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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