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The federal government first issued paper money in 1861 to fund the Civil War. [10] Before that, all U.S. paper money was bank-issued money. For example, paper notes were issued by the First Bank of the United States, which was a private corporation chartered by the federal government. [11] Congress had also authorized paper money (e.g ...
Before the Civil War, the United States used gold and silver coins as its official currency. Paper currency in the form of banknotes was issued by privately owned banks, the notes being redeemable for specie at the bank's office. Such notes had value only if the bank could be counted on to redeem them; if a bank failed, its notes became worthless.
A Demand Note is a type of United States paper money that was issued from August 1861 to April 1862 during the American Civil War in denominations of 5, 10, and 20 US$. Demand Notes were the first issue of paper money by the United States that achieved wide circulation.
Bidders will fight with their dollars next week at an Ohio auction house for the sword of the Civil War Union general who led a scorched-earth campaign across Georgia and coined the phrase “War ...
Interest bearing notes refers to a grouping of Civil War era paper money-related emissions of the US Treasury. The grouping includes the one- and two-year notes authorized by the Act of March 3, 1863, which bore interest at five percent per annum, were a legal tender at face value, and were issued in denominations of $10, $20, $50, $100, $500 ...
Harper, Robert S., Ohio Handbook of the Civil War. Columbus, Ohio: The Ohio Historical Society, 1961. Harper, Robert S. "The Ohio Press in the Civil War." Civil War History 3.3 (1957): 221–252. excerpt; Jackson, W. Sherman. "Emancipation, negrophobia and Civil War politics in Ohio, 1863-1865." Journal of Negro History 65.3 (1980): 250–260 ...
“Military and Personal Sketches of Ohio’s Rank and File from Sandusky County in the War of the Rebellion" is available through the Hayes Library.
Main house on the summer estate of John E. Newell in Mentor, Ohio View of John E. Newell's estate house from across the pond @1903 [121] Newell, John Edmund(1861-1949) and(M-1891) Amie Sikes Carpenter(1865-1938) [122] President Jefferson Coal Company, trustee for the Society Savings [123] Ami was executive vice-president of the national Garden ...