The Independent Treasury was a system for the retaining of government funds in the United States Treasury and its subtreasuries, independently of the national banking and financial systems. In one form or another, it existed from 1846 to 1921.
Read more about Independent Treasury: Creation of The System, Problems and Its Demise
Famous quotes containing the words independent and/or treasury:
“All the rights secured to the citizens under the Constitution are worth nothing, and a mere bubble, except guaranteed to them by an independent and virtuous Judiciary.”
—Andrew Jackson (1767–1845)
“In my opinion it is harmful to place important things in the hands of philanthropy, which in Russia is marked by a chance character. Nor should important matters depend on leftovers, which are never there. I would prefer that the government treasury take care of it.”
—Anton Pavlovich Chekhov (1860–1904)