Index

A  |  B  |  C  |  D  |  E
F  |  G  |  H  |  I  |  J  |  K
L  |  M  |  N  |  O  |  P
R  |  S  |  T  |  U  |  V
W  |  Y  |  

A

Academy of Political Science (APS), 108, 113, 115

Aldrich, Nelson W., 110–111, 112, 115, 116, 117, 125, 130–131

Allison, William Boyd, 99 American Academy of Political and Social Science (AAPSS), 108–109, 113

American Association for the Advancement of Science (AAAS), 109

American Bankers Association, 105, 110–111, 112, 118

American Economics Association, 112

Andrew, Abram Piatt, 111, 116

Ann Arbor Business Men's Association, 100

Associated Press, 113

Atchison, Topeka, and Santa Fe Railroads, 100

Atlas Engine Works of Indianapolis, 94

Austrian School, 25–26

B

Bacon, Robert, 95

Bank Acts, 75

Bank of Amsterdam, 44, 54n

Bank of England, 58–59, 61ff, 121n

Bank of Manhattan, 133

Bank of North America, 72

bank runs, purpose of, 46, 50

Bankers, 9, 70, 71, 86, 117, 145

Bankers Trust Company, 125,

banking, accounting and, 31–33; as legitimate business, 31–33, 41, 57; as cartel, 53, 70, 122; competition in, 53–54, 84; criminal law and, 40ff; deposit banking, 33–40, 62; embezzlement, 35, 39, 40ff; fractional reserve, 29–33, 37ff, 40ff, 43ff, 47ff, 144, 149n; fraud (see embezzlement); insolvency, 45ff, 146; loan, 29–33; money-warehouse, 34ff, 37ff, 43

barter, 13–15

Bechtel Corp., 130

Bretton Woods Agreement, 132–133

Bryan, William Jennings, 82, 91, 93

Burch, Philip H. Jr., 92n

Bush, Irving T., Ill, 115

business cycle, 40, 54–55, 119, 145

C

Cambridge Merchant's Association, 100

Cantillon, Richard, 25–26

Can v. Carr, 42

Central Banking (see also Federal Reserve), 11, 12; origins of, 58–62; functions of, 58ff, 65ff; lender of last resort, 62ff, 70, 79, 108, 119; politics of, 71–72; Wall Street and, 79–80

