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Sellers, Charles. 1991. _The Market Revolution: Jacksonian America, 
1815-1846_ (NY: Oxford University Press), p. 135: A Philadelphian explained 
to David Ricardo the tacit conspiracy not to demand specie, "The whole of 
our population are either stockholders of banks or in debt to them."  "It 
is not in the interest of the first to press the banks and the rest are 
afraid."  Anyone who demanded specie "would have been persecuted as an 
enemy of society." 
 
Sellers gives an incorrect source and cannot remember where he got it. 
 
Maybe someone knows about this one. 
 
-- 
 
Michael Perelman 
Economics Department 
California State University 
Chico, CA 95929 
 
Tel. 916-898-5321 
E-Mail [log in to unmask] 
 
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