Since President Jackson refused to sign the ' Bill' rechartering the National Bank of the United States, the Union has been inundated by bank-notes of the value of a dollar and upwards, without any efficient machinery for regulating the exchange of them; and as New York is the centre of a vast commerce, notes of banks in every degree of credit, and whose head-quarters, where alone the notes are payable, lie at every degree of distance within the Union, are in circulation.
— A stranger is much surprised on seeing the great number of Exchange offices in New York, bearing an intimation that current and uncurrent bank-notes, are there bought, sold, and exchanged.  Since President Jackson refused to sign the ' Bill' rechartering the National Bank of the United States, the Union has been inundated by bank-notes of the value of a dollar and upwards, without any efficient machinery for regulating the exchange of them; and as New York is the centre of a vast commerce, notes of banks in every degree of credit, and whose head-quarters, where alone the notes are payable, lie at every degree of distance within the Union, are in circulation.  The profession of Bank-bill brokers has, in consequence, sprung up to meet the wants of society, and it appears to be at once an extensive and a lucrative one.