Active Defunct Publications Works William Batchelder Greene (April 4, 1819 – May 30, 1878) was an American individualist anarchist, Unitarian minister, soldier, mutualist,[1] promoter of free banking in the United States, and member of the First International.

Subsequently, he was connected with George Ripley's utopian movement at Brook Farm, after which he met several transcendentalists including Orestes Brownson, Elizabeth Peabody and Ralph Waldo Emerson.

The immediate consequences of confused credit are want of confidence, loss of time, commercial frauds, fruitless and repeated applications for payment, complicated with irregular and ruinous expanses.

The ultimate consequences are compositions, bad debts, expensive accommodation-loans, law-suits, insolvency, bankruptcy, separation of classes, hostility, hunger, extravagance, distress, riots, civil war, and, finally, revolution.

The natural consequences of mutual banking are, first of all, the creation of order, and the definitive establishment of due organization in the social body, and, ultimately, the cure of all the evils.