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Updated: June 16, 2025
Then he slipped the greenbacks he had into her palm, and when she began to protest, he whispered: "I'll loan it to you that's all right. I'll loan it to you." He made her take it. She felt bound to him by a strange tie of affection now. They went out, and he walked with her far out south toward Polk Street, talking. "You don't want to live with those people?" he said in one place, abstractedly.
No definite time for the redemption of these notes was specified, and they quickly declined in value as compared with gold. At the close of the war a paper dollar was worth only about half its face value in gold. An attempt was made to raise the relative value of the greenbacks and to prepare for the resumption of specie payments by retiring the paper money from circulation as rapidly as possible.
If we did, Brown of Philadelphia only he was opposed to betting, on moral principle was prepared to wager a trifle that we would soon have more "greenbacks" than we should know what to do with! He had an office already, had my benevolent friend, "located" in a first-rate part of Broadway.
Standing Rock has sent fifty thousand dollars in greenbacks to Spotted Tail. The messenger went through here to-day. Have you seen him?" "Nary messenger," replied Billy, in relief. "Stage goes empty." Charley had crept down the stairs and into the room. "What in hell are yo' doin' yere, yo' ranikaboo ijit?" inquired Billy, truculently.
His last shipment of powder and blacksmith's coal had cost twenty per cent more than he had figured and he had sent for a few more records; and after paying the two bills there was only some small change left in the wallet which had once bulged with greenbacks.
When greenbacks had gone down to forty cents on the dollar, the prices regularly charged everybody by printing establishments were one dollar and fifty cents per "thousand" and one dollar and fifty cents per "token," in gold. The "instructions" commanded that the Secretary regard a paper dollar issued by the government as equal to any other dollar issued by the government.
The payment of the bonds brought up the question, Shall the 5-20's be paid in coin or greenbacks? The Democrats in 1868 insisted that the bonds should be redeemed in greenbacks; the Republicans that they should be paid in coin, and when they won, they passed the "Credit Strengthening Act" of 1869, and in 1870 refunded the bonds at lower rates.
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.
He seated himself on the ground and pulled off his boot from which he extracted a pulpy mass of greenbacks. "Can't fool me!" he said cunningly. "Always save 'nuff for my rig!" He shoved the bills into the liveryman's hands. The latter straightened them out, counted them, thrust a portion into his pocket, and handed the rest back to Darrell. "There you are," said he.
"But one can't walk in and pocket a motor-car as one would a package of greenbacks." "Of course not! But you can get it and run it home. It's only fifty miles, anyhow." "I don't know how to run an automobile. Besides, there's licenses and things that have to be 'tended to first, I think." "Well, somebody can run it, can't there?" "Well, yes, I suppose so. But where are we going to keep it?"
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