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On the second circumstances, the fresh Government Put aside cities your order to have released money from the fresh You.S. Treasury Service.72 The fresh Treasury Service, in turn, sends such requests to the Agency out of Engraving and you will Print (so you can print the brand new dollar debts) plus the Agency of your Mint (so you can stamp the fresh gold coins). Paper money try awarded once more inside 1862 without any support of gold and silver as a result of the Municipal Conflict. In addition to Treasury Cards, Congress inside 1861 registered the brand new Treasury to obtain $50 million in the form of Consult Cards, which failed to incur attention but can end up being used to the demand to possess gold and silver. Although not, by the December 1861, the new Union government’s supply of specie are outstripped by demand for redemption plus they was obligated to suspend redemption temporarily.
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