In combination with Treasury Notes, in 1861, Congress licensed the Treasury to borrow $fifty million in the form of Demand Notes, which did not bear interest but can be redeemed on demand for important metals. Nonetheless, by December 1861, the Union govt's provide of specie was outstripped by need for http://simonacdee.slypage.com/967907/new-step-by-step-map-for-dollar