175 years ago today - Jan 1, 1837

[General] Oliver Cowdery arrives in Kirtland with plates to print banknotes the same day that Orson Hyde arrives with news that the Ohio Legislature would not grant a charter for a bank to issue paper money. The leaders go ahead with the banking enterprise anyway. Overprinting the notes, they renamed the institution an "anti-banking" company on the assumption that if they could not operate a bank, they could well run an anti-bank.

[Source: Advent Adam website (defunct) - based on http://amzn.to/originsofpower]

No comments:

Post a Comment

Please Enter your Comment: