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<p>[QUOTE=&quot;Gam3rBlake, post: 8205051, member: 115909&quot;]I’ve been reading about old American paper currencies recently and first of all I want to say it’s insanely confusing how many notes they have.</p><p><br /></p><p>Private notes, legal tender notes, demand notes, US notes, treasury notes, holy smokes!</p><p><br /></p><p><br /></p><p>ANYWAY: I’ve noticed one thing about Demand Notes.</p><p><br /></p><p>It seems like all the other notes were legal tender <b>except </b>for import duties. Except for the Demand Notes.</p><p>[ATTACH=full]1438273[/ATTACH] </p><p>Can someone please explain to me what was so special about import duties??</p><p><br /></p><p>Why were so many different paper moneys good for everything EXCEPT import duties?</p><p><br /></p><p>If someone could pitch in and let me know firstly why Demand Notes were like the only paper money that could pay import duties and secondly why were import duties so special compared to literally everything else?</p><p><br /></p><p>Interestingly I learned that because they could be used for import duties Demand Notes traded almost on par with gold.</p><p><br /></p><p>Some smart traders and merchants bought Demand Notes specifically to pay import duties which were otherwise payable only in gold or silver.[/QUOTE]</p><p><br /></p>

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