Letter from James Buchanan to Ross Wilkins

Senator James Buchanan writes to Ross Wilkins a letter reflecting upon Michigan's establishment of the "Wild cat" banking system, which "was one great cause of its prostration." Buchanan also comments on the possibility of a conflict with the United Kingdom if " the States repudiate [their] debts & England interpose[s] to protect her subjects from the effects of this swindling operation." Transcript included.