Central Intelligence Agency, 3

Chandler, Lester V., 127n

Chase National Bank, 101, 105, 109, 130

checking accounts, 57

Chernow, Ron, 93n

Chicago School, 22–23

Cipolla, Carlo, M., 54n

Civil War, 74, 75, 78, 80, 137, 149

Claflin, John, 107

Clarke, Dumont, 107

Clark, J.B., 110

Clark, Lawrence, E., 127n

Clinton, William, 4, 7n

Cochran, Thomas, 129

coin clipping, 27

collectivism, 87

Commercial National Bank of Chicago, 110

Conant, Charles A., 98, 102, 108, 109–110, 111, 112–113, 115

Congress, 3–8, 111

conspiracy view of history, 89

Continental, not worth a, 29

Converse, Edmund C., 95

Cooke, Jay, 78–79

Coolidge, Calvin, 129

Cottenham, Lord, 42–43

counterfeiting, 10, 21–27, 27–29, 36ff, 146

credit expansion, 52–53, 65ff, 119–120, 140–143; as a benefit to bankers, 70–71

D

Davison, Henry P., Ill, 116, 125, 130

Dean, William B., 97n

debt, public, 74

deflation, 20–21

Delano, Franklin, 123, 124

Deposit Insurance, 133–137

Des Moines Regency, 99

Devaynes v. Nobel, 42

Dewey, Davis R., 112

Dewing, Arthur S., 85n

Defense Intelligence Agency, 3

discount rate, 144

Dobie, Aristead, 35n

dollar, definition of 17, 131

Domhoff, G. William, 132n

Dorfman, Joseph, 101n

Duffield,J.R., 110

E

Eakins, David, 88n

Eccles, Marriner, 130

elasticity, 94–95, 98, 103, 107

election cycle, 8

Eliot, Charles, 111

exchange, theory of, 13; fixed rates of currency, 129

Exxon Corporation, 133

F

Fairchild, Charles S., 97n, 99

Federal Deposit Insurance Corporation (and FSLIC), 134–136

Federal Reserve, abolition of, 146–150; accountability of, 3–9; Act, 116–117; audit, need of, 3–4; bankers, relationship with, 9–10; Board, 121; counterfeiting, 10–11, 21ff; election cycle, 8, 119; governor of, 125–126; independence of, 5–9, 83; inflation, cause of (also see inflation), 7–11, 138–139; lender of last resort, 83, 138; market confidence in, 4; monopoly power of, 10–11, 119–120, 131–133; as oligarchy, 5–7, 70, 131; operations of, 121–122, 137–144; origins of, 70, 79–118; ownership of, 120–121; power of, 6–8, 131–132; propaganda and, 86–88, 97–98 secrecy of, 3–7, 11

Federal Reserve Note, 10, 131, 137–138

Ferguson, Thomas, 131n

Fiannini family, 130

First National Bank of Chicago, 102

Fish, Stuyvesant, 97n

Fisher, Irving, 112

Foley v. Hill and Others, 42–43

Food and Drug Administration, 7

Fowler, Charles N., 105

fractional reserves (see banking) Frank, Barney, 6

free trade, 73–74

French Empire, 60

Friedman, Milton, 22–23, 25

fungibility, 36

G

Gage, Lyman, J., 102–103, 105–106

Gavitt,J.R, 113

Glass, Carter, 117

gold, as money, 16, 20, 27–29, 74, 103; confiscation of, 131–132; deposits, 119

Goldman Sachs, 130

gold Standard, 62ff, 93–95, 100–101, 103–104, 127, 137, 146–150

Gonzalez, Henry B., 3–4, 6

Gordon, David, 45n

government-business partnership, 87, 120–121

Grant, Sir William, 42

greenbacks, 74

Greenspan, Alan, 4,7–8, 133, 145

H

Hadley, Arthur Twining, 100

Hamilton, Alexander, 72–73

Hamlin, Charles S., 123

Hanna, Hugh Henry, 94–95, 97, 102

Hanna, Mark, 102

Harding, William P.G., 123, 129

Harper Brothers, 95

Hepburn, A. Barton, 101, 105, 109, 118

Hill, James J., 97n

Holden, J. Milnes, 43n

Hudson & Manhattan Railroad, 123

Hume, David, 22

I

income tax, 74

Indianapolis Board of Trade, 94

Indianapolis Monetary Commission, and Convention, 94–95, 96–104, 107, 111, 115 inflation, 7–11, 47ff; compared with crime, 10–11, 21ff, 27–29; effects of, 22–27; controlled through central banking, 118ff, 145; “hawks,” 70, 145; supposed social benefits of, 19–27; as a tax, 24–25, 59

insurance, deposit, 133–137, 149n

intellectuals, and banking, 86–88

International Harvester, 92

Interstate Commerce Commission, 7, 88, 90

J

Jackson, Andrew, 71n, 73–75

Jefferson, Thomas, 74

Jekyll Island Club, 116–118, 124, 126

Jenks, Jeremiah W., 100

Jevons, W Stanley, 37, 38n

Joachimsthalers, 17

Johnson, Joseph French, 104–105, 104n, 108, 113, 114

K

Kennedy, Joseph P., 130

Kent, Fred I., 113

Kleppner, Paul, 91n

Knight, Frank R., 136n

Kolko, Gabriel, 81n, 85n, 86n, 118n

Kuhn-Loeb, 90, 92, 106–107, 111, 128, 120, 133

L

Lamont, Thomas W., 115, 125, 130

Lamoureaux, Naomi, 85n

Laughlin, J. Laurence, 96, 101, 115

Lehman Brothers, 130

lender of last lesort (see Federal Reserve; Central Banking)

Liechtenstein, 58n

Livingston, James, 94n

M

McAdoo, William Gibbs, 123, 126

McFaul,JohnM., 71n

McKinley, William, 82–83, 92–93, 94, 96, 98, 103

Merchants' Association of New York, 115

Medicis, 30, 57

Mellon, Andrew W., 129

merger movement, 85

Michie, (first name), 44, 44n

Miller, Adolph C., 123

Mills, Ogden, 129

money, cigarettes as, 17; demand for, 12–14; early American, 27–29; legal tender, 139; multiplier, 139–143; politics of hard, 72–73; origins of, 12–17; paper, 27–29, 45; supply of, 9–10, 18–20, 49–50, 55; types of, 10–11, 15–17; unique qualities of, 20, 36

