Report of the joint select committee on the suspension of specie payments by the banks.
January 6, 1841 report of the Joint Select Committee on the suspension of specie payments by the banks in the state. Of note, the Panic of 1837 resulted in a recession; and as noted in the report, northern banks began to suspend specie payments, meaning that they would no longer redeem commercial p...
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| OCLC: | 1162818578 |
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| Corporate Author: | |
| Language: | English |
| Published: |
[Raleigh, N.C.] :
[Place of publication not identified],
[1841]
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| Series: | Document (North Carolina. General Assembly) ;
no. 30. |
| Subjects: | |
| Online Resource: | LLMC Digital |
| Related Items: | Print version:
Report of the joint select committee on the suspension of specie payments by the banks. |
| Format: | Monograph Online Resource |
| Summary: | January 6, 1841 report of the Joint Select Committee on the suspension of specie payments by the banks in the state. Of note, the Panic of 1837 resulted in a recession; and as noted in the report, northern banks began to suspend specie payments, meaning that they would no longer redeem commercial paper in specie at full face value. This report reviewed and investigated the situation regarding the State Bank and the Bank of Cape Fear. An appendix of various financial statements and correspondence was attached to the report. |
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| Physical Description: | 1 online resource (29 pages) : tables. |