Reference 2

---

BEN FRANKLIN - THE TWO BANKING SYSTEMS

From the autobiography of Ben Franklin, as reported by Gertrude Coogan in "Money Creators":

...the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War.
Ben Franklin answering a question about the booming economy of the young colonies: "That is simple. In the colonies we issue our own money. It is called Colonial Scrip. We issue it in proper proportions to the demands of trade and industry." (Colonial Scrip had no debt or interest attached.) (Reference 4)
Return to History List.-Please use your Browsers "BACK" Button.