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A RESOURCE OF WAR-THE CREDIT OF THE GOVERNMENT MADE IMMEDIATELY AVAILABLE.

HISTORY

OF THE

LEGAL TENDER PAPER MONEY

ISSUED DURING THE

GREAT REBELLION.

BEING A

Loau without Interest and a National Currency.

PREPARED BY

Hon. E. G. SPAULDING, Chairman,

OF

THE SUB-COMMITTEE OF WAYS AND MEANS, AT THE TIME THE ACT WAS PASSED.

In such a nation as this, there is one and only one RESOURCE for loans sufficient to carry hrough the expenses of a GREAT WAR, namely, fundable Treasury Notes fitted for circulation as money, and based upon adequate taxation.

"That in the interval between war and war, all the outstanding paper should be called in coin permitted to flow in again, and hold the field of circulation, until another war should re quire its yielding place again to the NATIONAL MEDIUM."-JEFFERSON.

BUFFALO:

EXPRESS PRINTING COMPANY, 14 EAST SWAN STREET,
1869.

}

iv

Mr. Corning's resolution asking opinion of Secretary Chase,
Secretary Chase's opinion of the propriety and necessity of the bill,
Mr. Chase's letter to Mr. Spaulding, Jan. 30th,

45

45

46

Letters of John A. Stevens, George Opdyke and R. Morris,
Letters of Stephen Colwell, M. S. Hawley, J. H. Van Antwerp,
Letters of Robert Dennison, C. H. Russell, Mr. Lord, Mr. Prosser, 40-50
Letters of George B. Butler, T. W. Olcott and others,

47

48-49

51-52

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Mr. Roscoe Conkling, Mr. Morrill, Stevens and Spaulding,

57-58

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The substitute of Mr. Morrill, Conkling and others lost,
Bill passed; yeas 93, nays 54,

Copy of bill as passed the House February 6, 1862,

92, 93, 94

95-96

66-67

98

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Letter of J. W. Simonton on the origin of legal tender act,

99-100

99

- 100

100

- 106-107

109, 110, 111

114, 115, 116

117, 118, 119

121 121-122 122-123

124

- 124

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