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Regarding the second case, the brand new Government Set-aside urban centers an order to own posted funds from the new You.S. Treasury Department.72 The fresh Treasury Company, consequently, delivers this type of demands on the Bureau away from Engraving and you can Print (to print the newest money expenses) plus the https://happy-gambler.com/diamond-reels-casino/ Bureau of the Mint (to stamp the fresh coins). Report currency are granted once more in the 1862 without the support away from metals due to the Civil War. In addition to Treasury Cards, Congress in the 1861 subscribed the fresh Treasury to help you acquire $50 million in the form of Consult Notes, and that didn’t happen desire but could be used to your request to own gold and silver coins. However, by December 1861, the new Partnership government’s supply of specie is actually outstripped by interest in redemption plus they were obligated to suspend redemption briefly.
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