Note 57 — THE COMMERCIAL CRISIS OF 1837 [1877–1878]
Reading edition
Some counterfeiters were arrested at New York in a garret where they had $20,000 in notes of the “Ottawa Bank” and $800 in specie. They were very indignant—said they were a “bank” and were printing their notes at New York for economy. They came so nearly within the definition of a “bank” current at this time that they escaped on this plea.