# Professor Richard Sylla is quoted in a story about the 1861 Milwaukee Bank Riot

1 Faculty News April 10, 2019 ![Milwaukee Independent logo](/sites/default/files/styles/246w/public/assets/images/Milwaukee-Independent-logo-feature.jpg?itok=FwWVXjwX)>

Excerpt from [Milwaukee Independent ](http://www.milwaukeeindependent.com/syndicated/milwaukee-bank-riot-day-chaos-1861-local-money-became-worthless/)-- "'The southern governments that issued the bonds were unlikely to want to payback the bonds that were held outside their country, like in Wisconsin,' added [Sylla](https://www.stern.nyu.edu/faculty/bio/richard-sylla). 'So you walked into a bar in Milwaukee, and you try to buy your beer and the bartender would say, "The banker told us not to accept your money." So if you got paid in that money a few days before, you might have been quite angry.'"

[Read more](http://www.milwaukeeindependent.com/syndicated/milwaukee-bank-riot-day-chaos-1861-local-money-became-worthless/)