Flints Letters From America 1818 1820
Flints Letters From America 1818 1820
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64 Small bills are in circulation of a half, a fourth, an eighth, and even a sixteenth part of a dollar. These small rags are not current at a great distance from * The supply of specie in the Western country had always been inadequate. Until the numerous state banks began to flood the country with paper money, about the second decade of the century, barter was regularly employed. Flint was in the West when the financial stringency that followed the War of 1812-15 was beginning to be felt in th...at region, and the reaction against the worth- less state banks had set in. See post; also McMaster, History of the United States, iv, pp. 484-487. ED. 1818-1820] Flint's Letters from America 131 the places of their nativity. A considerable proportion of the little specie to be seen is of what is called cut money. -Dollars cut into two, four, eight, or sixteen pieces. This practice prevents such money from being received in banks, or sent out of the country in the character of coin, and would be highly commendable were it not for the frauds committed by those who clip the pieces in reserving a part of the metal for themselves.
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You can find similar books in the "Read Also" column, or choose other free books by James Flint to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
64 Small bills are in circulation of a half, a fourth, an eighth, and even a sixteenth part of a dollar. These small rags are not current at a great distance from * The supply of specie in the Western country had always been inadequate. Until the numerous state banks began to flood the country with paper money, about the second decade of the century, barter was regularly employed. Flint was in the West when the financial stringency that followed the War of 1812-15 was beginning to be felt in th...at region, and the reaction against the worth- less state banks had set in. See post; also McMaster, History of the United States, iv, pp. 484-487. ED. 1818-1820] Flint's Letters from America 131 the places of their nativity. A considerable proportion of the little specie to be seen is of what is called cut money. -Dollars cut into two, four, eight, or sixteen pieces. This practice prevents such money from being received in banks, or sent out of the country in the character of coin, and would be highly commendable were it not for the frauds committed by those who clip the pieces in reserving a part of the metal for themselves.
What to read after Flints Letters From America 1818 1820?
You can find similar books in the "Read Also" column, or choose other free books by James Flint to read onlineMoreLess
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