Private history of the origin and purpose of the national banking law and system of organized credits for the united states silas moore stilwell on amazoncom free shipping on qualifying offers br this is a reproduction of a book published before 1923. National banking system authorized by congress in 1863 to establish a standard bank currency banks that joined the system could buy bonds and issue paper money. The national bank act of 1863 was designed to create a national banking system float federal war loans and establish a national currency congress passed the act to help resolve the financial crisis that emerged during the early days of the american civil war 1861 1865. Most of the economic duties that would have been handled by the national banking system in addition to regular banking business like loans and corporate finance fell into the hands of large
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