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:
“The class of citizens who provide at once their own food and their own raiment, may be viewed as the most truly independent and happy.”
—James Madison (1751–1836)
“Listen to me, imbecile. If the Treasury is important, then human life is not. This is clear. All those who think like you ought to admit this reasoning and count their lives for nothing because they hold money for everything.”
—Albert Camus (1913–1960)