Monaco, 59n

Morgan, J.P., and the House of Morgan, 82–83, 90, 91–92, 93n, 94–100, 105n, 111, 112, 116, 122–123, 124, 125, 127–128, 132,

Morris, Robert, 72

Morrow, Dwight, 125, 129

N

National Banking System, 70–79, 81

National City Bank, 107

National Civic Federation, 88, 93

National Monetary Commission, 110, 111, 113, 116

New Deal, 129–132; banking acts, 131

New York Chamber of Commerce, 115

New York City, 75

New York Merchants Association, 111–112

New York State Bankers' Association, 101

New York Times, 6, 7

Norman, Montagu, 128

Northern Pacific Railroad, 97

Norton, Charles D., 116

Nussbaum, Arthur, 44, 45

O

open-market operations, 121–122, 131, 139–143

Orr, Alexander E., 95, 97

Overstreet, Jesse, 102

P

Panic of 1857, 93n

Panic of 1907, 82–83, 108–109

Patterson, C. Stuart, 115

Paterson, William, 60

Payne, Henry C., 95

Peabody, George, 93n, 95–96

Peel Act of 1844, 58, 61, 63ff

People's Bank v. Legrand, 44

Perkins, Charles E., 99

Perkins, George W., 92

Populists, 82

Pound, British, 17

Pratt, Seren S., 110

prices, level of, 20–27

Progressive Era, 5, 86, 88

property, private, 26

R

railroad pools, 84

redistribution, 23–25, 27, 28, 29, 135

reserve ratios (also see banking), 143–144

Reynolds, George M., 112

Riccis, 30

Ridgely, William B., 109

risk, 133–137

Roberts, George E., 110

Rockefellers, 57, 89–90, 92, 102, 105, 110–113, 116, 123, 124, 128, 130–131, 133

Roosevelt, Theodore, 95, 99

Roosevelt, Franklin, 129–132, 133

Root, Elihu, 109, 115, 130

Rothbard, Murray N., 55n, 124n

S

Schiff, Jacob H., 106–107, 111, 115

Schlichtentha, 17

Seaboard Airline Railway, 123

Second Bank, 73

Seligman, E.R.A, 109, 112, 114

Shaw, Leslie, 99, 106, 108

Sherman Antitrust Act, 92

Special Drawing Right, 147

Sprague, Oliver M.W., 112, 124

Standard Oil, 130

Stillman, James, 107

Stimson, Henry L.,

Straus, Isidore, 107

Strong, Benjamin, 124, 125–127, 128–129

T

T-account analysis, 31–33; of central banking, 67–69; of Fed, 140–143; of fractional-reserve banking, 47ff; of hyper-expansion, 51

Taft, William Howard, 92–93, 112, 116

Tansill, Charles Callan, 128n

tariff, protective, 73

Taussig, Frank W., 100–101, 104, 104n, 112

Taylor, Fred M., 100–102, 10ln

Taylor, Robert S., 101

Thalers, 17

Treasury Department, 6

Tullock, Gordon, 59n

U

Underwood, Oscar W., 123

United States Steel, 92

V

Vanderlip, Frank A. 105, 108–111, 115, 125

Volcker, Paul, 133

W

Wabash Railway, 123

Wade, Festus J., 110–111

Wall Street, and central banking, 79–81, 86, 94

Wall Street Journal, 112

Warburg, Paul Moritz, 107, 109, 111, 112, 113, 115–116, 117, 123, 125, 128

War of 1812, 73

Weinstein, James, 88n

Wharton School of Business, 104

Whigs, 74, 75

White, Horace, 113

Wiggin, Albert, 131

Wilburn, Jean Alexander, 71n

Williams, John Skelton, 123

Willis, Henry Parker, 127n

Wilson, Woodrow, 93

World War I, 86, 120, 126–129

World War II, 132–133

Y

Yale Review, 95