upon the fugitive writings of the few earnest and able men, who have espoused the cause of the people, for information upon the subject. It was in view of these circumstances that this work was undertaken. I would have been glad, indeed, if some one, who was better prepared for the duty, had undertaken it; but as that did not seem probable, and, knowing the great want of such a work from my own experience, I determined that it should be written at all events, in order that the American people might have a fair opportunity to decide intelligently upon this all important question. No claim is made to originality, nor has there been any effort made in regard to style. My sole aim has been to present the facts and principles relating to the subject correctly, and in plain, simple language; and, as will be observed, I have not hesitated to quote extensively whenever it could be done to advantage. In preparing the work for the press I have also availed myself of competent assistance, in order that the subject matter might be presented to the public as forcibly as possible. Special care has been taken to give credit to those whose ideas or language have been adopted, but I am much indebted to the fugitive writings above referred to, and I desire in a general way to express my acknowledgments for the same, and especially to Hon. W. D. Kelley, General Wm. Brindle, Henry Carey Baird and E. M. Davis, of Philadelphia; Peter Cooper and Pliny Freeman, of New York City; John G. Drew, of New Jersey; and to the Cincinnati Enquirer, the Chicago Industrial Age and the Indianapolis Sun. GRAND RAPIDS, MICH., } WILLIAM A. BERKEY. CONTENTS. Page. Treasury Note bearing interest and not a Legal Tender. 171 CHAPTER VII.—THE NATIONAL BANKING, SYSTEM. 244 Secretary Chase Recommends a National Banking Law. 244 National Bank Bill Reported in the Senate.. Of the Organization of National Banks., |