We are talking about actual, national bank notes here, not Schrute Bucks or Canadian Tire money, right? Your claim was that money issued by local, territorial or state banks was not accepted nationwide. Which is false.
Holy de-railed thread Batman!
We are talking about actual, national bank notes here, not Schrute Bucks or Canadian Tire money, right? Your claim was that money issued by local, territorial or state banks was not accepted nationwide. Which is false.
Quoting YOU:
"Paper currency in the form of banknotes was issued by privately owned banks; the notes being redeemable for specie at the bank's office. They were not legal tender. Such notes had value only if the bank could be counted on to redeem them. If a bank failed, its notes became worthless."
This was common in the 1800's, this money was not good outside of the locale where it was issued, trains that ran across the US would not accept it local monies.. Just like my frequent flier miles are not good on other airlines OTHER than those that have a bilateral agreement.
Researching the History of Currency in the US, currency issued by states was generally accepted in other states, however, mostly at a discount which could be as much as 40 % or more depending on distance.
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No way, this is better than Netflix! :PGentlemen, I believe a bit cooler tone is in order.
Just a fun statement from a sarcastic person who can also claim that everything he owns is paid for.Is that a know-it-all statement?
Not sure which one you mean.I think I'll just add a "know-it-all" to my ignored list.
I thought they were outlawed at one time. Could have been a city ordnance.IBTL with more important stuff:
Did you know that you can still buy a steering wheel spinner knob at AutoZone?
I'm going to have to call BS on that!Some of you may already know this:
The latest survey shows that three out of four people make up 75% of the population.
IBTL with more important stuff:
Did you know that you can still buy a steering wheel spinner knob at AutoZone?
Al Gore didn't invent the internet, I did!
-- George Washington
Not sure which one you mean.