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- GLC#
- GLC01736
- Type
- Letters
- Date
- March 4, 1834
- Author/Creator
- Jackson, Andrew, 1767-1845
- Title
- to Moses Dawson
- Place Written
- Washington, District of Columbia
- Pagination
- Language
- English
- Primary time period
- National Expansion and Reform, 1815-1860
- Sub-Era
- Age of Jackson
Jackson writes as President concerning the subsiding economic panic of 1834 caused by the calling in of loans by the second Bank of the United States. Informs that the panic will leave the country in a better condition "... by giving us, in time, a metalic currency to meet the wants of the labouring class of the community by putting down the circulation of notes under five dollars ... " Jackson made a decision to prohibit all bank notes worth less than five dollars. Ends the letter by stating, "The tyrant [the Second Bank of the United States] is chained & must expire at the end of its charter." Marked "private & for your own eye." One bust engraving of Jackson included as collateral.
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