Science Fair Project Encyclopedia
Fractional Currency
Fractional Currency notes were issued from August 21, 1862 through February 15, 1876. Secretary of the Treasury Salmon Chase proposed to authorize postage stamps of some type as a new currency. Much of the public were using stamps as beacuse of a severe shortage of coins caused by the Civil War. Originally fractional notes were issued in perforated sheets like stamps, but heavy demands made tham be mad unperforated.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details