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Debates on Paper Money and the Sub Treasury Plan
The article argues against fiat currency by examining the continental assignats and state notes, warning depreciation will follow Treasury notes too. It cites Madison and Washington, noting historical depredations and urging a sound currency backed by immediate convertibility to specie or reliable revenue. It forecasts repeated issues if the Sub Treasury is adopted and criticizes reissuing Treasury promises as impractical.
MENTIONED IN THIS ARTICLE
Valie
Treasury
Ne“oeserly
Hensi Hs
Spn: Ag
Reney
Anya
Ton Thicir
van Buren
Caigrees
Washington
Virginia
Flo
Rhoda-Istang
Rhode Island
Continental
Goth
Congress
Madison
Lonor
Treasury Notes
America
Gacermeil
France
Benton
New York
United States
Joly Smith
United
John Smith
McCoxxenr
Iinoian
Mde
Jacksonsille
McConnell
Dial Bach
Thomas HH. Benton
Keer
Jack Falstall