Born at Chattanooga, Tennessee; moved to Little Rock, Arkansas as a child. He was the first Rhodes Scholar from Arkansas. Received doctorate from Princeton in 1916. He served in the Army Signal 1917 to 1919. Married Eileen Hamilton with three sons.
With Guarantee Trust Co. 1919 to 1923. Professor of Economics and Director of the College of Business Administration at LeHigh university after 1923. He became professor emeritus in 1949. In 1952 he was appointed by the United Nations as an economic advisor for the recovery of South Korea.
Author of Monetary Experiments. Author of Fractional Money: A History of the Small Coins and Fractional Paper Currency of the United States in 1930. The publisher destroyed 2000 unsold copies. More were destroyed in London by a German bomb. The book was reprinted in 1967.
He died in a nursing home in Annandale, Virginia. bio: CW 1/26/66; WWWA-7
obit: NUM 79 Apr 1966 page 453; NYT 7/9/65
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Fractional money : a history of the small coins and fractional paper currency of the Unites States / by Neil Carothers.
Carother's landmark study of the economic forces shaping the evolution of fractional coinage and paper money in the United States.
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