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Excerpt from History: Legal Tender Paper Money Issued During the Great Rebellion, Loan Without Interest and a National Currency
This mode of making the disbursements for the large war expenses was regarded by me at that early period of the war as of vital consequence to the stability of the finances of both government and people; hence the preparation and adoption of the sixth sec tion of the act of August 5, 1861, giving the Secretary of the Treasury discretionary power to suspend the sub-treasury law in respect to these loans.
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