Why Don't They?

WS 1864-03-19 Why Don't They p 2, col E.JPG

Title

Why Don't They?

Subject

Economy

Description

The U.S. government was strapped for cash during the Civil War, and issued paper money or "greenbacks," taking the United States off the gold standard. The bills were discounted and devalued, as wartime inflation drove real prices higher. The Washington Statesman has editorialized in the past about the unfairness of paying U.S. military personnel with greenbacks, at par.

Abstract

The Washington Statesman editor asks why local Walla Walla merchants don't standardize their discounting of greenbacks, as the merchants in Portland and San Francisco.

Source

Washington Statesman

Publisher

Walla Walla W.T.: R.R. and S.G. Rees

Date Issued

1864-03-19

Medium

Web

Type

article

Bibliographic Citation

Vol. III, No. 14, p. 2, col. E

Spatial Coverage

Walla Walla; Walla Walla

Provenance

Washington Secretary of State: Historic Newspapers

URL

http://sos.wa.gov/history/newspapers.aspx

Start Page

2

End Page

2