four-and-a-halfs

Updated: February 27, 2026

The fives were redeemable after ten years, the four-and-a-halfs after fifteen years, the fours after thirty years. The laws were not enacted without considerable legislative controversy. The exemption from taxation and the payment in coin were stubbornly though unsuccessfully resisted.

James Gillespie Blaine - Twenty Years of Congress, Volume 2 : From Lincoln to Garfield, with a Review of the Events Which Led to the Political Revolution of 1860