================= HES POSTING ================= 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] ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]