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Samuel J. Tilden, Iron Money and the Election of 1876

In: Public Choice Analyses of American Economic History

Author

Listed:
  • Clifford F. Thies

    (Shenandoah University)

Abstract

Tilden, a hard money Democrat, was castigated during the Presidential election of 1876 by Republican newspapers for his involvement with mining company scrip. The attacks were countered with testimonials as to the redemption of his company’s scrip, and had no impact on the election. Mining company scrip in fact served the interests of Michigan’s upper peninsula during a time that it was an isolated region, under-served by banks. Use of the scrip was ended by the assertion of the federal government’s prohibitory tax on privately-issued bank notes.

Suggested Citation

  • Clifford F. Thies, 2019. "Samuel J. Tilden, Iron Money and the Election of 1876," Studies in Public Choice, in: Joshua Hall & Marcus Witcher (ed.), Public Choice Analyses of American Economic History, chapter 0, pages 21-29, Springer.
    • Handle: RePEc:spr:stpchp:978-3-030-11313-1_2
    DOI: 10.1007/978-3-030-11313-1_2
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