Been there tried that

Reader comment on: Romney's Attack on Garage-Based Businesses

Submitted by Lyle (United States), Oct 9, 2012 22:36

Depending upon which state you were in this was the way the banking business worked in the more liberal states from 1836 till 1863. You could open a bank in Podunk, issue notes (which was what banks did at the time) and not have any reference to how much specie (read capital) you had.


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Other reader comments on this item

Title By Date
⇒ Been there tried that [54 words]LyleOct 9, 2012 22:36
Garage banking [160 words]Harry BinswangerOct 9, 2012 20:46
Banks in Garages [23 words]Gordon DilmoreOct 9, 2012 19:07
It's OK [17 words]Dan CalabriaOct 9, 2012 17:11

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