I found the following: 
Sellers, Charles. 1991. The Market Revolution: Jacksonian America, 1815-1846 
(NY: Oxford University Press). 
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." 
 
I could not find anything like this.  I asked Sellers, who could not recall 
his source.  Any suggestions? 
 
Thanks in advance. 
--  
Michael Perelman 
Economics Department 
California State University 
Chico, CA 95929 
 
Tel. 916-898-5321 
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