Printed & published by H.R. Robinson, 52 Cortlandt St., 11 1/2 Wall Street. & 38 Chatham Strt. N.Y.|Title appears as it is written on the item.|Forms part of: American cartoon print filing series (Library of Congress)

A commentary on the depressed state of the American economy, particularly in New York, during the financial panic of 1837. Again, the blame is laid on the treasury policies of Andrew Jackson, whose hat, spectacles, and clay pipe with the word "Glory" appear in the sky overhead. Clay illustrates some of the effects of the depression in a fanciful street scene, with emphasis on the plight of the working class. A panorama of offices, rooming houses, and shops reflects the hard times. The Customs House, carrying a sign "All Bonds must be paid in Specie," is idle. In contrast, the Mechanics Bank next door, which displays a sign "No specie payments made here," is mobbed by frantic customers. Principal figures are (from left to right): a mother with infant (sprawled on a straw mat), an intoxicated Bowery tough, a militiaman (seated, smoking), a banker or landlord encountering a begging widow with child, a barefoot sailor, a driver or husbandman, a Scotch mason (seated on the ground), and a carpenter. These are in contrast to the prosperous attorney "Peter Pillage," who is collected by an elegant carriage at the far right. In the background are a river, Bridewell debtors prison, and an almshouse. A punctured balloon marked "Safety Fund" falls from the sky. The print was issued in July 1837. A flag flying on the left has the sarcastic words, "July 4th 1837 61st Anniversary of our Independence." |Entered . . . 1837 by H.R. Robinson. |Printed & published by H.R. Robinson, 52 Cortlandt Street New York.|Signed: Clay fec. (Edward Williams Clay).|The Library's impression was deposited for copyright on July 8.|Title appears as it is written on the item.|Davison, no. 98.|Munsing, p. 37-38. |Murrell, p. 150.|Weitenkampf, p. 48-49.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1837-8.

Modern economies rely heavily on financial intermediaries to channel funds between borrowers and lenders. In this issue, the role of traditional banking is outlined and a parallel system—shadow banking—is explored.

A parody of the often worthless fractional currencies or "shinplasters" issued by banks, businesses, and municipalities in lieu of coin. These fractional notes proliferated during the Panic of 1837 with the emergency suspension of specie (i.e., gold and silver) payments by New York banks on May 10, 1837. "Treasury Note" differs from two similar mock bank notes, "6 Cents. Humbug Glory Bank" and "Fifty Cents. Shin Plaster" (nos. 1837-10 and -11) in being payable "out of the joint funds of the United States Treasury." It may mimic the interim notes, first proposed by the administration in September 1837, to be issued by the federal government to relieve the shortage of gold and silver during the crisis. The artist broadly attacks President Van Buren's pursuit of predecessor Andrew Jackson's hard-money policies as the source of the crisis. Witness the caricature at the right, of Jackson as an ass excreting coins or "Mint Drops," collected in a hat by a Van Buren monkey. Note also the presence of the former President at left, as an old woman clad in bunting, standing near a cracked globe (a punning allusion to the name of Francis Preston Blair's administration organ newspaper). The print also caricatures Missouri Senator Thomas Hart Benton, an ardent bullionist and supporter of Jackson's and Van Buren's fiscal programs. Benton is shown as a tumblebug pushing a large ball, a motif given fuller treatment in "N. Tom O' Logical Studies" (no. 1837-14). In the main scene Van Buren appears as a winged monster on a wagon driven by Calhoun and drawn by a team of men in yokes through a narrow arch labeled "Wall Street" and "Safety Fund Banks." This may refer to the influence Van Buren exerted on New York banks through the Safety Fund system, whereby member banks observed a certain ratio of notes (paper money) to specie (coin) set by a state banking commission. The wagon crushes several men beneath its wheels. The Van Buren beast reclines on several weapons (symbolizing treachery) and sacks of treasury notes. In his tail he grasps a torch, having set off the destruction of a town which burns in the distance. Nearby stand Andrew Jackson and another man, perhaps fiscal adviser Reuben Whitney or Treasury Secretary Levi Woodbury. Jackson says, "I did not think John C. could crack such a good whip." The second man responds, "Oh! Matty has had him in training, the nullifying turncoat." This is a swipe at Whig senator John Calhoun's recent support for Democratic measures in Congress.|"Printed & publd. by H.R. Robinson, 52 Cortlandt Street."|Signed: Napoleon Sarony.|Title appears as it is written on the item.|Murrell, p. 152.|Weitenkampf, p. 49-50.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1837-9.

