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The Specie Circular and Distribution of the Surplus

Richard H. Timberlake, Jr.

Journal of Political Economy · 1960 · Volume 68 · Issue 2

DOI: 10.1086/258289

Abstract

[The suspension] was the effect of necessity with the deposit banks, exhausted by vain efforts to meet the quarterly deliveries of the forty millions to be deposited with the States.

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