To find the authority for any statement in the text, the reader is to proceed as follows:—Observing the number of the section in which the statement occurs, he will first look out, in the following pages, the corresponding number, which is printed in conspicuous type.

CURRENCY & BANKING

A

TREATISE

ON

CURRENCY & BANKING

BY

CONDY RAGUET

2nd Edition

[1840]

Reprints of Economic Classics

Augustus M. Kelley Publishers

New York / 1967

First Edition 1839

Second Edition 1840

( Philadelphia: Grigg & Elliot, 1840 )

Reprinted 1966 by
Augustus M. Kelley • Publishers

Library of Congress Catalogue Card Number 65-26375

PRINTED IN THE UNITED STATES OF AMERICA
by SENTRY PRESS, NEW YORK, N. Y. 10019

A TREATISE

ON

CURRENCY AND BANKING.

___________

BY

CONDY RAGUET, LL.D.,

MEMBER OF THE AMERICAN PHILOSOPHICAL SOCIETY; PRESIDENT OF THE CHAMBER OF COMMERCE OF PHILADELPHIA; LATE CHARGE D’AFFAIRES OP THE UNITED STATES AT THE COURT OP BRAZIL, AND AUTHOR OF “THE PRINCIPLES OF FREE TRADE ILLUSTRATED.”

___________

Entered, according to act of congress, in the year 1839,

BY CONDY RAGUET,

In the office of the clerk of the District Court of the Eastern District

of Pennsylvania.

TO

CLEMENT C. BIDDLE, ESQ.

AS A MARK OF RESPECT,

DUE TO AN ENLIGHTENED POLITICAL ECONOMIST, AND

AS A TESTIMONIAL OF A FRIENDSHIP,

COMMENCED IN CHILDHOOD, CONTINUED WITHOUT INTERRUPTION FOR MORE THAN FORTY YEARS, AND STRENGTHENED BY A HARMONY OF OPINION ON MOST OF THE POLITICAL SUBJECTS THAT HAVE OF LATE DIVIDED THE PEOPLE OF THE

UNITED STATES,

AND ESPECIALLY ON THOSE OF

CURRENCY AND BANKING,

————

THE stoppage of specie payments referred to above, in 1814, commenced in Baltimore about the 27th of August, soon after the battle of Bladensburgh and the capture of Washington, which events took place on the 24th of that month, and was followed by Philadelphia on the 30th, and by New York on the 1st of September. A general resumption took place on the 20th of February, 1817.