non-promissory

Updated: May 7, 2025

This was tried out in the famous case of Juilliard vs. Greenman, and the decision was, as on the other two occasions, in favor of the greenback. In spite of all this, however, the zeal for the fiat or non-promissory theory and practice of paper money almost totally died away after about 1880.

Elisha Benjamin Andrews - History of the United States, Volume 4