Think Freely Media presents Common Sense with Paul Jacob


On July 10, 1832, U.S. President Andrew Jackson vetoed a bill to re-charter the Second Bank of the United States, in effect ending formal central banking in the United States until the establishment of the Federal Reserve in 1913.

The featured image incorporates a bank note from the Second National Bank signed by Daniel Webster.

By: Redactor

1 Comment

  1. Joe Cobb says:

    That is not a “Bank Note.”  That is a Personal Cheque, extremely common and the difference is the check is the same as those today, and a Bank Note is just today what we identify as Federal Reserve Notes (private bank notes having been taxed and eventually made unlawful in the 1930s).  Daniel Webster had a checking account with the B of US.

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