About: Treasury Note (19th century)

Facets (new session)
Description
Metadata
Settings
- Rule:
- Inverse Functional Properties:
- "Same As":

About: Treasury Note (19th century) Goto Sponge NotDistinct Permalink

An Entity of Type : dbo:Agent, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)
QRcode icon

http://dbpedia.demo.openlinksw.com/describe/?url=http%3A%2F%2Fdbpedia.org%2Fresource%2FTreasury_Note_%2819th_century%29

A Treasury Note is a type of short term debt instrument issued by the United States prior to the creation of the Federal Reserve System in 1913. Without the alternatives offered by a federal paper money or a central bank, the U.S. government relied on these instruments for funding during periods of financial stress such as the War of 1812, the Panic of 1837, and the American Civil War. While the Treasury Notes, as issued, were neither legal tender nor representative money, some issues were used as money in lieu of an official federal paper money. However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium. These notes typically were hand-signed, of large denomination (at least $50), of large dimension (bigger than p

Attributes	Values
rdf:type	Thing agent
rdfs:label	Treasury Note (19th century) (en)
rdfs:comment	A Treasury Note is a type of short term debt instrument issued by the United States prior to the creation of the Federal Reserve System in 1913. Without the alternatives offered by a federal paper money or a central bank, the U.S. government relied on these instruments for funding during periods of financial stress such as the War of 1812, the Panic of 1837, and the American Civil War. While the Treasury Notes, as issued, were neither legal tender nor representative money, some issues were used as money in lieu of an official federal paper money. However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium. These notes typically were hand-signed, of large denomination (at least $50), of large dimension (bigger than p (en)
rdfs:seeAlso	Interest bearing note
foaf:depiction
dcterms:subject	Interest-bearing instruments 19th century in the United States Paper money of the United States
Wikipage page ID	22963036 (xsd:integer)
Wikipage revision ID	1096828260 (xsd:integer)
Link from a Wikipage to another Wikipage	Morrill Tariff Spanish dollar Battle of Fort Sumter Demand Note United States Constitution United States Treasury security Utah War Congress of the Confederation Salmon P. Chase Panic of 1837 Continental Congress Legal tender Compromise of 1790 Par value 1st United States Congress Bank of England Bank of North America War of 1812 Whig Party (United States) Representative money Tariff of 1857 Abraham Lincoln Aldrich–Vreeland Act American Civil War American Revolution Federal Reserve Board of Governors First Bank of the United States Founding Fathers of the United States Interest-bearing instruments Paper money Central bank History of the United States (1789–1849) 19th century in the United States Jacksonian democracy James Buchanan James Madison Paper money of the United States Mexican–American War Second Bank of the United States United States Note Compound Interest Treasury Note John C. Spencer Panic of 1857 United States Notes Continental dollar National Banking Act
sameAs	Treasury Note (19th century) Treasury Note (19th century) Treasury Note (19th century)
dbp:wikiPageUsesTemplate	dbt:About dbt:Frac dbt:Main dbt:Portal dbt:Reflist dbt:See_also dbt:Money_and_central_banking_within_the_contemporary_United_States_(pre–1913) dbt:Obsolete_U.S._currency_and_coinage
thumbnail	wiki-commons:Special:FilePath/Tnote1812.jpg?width=300
has abstract	A Treasury Note is a type of short term debt instrument issued by the United States prior to the creation of the Federal Reserve System in 1913. Without the alternatives offered by a federal paper money or a central bank, the U.S. government relied on these instruments for funding during periods of financial stress such as the War of 1812, the Panic of 1837, and the American Civil War. While the Treasury Notes, as issued, were neither legal tender nor representative money, some issues were used as money in lieu of an official federal paper money. However the motivation behind their issuance was always funding federal expenditures rather than the provision of a circulating medium. These notes typically were hand-signed, of large denomination (at least $50), of large dimension (bigger than private banknotes), bore interest, were payable to the order of the owner (whose name was written on the front of the note), and matured in no more than three years – though some issues lacked one or more of these properties. Often they were receivable at face value by the government in payment of taxes and for purchases of publicly owned land, and thus "might to some extent be regarded as paper money." On many issues the interest rate was chosen to make interest calculations particularly easy, paying either 1, 1+1⁄2, or 2 cents per day on a $100 note. Characteristically, the issues were not extensive and, as it has been observed, "the polite fiction was always maintained that Treasury Notes did not serve as money when, in fact, to a limited extent they did." The value of these notes varied, being worth more or less than par as market conditions fluctuated, and they rapidly disappeared from the financial system after the crisis associated with their issuance had ended. The ante-bellum Treasury Notes did not have legal tender status, but financial innovation during the Civil War caused the term Treasury Note to become associated with legal tender instruments such as the United States Notes introduced in 1862 and the Compound Interest Treasury Notes introduced in 1863. The appearance of these new obligations, together with the changes brought about by the National Banking Act, effectively eliminated most of the uses of the old Treasury Notes as money and the term Certificate of Indebtedness was introduced to apply to new notes which possessed the debt-like aspects of the pre-war Notes. Today the Treasury's short term debt needs are fulfilled by Treasury bills. (en)
gold:hypernym	Instrument
prov:wasDerivedFrom	wikipedia-en:Treasury_Note_(19th_century)?oldid=1096828260&ns=0
page length (characters) of wiki page	20668 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Treasury_Note_(19th_century)
is Link from a Wikipage to another Wikipage of	Demand Note History of central banking in the United States Joseph Seligman United States dollar Independent Treasury Interest bearing note United States fifty-dollar bill Treasury Note (19th Century) War of 1812 Fractional currency History of the United States government Jay Cooke John Canfield Spencer Treasury Note (disambiguation) Small Treasury Notes

Faceted Search & Find service v1.17_git139 as of Feb 29 2024

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 08.03.3330 as of Mar 19 2024, on Linux (x86_64-generic-linux-glibc212), Single-Server Edition (378 GB total memory, 60 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software