In addition to Treasury Notes, in 1861, Congress approved the Treasury to borrow $fifty million in the form of Demand Notes, which didn't bear fascination but may be redeemed on desire for important metals. Having said that, by December 1861, the Union government's supply of specie was outstripped by demand http://alcuinj468vww1.ttblogs.com/1094183/5-easy-facts-about-dollar-described