across country on runners, from Sauk Rapids to Breckenridge, and Mr. Knox was one of the few who paid the expenses of the enterprise.
In the financial discussions wh
...ich preceded the establish- ment of the National banks, Mr. Knox took a prominent part, and made many valuable suggestions on the currency question.
He advocated a safe and convertible currency, the issue of a uniform series of circulating notes to all the banks, and the guarantee by the Government of circulation secured by its own bonds.
In 1862 he was introduced to Secretary Chase and the Hon.
Hugh McCulloch, then Comptroller of the currency. The at- tention of the Secretary had previously been attracted to the financial articles of Mr.


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