Access to the full content is only available to members of institutions that have purchased access. If you belong to such an institution, please log in or find out more about how to order.

US Credit and Payments, 1800–1935, Part II

Edited by Ronnie J. Phillips

Published: 2013
DOI: 10.4324/9781848932951
Set ISBN: 9781848932951

Set Contents

Central Banking

Edited by
Ronnie J. Phillips

The focus of this volume is on the development of central banking in the US under the National Banking System (NBS) from 1863 until the creation of the Federal Reserve half a century later. The NBS was important because it created a long-lasting Federal bank chartering and regulating agency, the Office of the Comptroller of the Currency (OCC), and also pioneered the backing of paper currency by Federal government debt as a means to provide a common currency throughout the country that would exchange at its par value. At the same time, the private sector creation of clearing houses was allowed to flourish in order to improve the efficiency of clearing bank drafts and cheques and to aid in periods of panic and financial crisis.

Volume Contents

Front Matter
Introduction
Six Letters on the Necessity and Practicability of a National Currency (1862) By Eleazar Lord
- Overview By Ronnie J. Phillips
- Six Letters on the Necessity and Practicability of a National Currency and the Principles and Measures Essential to It (New York: Anson D. F. Randolph, 1862)
An Examination Into the Prospective Effects of the National Banks (1863) By Anon.
- Overview By Ronnie J. Phillips
- An Examination into the Prospective Effects of the National Banks upon the Public Welfare (New York, 1863)
Some Strictures on an Act to Provide A National Currency (1863) By Waldo Flint
- Overview By Ronnie J. Phillips
- Some Strictures on an Act to Provide a National Currency, Secured by a Pledge of United States Stocks; and to Provide for the Circulation and Redemption Thereof (Boston, MA, 1863)
Letters on the Proposed United States Banking System from the New York Commercial Advertiser, 21 June 1862 and 11 April 1864 By James Gallatin
- Overview By Ronnie J. Phillips
- Letters on the Proposed United States Banking System and Further Issues of Legal Tender, from the New York Commercial Advertiser, 21 June 1862 and 11 April 1864
‘The National Banks: Down With The Banks – Greenbacks Forever’ reprinted from Hines Quarterly (April 1869) By Anon.
- Overview By Ronnie J. Phillips
- ‘The National Banks: Down with the Banks – Greenbacks Forever’, reprinted from Hines Quarterly (April 1869)
National Banking (1879) By Moses Lewis Scudder
- Overview By Ronnie J. Phillips
- National Banking: A Discussion of the Merits of the Present System (New York: G. P. Putnam’s Sons, 1879)
Private History (1879) By Silas M. Stilwell
- Overview By Ronnie J. Phillips
- Private History of the Origin and Purpose of the National Banking Law and System of Organized Credits for the United States (New York: Trow’s Printing and Bookbinding Co., 1879)
National Banks (1882) By Thomas Kinsella
- Overview By Ronnie J. Phillips
- National Banks: What shall be Substituted for them? An Address on Currency Reform (Brooklyn, NY, 1882)
Whither are we Drifting as a Nation? (1882) By Freeman O. Willey
- Overview By Ronnie J. Phillips
- Whither are we Drifting as a Nation? (St Louis: George C. Hackstaff, printer, 1882)
A Graded Banking System (1898), excerpts By Theodore P. Gilman
- Overview By Ronnie J. Phillips
- A Graded Banking System (Boston, MA and New York: Houghton Mifflin, 1898), chs 1–2, pp. 1–13; and ch. 10, pp. 96–151
‘The Financial Reports of National Banks as a Means of Public Control’ (1904) By Franklin Albert Cleveland
- Overview By Ronnie J. Phillips
- ‘The Financial Reports of National Banks as a Means of Public Control’, Annals of the American Academy of Political and Social Science, 24 (July 1904), pp. 45–66
The Bank and the Treasury (1908), excerpts By Franklin Albert Cleveland
- Overview By Ronnie J. Phillips
- The Bank and the Treasury (New York: Longmans, Green and Co. 1908), ch. 4, pp. 41–53; ch. 9, pp. 113–26; and ch. 17, pp. 237–58
  - IV
    
    Credit-Money and the National Bank
  - IX
    
    Character of Assets That May be Safely Held by Banks as “Invested-Reserves”
  - XVII
    
    Superior Possibilities of the American Financial System for Adapting Current Funds to Current Needs
Practical Problems in Banking and Currency (1907), excerpts Edited by Walter Henry Hull
- Overview By Ronnie J. Phillips
- Practical Problems in Banking and Currency: Being a Number of Selected Addresses Delivered in Recent Years by Prominent Bankers, Financiers and Economists (London: Macmillan Company, 1907), pp. 149–62, 314–25 and 344–59
  - Insuring the Deposits in National Banks By John Schuette
  - Gold Reserve National Bank Notes By William B. Ridgley
  - Proposed Changes in Our Banking Laws By Charles G. Dawes
‘The Federal Reserve Bank Bill’ (1913–14) By Robert L. Owen
- Overview By Ronnie J. Phillips
- ‘The Federal Reserve Bank Bill’, Proceedings of the Academy of Political Science in the City of New York 1913–1914 (New York: Academy of Political Science, Columbia University, 1913–14), vol. 4, pp. 1–11
‘Clearing-House and Domestic Exchange Functions of the Federal Reserve Bank’ (1913–14) By Joseph T. Talbert
- Overview By Ronnie J. Phillips
- ‘Clearing-House and Domestic Exchange Functions of the Federal Reserve Bank’, Proceedings of the Academy of Political Science (New York: Academy of Political Science, Columbia University, 1913–14), vol. 4, pp. 192–212
Back Matter