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To: Pelham

I know what bank note reporters were. Dillisten’s was the best. Again, apparently in Washington Hugh McCulloch thought counterfeiting was a problem, but in hundreds of bankers’ correspondences, internal documents (not public as you suggest), and other INTERNAL (I repeat that since you keep missing it) not one banker, anywhere, complained about counterfeiting of their notes.

I suspect-—again, since you don’t know the history-—that the person who wrote the US government website, probably a MA with a degree in European history-—conflated Greenbacks with national bank notes.

Of course, the problem at the time was deflation. If there was massive counterfeiting, there would be inflation. And yes, some northern states like Rhode Island had “shinplasters,” though they weren’t the worst offenders. But since you rely on a couple of websites rather than actually reading the history, you wouldn’t know that.

Feel free to continue posting your little newspaper articles and US government nonsense. I can give you a dozen sources if you are really interested, but clearly you know it all.


69 posted on 02/12/2016 5:32:26 AM PST by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: LS
"but clearly you know it all."

That's an amusing bit of irony.

"Feel free to continue posting your little newspaper articles and US government nonsense. "

Ah, the good old the Genetic Fallacy. A favorite rhetorical tool of those who skipped logic.

"I suspect--again, since you don't know the history--that the person who wrote the US government website, probably a MA with a degree in European history--conflated Greenbacks with national bank notes.

I doubt that. The author was probably familiar with material like Heath's Infallible Counterfeit Detector at Sight Review

and the 1872 memoir of the first years of the Secret Service.

Memoirs of the United States Secret Service By George Pickering Burnham

The memoir describes counterfeiters pursued and the bank notes that they had been faking. The first 175 pages out of 400 include Pete McCartney who was caught with $60,000 in bogus notes and a set of $5 plates on National western banks. Bill Gurney who counterfeited $20 National Shoe and Leather Bank of NY notes, Fishkill Bank notes, and the Newburgh National $10. William Brockway who counterfeited $5 New Haven Bank notes, $5 North River Bank notes and $2 NY State Bank notes. Lame Sam Brown who dealt in fake National Bank Of Newburgh notes. And so on.

71 posted on 02/12/2016 7:15:14 PM PST by Pelham (Mullah Barack Obama and the Jihad against America)
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To: LS
"I know what bank note reporters were. Dillisten's was the best."

You are referring to William Dillisten's 1949 monograph Bank Note Reporters and Counterfeit Detectors, 1826-1866 ?

Well that didn't deal with bank notes prior to the National Bank Act so of course it had nothing at all to say about counterfeiting during the National Bank era.

73 posted on 02/12/2016 7:48:26 PM PST by Pelham (Mullah Barack Obama and the Jihad against America)
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