Stay laws imposed moratoria on collections of debts; minimum appraisal laws set a fixed price below which the debtor’s property could not be sold at auction; compulsory par laws prohibited anyone from exchanging bank notes of the state at a discount; the “summary process” was a particularly rapid procedure for collection of debts to banks.
| 1818 |
|
| October |
Vermont: House passed stay bill. |
|
Rhode Island: repeal of “summary process” on debts to banks. |
| December |
Pennsylvania: stay and minimum appraisal bills proposed. |
| 1819 |
|
| January |
Delaware: stay and minimum appraisal bills defeated in House of Representatives. |
|
Ohio: State Bank proposed. |
| February |
Maryland: compulsory par law enacted. |
|
Ohio: compulsory par law enacted. |
| April |
New York: stay and minimum appraisal bills defeated in Senate. |
| October |
Tennessee: stay law passed. |
| November |
Vermont: House passed stay bill. |
| December |
Kentucky: stay law passed. |
| 1820 |
|
| January |
Maryland: stay law passed. |
|
Indiana: minimum appraisal law passed. |
|
North Carolina: stay and minimum appraisal bills proposed. |
|
Ohio: compulsory par law repealed. |
| February |
Kentucky: stay law passed. |
|
Delaware: compulsory par law enacted. |
|
Virginia: minimum appraisal bill defeated in House of Delegates. |
| March |
Pennsylvania: easing of execution law. Loan office bill defeated in House of Representatives. |
| June |
New Jersey: stay bill and loans to debtors defeated in General Assembly. |
| July |
Tennessee: stay law passed. Bank of State of Tennessee enacted. |
|
Massachusetts: compulsory par bill proposed. |
| October |
Vermont: stay bill defeated in House. |
| November |
Kentucky: Bank of Commonwealth enacted. |
| December |
Kentucky: stay law passed. |
| 1821 |
|
| January |
Illinois: stay law passed. |
|
Virginia: stay bill defeated in House of Delegates. |
| February |
Illinois: State Bank enacted. |
|
Maryland: loan office proposal defeated in House of Delegates. |
| March |
New York: easing of execution law. |
|
Pennsylvania: minimum appraisal-stay law passed. |
| June |
Missouri: stay law passed. |
|
Georgia: specie payments suspended to Bank of United States. |
| July |
Louisiana: stay law passed. |
| October |
Tennessee: minimum appraisal bill defeated in Senate. |
| December |
Kentucky: minimum appraisal law passed. |
| 1822 |
|
| April |
Vermont: stay law passed. |
| December |
Missouri: stay and minimum appraisal laws, and loan office, repealed. |
| 1823 |
Kentucky: stay laws modified. |
|
Maryland: compulsory par law repealed. |
| 1824 |
Indiana: minimum appraisal law repealed. |
|
Kentucky: stay law repealed. |
|
Illinois: State Bank repealed. |
|
Georgia: resumption of specie payments. |
| 1826 |
Tennessee: resumption of specie payments. |
