Once Upon a House

April 17, 1861

Practical suspension of specie payment of bank bills began in Wisconsin.

The regionGrade A · 1 independent source

The evidence

  • “Specie payment of bank bills was then practically suspended, in our state, from April 17 to. December i, 1861, and there was no longer any plain practical test for determining which were ■good, and which not. In this condition of things, bankers met in convention, and, after discussion and inquiry as to the condition and resources of the different banks, put forth a list of those whose issues were to be considered current and bankable.”

    1879-history-of-rock-county/04-wisconsin-railroads-commerce-health-statistics.md, PDF p. 190 / book p. 194

    Butterfield, C. W., et al. The History of Rock County, Wisconsin: its early settlement, growth, development, resources, etc. Chicago: Western Historical Company, 1879. Cornell University Library via the Internet Archive, archive.org/details/cu31924028871585.

    Grade A: Found on a page of one of our sources

    The passage on the printed page (PDF p. 190 / book p. 194)
    On the printed page (PDF p. 190 / book p. 194) · open the whole page

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