Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 295

The fright which Pittsburgh financial institutions had with regard to myself and our enterprises rapidly gave place to perhaps somewhat unreasoning confidence. Our credit became unassailable, and thereafter in times of financial pressure the offerings of money to us increased rather than diminished, just as the deposits of the old Bank of Pittsburgh were never so great as when the deposits in other banks ran low. It was the only bank in America which redeemed its circulation in gold, disdaining to take refuge under the law and pay its obligations in greenbacks. It had few notes, and I doubt not the decision paid as an advertisement.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 295 · Verified：2026-10-19 · Verification：Short excerpt

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