The origins of the national banking system: The chase-cooke connection and the New Tork City banks
The article offers information on the origins of the national banking system. Topics discussed include survival of the system during the Civil War; connection and motivation behind promoting 1863 act described by economic historians; and burden of trying to finance the conflict of American Civil War fall on the U.S. secretary of the treasury Salmon P. Chase. It also mention about the contribution of financial Jay Cooke in opening banking house in Washington to help treasury finance the war.
Bank assets, Banking law, National banks (United States)
Newman. (2018). The Origins of the National Banking System: The Chase—Cooke Connection and the New York City Banks. The Independent Review (Oakland, Calif.), 22(3), 383–401.