Editing Specie Circular (section)

==Executive order==
On July 11, 1836, Jackson ordered [[Secretary of the Treasury]] [[Levi Woodbury]] to issue the Specie Circular under federal law whereby the government refused to take anything but gold and silver specie for sales of public lands of over 320 acres after August 15, 1836. It did make a special exception to accept certain types of Virginia [[scrip]]. The executive order allowed legitimate settlers (non-speculators, or those purchasing plots of 320 acres or less) to use paper until December 15, 1836.<ref>{{cite book|last=Sobel|first=Robert|title=Panic on Wall Street|publisher=Beard Books|year=1999|pages=47|isbn=978-1-893122-46-8}}</ref><ref>{{cite book|title=The Financial Register of the United States|url=https://books.google.com/books?id=5bo6AQAAMAAJ&pg=PA14|year=1838|publisher=Wirtz & Tatem|pages=14–15}}</ref>