AN INTRODUCTION TO THE PANIC
by Charles Rogers Montoya
George Washington in a letter to Jabez Bowen, Rhode Island, Jan. 9, 1787:
But, if in the pursuit of the means we should unfortunately stumble again on unfunded paper money or any similar species of fraud, we shall assuredly give a fatal stab to our national credit in its infancy. Paper money will invariably operate in the body of politics as spirit liquors on the human body. They prey on the vitals and ultimately destroy them. Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.
In some fashion, we have been here before: financial panics, threats of collapse, and reliance upon the monetary Adventurers who got us here to somehow resurrect the failed system and lead us into a new future.
The duty of the currency historian is to faithfully represent the practical manifestation of financial matters in the form of money as it is used in real life. As such, the writing of the Monetary Historian is mostly characterized by human tragedy. The complex narrative of money and its use (and misuse) generally results in a sense of abject depression. From the Crime of 1873 to the misguided advent of the Federal Reserve, to the closing of the gold window and subsequent collapse of Bretton-Woods, the currency historian attempts to explain the inexplicable.
Like the ill-fated and detested First and Second Banks of the United States, the private banks of the Federal Reserve are known and detested by the people, and by those who know and understand their mechanisms.. And especially detested by those who know the history of the principle miscreants who have owned and operated the privately-held scam that has gamed the monetary system of the United States - and to some extent the world - since 1793.
On these pages we hope to provide a glimpse into long past banking practices and examine the significant and mysterious events which led to the founding of that most sinister of all financial entities, the global central banks which eventually produced great catastrophe or great profit. The continuing boom-and-bust cycles so complex that some are not fully understood at all... and as such, their foundation namely...
...The Panic of 1907!
The Panic of 1907
Troops called out 1907
Vanished Banking Practices of 1907 and Before
Wildcat Banks before 1907
How the Federal Reserve Truly Operates
Articles, Banking and Mining speculation circa 1907:
The Greenwater Mining Stock Scam
Portrait of a 1907 Promoter A A Codd
The Carson Mint Theft
Cook Bank Now
Goldfield Mining Pages
Richard Kirman III President Bullion & Exchange Bank of Carson City
Nevada Bankers in 1907
William Dewolf: 1907 Nevada Mining Writer!
- The Bullion & Exchange Bank and Rickey's State Bank and Trust
- Southern Nevada Banking: Bullfrog Bank Letter
- The Crime of 1873
- Weepah: Nevada's Last Gold Rush?
- Dead Death Valley Towns
- 1910 - 1912 Goldfield Dumpshaft time capsule
- Rhyolite and Bullfrog Ghosts of the 1907 Boom
- Rawhide Fire of 1908 photos courtesy Clint Maish