Monday, September 9, 2013

Small Demand Notes

Secretary Chase has recommended to Congress the issuing of treasury notes under the denomination of five dollars, to the extent of $25,000,000.  We like the idea, and believe it will have a tendency, if properly encouraged by the people, to drive out a great deal of the rag money in circulation.

– Published in The Davenport Daily Gazette, Davenport, Iowa, Saturday Morning, May 10, 1862, p. 2

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