Boutwell created monetary stringency by selling more gold then he bought bonds .
A strict monetary policy under Secretary of Treasury George S. Boutwell , during the height of the railroad speculations , contributed to unsettled markets .
Secretary of Treasury created monetary stringency by selling more gold then George S. Boutwell bought bonds .
A strict monetary policy under Secretary of Treasury George S. Boutwell , during the height of the railroad speculations , contributed to unsettled markets .