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INDIANA UNIVERSITY STUDIES 



Free Banking Law of 1852. One is tempted to reflect that Jeffer- 

 sonian politics and laissez-faire economics never won a more re- 

 grettable victory than when they overthrew the State Bank.^i 



^1 See Charles A. Conant's A History of Modern Banks of Issue (4th Ed., N. Y., 1909), p. 386; 

 A. M. Davis's Origin of the National Banking Sijstem (Senate Doc. No. 582, 61st Congress, 2nd Sees.) 

 For a similar experience see Charles Hunter Garnett's State Banks of Issue (University of Illinois, 

 1898). 



