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Definition of "subtreasury" []

  • A subordinate treasury, or place of deposit. (noun) : Text is available under the Creative Commons Attribution-ShareAlike License

Use "subtreasury" in a sentence
  • "The subtreasury system rejected the last in any form, and as it was believed that no reliance could be placed on the issues of local institutions for the purposes of general circulation it necessarily and unavoidably adopted specie as the exclusive currency for its own use; and this must ever be the case unless one of the other kinds be used."
  • "The question of the continuance of the subtreasury system is respectfully submitted to the wisdom of Congress."
  • "Heading these were the monetary planks: "a national currency, safe, sound, and flexible, issued by the general Government poly, a full legal tender for all debts," with the subtreasury system of loans "or a better system; free and unlimited coinage of silver and gold at the present legal ratio of sixteen to one"; and an increase in the circulating medium until there should be not less than $50 per capita."
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