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<p>[QUOTE="johnmilton, post: 7782267, member: 101855"]Here’s some information about the symbolism on this token.</p><p><br /></p><p>The “sub treasury” in the turtle’s back refers to that agency that did the Federal Government’s collections and payments. Previously these functions had been provided by The Bank of the United States. When Andrew Jackson pulled the money out of the U.S. Bank and deposited it with his “pet banks,” he found that they were unreliable. The replacement was the sub treasury. The implication here is that the sub treasury was slow to make payments. The Sub Treasury existed until the Federal Reserve was created circa 1913. </p><p><br /></p><p>The reverse features a running jack ass. Previously Andrew Jackson had been depicted on a few Hard Times tokens as a jack ass. In his inaugural address, Martian Van Buren, Jackson’s hand picked successor, said that he was “following in the steps of his illustrious predecessor.” Therefore he too is shown as a jack ass.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 7782267, member: 101855"]Here’s some information about the symbolism on this token. The “sub treasury” in the turtle’s back refers to that agency that did the Federal Government’s collections and payments. Previously these functions had been provided by The Bank of the United States. When Andrew Jackson pulled the money out of the U.S. Bank and deposited it with his “pet banks,” he found that they were unreliable. The replacement was the sub treasury. The implication here is that the sub treasury was slow to make payments. The Sub Treasury existed until the Federal Reserve was created circa 1913. The reverse features a running jack ass. Previously Andrew Jackson had been depicted on a few Hard Times tokens as a jack ass. In his inaugural address, Martian Van Buren, Jackson’s hand picked successor, said that he was “following in the steps of his illustrious predecessor.” Therefore he too is shown as a jack ass.[/QUOTE]
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