Detailed Description

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Title: Articulos del Sr. Dr. Carlos Calderón, ex-Ministro del Tesoro, relativos a emisiones de papel-moneda
Creator: Calderón, Carlos
Publication Info: Bogotá : Imprenta de Vapor de Zalamea Hermanos, 1894.
Physical Details: 16 p. ; 24 x 16 5/10 cms.
Physical Condition: Frail: wrappers dis-bound, loose. Interior pages yellowed, but fairly legible.

Summary: Carlos Calderón, former Minister of the Treasury here explains the issuance of paper currency during his term in office. Calderón is responding to accusations in the newspapers that he had exceeded his authority.
Historical Notes: In 1885 Colombia experienced a financial crisis resulted in part from internal strife and an unmanageable external and internal debt. The government’s principal response was to require the Banco Nacional to issue vast amounts of paper currency. Since the country’s revenues from exports were growing, the demand for money in the market increased and this resulted in “clandestine emissions” of paper bills by the National Bank. These emissions produced a political scandal that concluded with the closure of the bank in 1894. Ocampo, José Antonio 2010 El sector de la economía Colombiana en el siglo XIX. In Economía Colombiana del siglo XIX. First edition. A. Meisel Roca and M.T. Ramírez, eds. Pp. 223. Bogotá: Banco de la República.
Donor Notes: Efforts in various newspaper articles, reprinted here, by Calderon, ex-treasury Minister of Colombia, to explain the various emissions of paper money under his authority. - J.L.H.

Subject(s): Paper money -- Colombia
Colombia -- Monetary policy -- 19th century
Colombia -- Economic policy -- 19th century

Type: Pamphlet
Language: Spanish
Format: JPG
PDF - Color
Donor: Helguera, J. León
Collection: Helguera, J. León Collection
Institution: Vanderbilt University
Accession Number: P00300
Record Number: 170
Islandora ID: islandora:5060