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Letter from Salmon P. Chase to...
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Letter from Salmon P. Chase to Representative Thaddeus Stevens, January 29, 1862

In this letter to Thaddeus Stevens, Chairman of the House Committee on Ways and Means, Secretary of the Treasury Salmon P. Chase revealed his ambivalence about making paper notes legal tender as the House of Representatives debated the Legal Tender Act. Chase abhorred making paper notes legal tender, but recognized the need for urgent action.

Records of the U.S. House of Representatives, National Archives and Records Administration

 

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The condition of the Treasury certainly renders immediate action on the subject of affording provision for the expenditures of the Government both expedient and necessary.

 
 
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