The Life And Public Services of James Buchanan Late Minister to England And for

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It is impossible for the poor man to say he will not take them, for there is scarcely any silver change in circulation anywhere. He must receive them for his labor or starve. The paper on which these small notes are printed is often so bad, and they are so inartificially got up, that it is almost impossible to distinguish between the counter feit and the genuine. To counterfeit then has became a regular business, as it has been carried to a great extent.
"Our currency below five dollars now con
...sists of this com bined mass of genuine and counterfeit shin-plasters, and many of the counterfeits are intrinsically of equal value with the genuine. Some are payble in one medium and some in another. Some are on demand, and others have years to run before they reach maturity. The very moment the banks resume specie- payments, this mass of illegal and worthless currency will be rendered entirely useless. It will fall a dead weight in the hands of the holders, and these will be chiefly the very men who are least able to bear the loss.

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