Saturday, October 10, 2015 Filed in: Primary
I've mentioned a couple of times over the last week or so (maybe no one noticed) that I don't think Economic and Banking Historians have told the whole story of how banking changed in America during the Civil War. The reason I've become so interested in this subject is that while digging through the archives, reading about one of the "Peppermint Kings" of my dissertation, I discovered that he had his own bank. And then I discovered that his uncle and his brother had a bank too. So I thought there might be something going on just prior to the beginning of Lincoln's consolidation of currency and banking. I'll have more to say about that soon -- I'm currently banging away at the dissertation. There's a very definite rural/urban fight involved, I think. In the meantime, here's some cash I found in the archives. Actually, banknotes from Hiram Hotchkiss's personal bank. Ironically, the image engraved on the notes is not Hiram, but his rich uncle Calvin, who had his own bank with Hiram's brother Leman and was pretty annoyed when he discovered his picture was on his nephew's money. But Hiram was considered a bit shifty, and Calvin was solid as a rock (see, there's a story here...).