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Updated: June 16, 2025
Those were days, too, in which a depot quartermaster with a drove of government mules and a corral full of public vehicles at his command was a monarch in the eyes of the early settlers; and when, added to these high-priced luxuries, he had on deposit in various banks from Chicago to Cheyenne, and even here at Gate City, thousands of dollars in government greenbacks expendible on his check for all manner of purposes, from officers' mileage accounts to the day laborer's wages, from bills for the roofing of barracks and quarters to the setting of a single horseshoe, from the purchase of forage and fuel for the dozen military posts within range of his supply trains down to a can of axle grease.
He'd of left em a heap more money and ud been one of the richest men in the country, ef'n de war hadn't broke out. When it was over he had a barrel full of 'Federate greenbacks. But t'want no count. He done broke den. One day my uncle, he was the colored overseer, he went to Danbury, six miles from whar we lived at, and he paid $5 for a pound of coffee.
In my judgment the present condition of the Treasury amply justifies the immediate enactment of the legislation recommended one year ago, under which a portion of the gold holdings should be placed in a trust fund from which greenbacks should be redeemed upon presentation, but when once redeemed should not thereafter be paid out except for gold.
Pike of Maine doubted the necessity of enforced contraction; but if contraction was necessary, he was for taxing the circulation of national banks out of existence, and afterwards retiring greenbacks. "Once upon a specie basis," said he, "let the business of the country regulate itself." He proposed also to allow the States to tax the bonds of the United States. Mr.
Morton, following her wild glance, echoed the cry, for the supposed wad of tobacco, uncurling in the heat, was now plainly seen to be a roll of greenbacks! Morton sprang forward and made a lunge for them; Sara, regaining her wits, did the same, while Molly shrieked and whirled like a dervish, but alas! it was too late!
Nevertheless, if I can demonstrate to a certain party that it will not cost more than three quarters of a million, he'll loan me the money." The old man shook his head. "I don't believe it, Bryce. Who's the crazy man?" "His name is Gregory. He's Scotch." "Now I know he's crazy. When he hands you the money, you'll find he's talking real money but thinking of Confederate greenbacks.
The host himself had suffered not a little from their forays, and while his sentiments were broadly Southern his business instincts were emphatically on the side of the greenbacks of the North.
The latter name came from the fact that, under the law, the United States notes were legal tender for all debts, public or private, except customs duties and interest on the public debt. In other words, the law compelled creditors to receive the greenbacks in payment of all debts, with the two exceptions mentioned.
"It is that," said Miss Hoag, making a pencil insert into a small memorandum-book. "You!" cried the Baron, the screw lines out again. "You money-bag tied in the middle! I know a tattooed girl worked with you once on the St. Louis World's Fair Pike says you slept on a pillow stuffed with greenbacks." "You're crazy with the heat," said Miss Hoag.
I'm going to take you to a place where the color scheme of your greenbacks has got to be yellow. Color up there, Doll. You ain't going dead, are you?" She stretched open her eyes to wide, laughing pools, plowed through the rear-counter debris of pasteboard boxes and tissue-paper, reached for her jacket and tan, boyish hat. A blowy, corn-colored curl caught like a tendril and curled round the brim.
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