A satire attributing the dire fiscal straits of the nation to Andrew Jackson's banking policies, with specific reference to recent bank failures in New Orleans, New York, and Philadelphia. The artist blames the 1837 panic on Jackson's and later Van Buren's efforts to limit currency and emphasize specie (or coinage) as the circulating medium in the American economy. Missouri senator Thomas Hart Benton's role as an ally of the administration and champion of coinage (in the cartoonist's parlance "mint drops") is also attacked. In an eighteenth-century sickroom scene Uncle Sam, wearing a liberty cap, a stars-and-stripes dressing gown, and moccasins, slumps in a chair. In his hand is a paper reading "Failures / New Orleans right Nicholas Biddle arrives, with a trunk of "Post Notes" and "Bonds," and is greeted by Brother Jonathan. Jonathan: "Oh Docr. Biddle I'm so glad you're come. Uncle Sam's in a darned bad way . . ." Biddle: "I'll try what I can do . . . & I've sent to Dr. John Bull for his assistance." The print is dated 1834 by Weitenkampf, but it must have appeared after Van Buren's victory in the 1836 presidential election, given Uncle Sam's remark, "You are to nurse me now Aunt Matty." Nancy Davison's date of 1837 is more credible. Most likely it was issued during the spring of that year, after the collapse of the cotton market and several banks in New Orleans and the subsequent failure of many New York banks in March. In April Nicholas Biddle's Pennsylvania state bank came to the aid of the ailing banking community by buying up considerable numbers of bonds and notes.|Printed & published by H.R. Robinson 52, Cortlandt Street, New York.|Signed with monogram: C (Edward Williams Clay).|Title appears as it is written on the item.|Davison, no. 102.|Helfand, p. 11.|Murrell, p. 132.|Weitenkampf, p. 36.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1837-6.

This lesson is about Automatic Teller machines which is one of the means of payments in banking’, under the topic banking of the Zambian Grade 11 Syllabus for Commerce.

An election-year cartoon satirizing disharmony within the Whig ranks on the bank issue. The artist suggests a division of opinion between New England's Daniel Webster and presidential nominee Henry Clay on the idea of a National Bank, embodied here by a giant whale. Clay strongly championed the bank idea throughout his senatorial career. On a stormy sea, the "coon barge" (named for Clay's campaign nickname "the Old Coon"), flying an inverted, tattered American flag from a broken mast, is steered by Daniel Webster. Webster's crew is in the act of heaving Henry Clay and his running-mate Theodore Frelinghuysen overboard. Frelinghuysen, "the Christian statesman" and president of the American Tract Society, wears a clerical robe. Webster enjoins them, "Throw 'em over, my Boys. It is better they should go than that the whole Whig party should perish!" Clay, looking down the throat of a whale labeled "Monster Bank," cries, "Oh! crackee! this is the worst suck in that even I knew of, Instead of being able to suck in the people. I am going to be sucked in myself!" Frelinghuysen exclaims, "Oh dear! I am going to be swallowed! I wish I had not given up psalm singing for Politics!"|Entered . . . 1844 by J. Baillie.|Litho. & pubd. by J Baillie 118 Nassau St. N.Y.|Probably drawn by Edward Williams Clay.|The print probably appeared late in the campaign, since the Library's impression was deposited for copyright on October 11, 1844.|Title appears as it is written on the item.|Weitenkampf, p. 77.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1844-46.

This video introduces students to what banks do and their purpose in our economy as a linker between borrows and lenders. This video will aid in the mastery of standard EPF. 12

In a ring a large bull, wearing a ribbon marked "The Rough & Ready" between its horns, faces five matadors. The bull represents Zachary Taylor, nicknamed "Old Rough and Ready." The matadors are prominent Whigs, who hold capes expressing their varied expectations of the candidate. The matadors are (from left to right): Senator John J. Crittenden holding a "Wilmot [Proviso]" cape; New York editor James Watson Webb, who states, "We desire you to have--" [written on cape] "No Veto Power." An unidentified man (possibly Congressman John M. Botts) says, "We will have--" [on cape] "A National Bank." Daniel Webster insists, "We must have--" [on cape] "A High Tariff!" An unidentified man standing behind Webster exclaims, "I hope that we won't be Bulled!" In the background are stands crowded with spectators, above which flies a flag "U. S."|Probably drawn by E.F. Durang.|Title appears as it is written on the item.|Weitenkampf, p. 95.|Forms part of: American cartoon print filing series (Library of Congress)|Published in: American political prints, 1766-1876 / Bernard F. Reilly. Boston : G.K. Hall, 1991, entry 1848-47.

Students participate in a banking role play in which they portray roles based on characters in the book Worth! by A. LaFaye. The students learn about banking, profit, risk, and reward. Students discuss some of the factors that affect loan interest rates and the availability of credit. Students apply their knowledge of the content by writing a fictional applicant a letter of acceptance or rejection.