Talk:First Bank of the United States/Archives/2013

"$500 thousand"?

"By insisting on these conditions the Bank of the United States might technically possess $500 thousand in "real" money that it could, and would, make loans up to its capitalized limit of $10 million.[2]"

1. Is the form, "$500 thousand", correct? Should it be "$500,000.00", instead? Otherwise we're mixing words and numerals.

2. Also, why is the $500,000.00 and not $2,000,000.00? A quarter of the total of nongovernmental shares sold would be two million dollars, not five hundred. —The preceding unsigned comment was added by 66.75.77.72 (talk) 07:39, 12 May 2007 (UTC).

Because only gold and silver specie is "real money", while fiat currency, scrip, other paper securities and bonds are not "real money", by definition. 75.69.183.33 (talk) 07:44, 9 August 2011 (UTC)

You explain what is meant under "real money", but the article states that a quarter of the rest should be that very "real money", which still amounts to $2 million. The article remains inconsistent up to date.

Opposition

The second paragraph in this section (quoted below) includes a vague reference to "Jackson" with no antecedent in the article. (I assume this was Andrew Jackson?) Perhaps this person's full name and office can be noted in the preceeding paragraph, as was done with Jefferson and Madison?

Southern congressmen feared the burdens of this proposed excise tax would fall disproportionally heavily on the South, where, declared Jackson, "hard liquor was a necessity of life".

76.233.86.61 (talk) 19:55, 23 November 2007 (UTC)Peter

There was also opposition in the northern states, where state banks feared the competition of the new federal bank. This opposition was part of the reason that the renewal of the charter was defeated in 1811 by one vote in the House and one vote in the Senate. --DThomsen8 (talk) 13:53, 3 April 2009 (UTC)

Mentioning of James Jackson

Although Jefferson and Madison are the two more famous detractors of the Bank bill passing into law, I do think that James Jackson needs a mention, considering part of the revenue in order to help putting the bank into action was the excise tax on spirits. Jackson was a frequent (possibly the most) frequent antagonist to Hamilton's plan because he represented most southerners in that he felt it was a disadvantage to agrarian life. He even attempted to refute the deal with by quoting the Federalist Papers against Hamilton. Would it be okay if I add this?LeftAire (talk) 17:50, 24 December 2012 (UTC)