TAILIEUCHUNG - a history of money from ad 800 phần 7

Những người ủng hộ chính của trường tiền tệ được Samuel Jones Loyd (sau này là Chúa Overstone), George Warde Norman và Robert Torrens. Họ cho rằng tiền có nguồn gốc, và nên lấy được giá trị của nó, từ kim loại. | A HISTORY OF MONEY 179 reduce its note issue. The private banks instead of following issued fifty per cent more notes than before . There was a great failure in Ireland presumably the Agricultural Bank Barrow 1975 136 . The Independent Treasury The United States government was still without proper banking arrangements. President Van Buren summoned Congress on 4 September 1837 and stated it is apparent that the events of the last few months have greatly Augmented the desire long existing among the people of the United States to separate the fiscal operations of the Government from those of individuals and corporations. Congress considered three schemes a new National Bank continuing the deposit system established on 23 June 1836 and the Independent Treasury. This had originally been proposed by Senator Gordon in 1834 and was revived by Senator Silas Wright of New York. It was supported by Gouge 1837 who reckoned that thirty-six depositories would be needed and that the cost would be 101 600 less than the banks were charging. He put forward in support of his case two decidedly odd and unconvincing arguments there was less risk from robbery as thieves would be able to carry little of the heavy metal and that the system would decrease executive patronage Kinley 1910 38-9 . Daniel Webster and Albert Gallatin opposed the plan. It was impossible they said to separate public and private finance. To insist on specie payment while the government hoarded gold and silver would be a deflationary attack on the credit system. As Webster said on 12 March 1838 The use of money is in the exchange. It is designed to circulate not to be hoarded. To keep it that is to detain a conception belonging to barbarous times and barbarous governments Webster Senate speech 1838 . After a long political battle the Bill to introduce the Independent Treasury was passed on 30 June 1840 Doc. Hist. vol. ii 177 . From that date one quarter of government dues had to be paid in specie .

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