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:
“A wise parent humours the desire for independent action, so as to become the friend and advisor when his absolute rule shall cease.”
—Elizabeth Gaskell (1810–1865)
“The treasury of America lies in those ambitions and those energies that cannot be restricted to a special, favored class. It depends upon the inventions of unknown men; upon the originations of unknown men, upon the ambitions of unknown men. Every country is renewed out of the ranks of the unknown, not out of the ranks of those already famous and powerful and in control.”
—Woodrow Wilson (1856–1924)