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HOARDING OF LVER DROVE HARD COINS
OUT OF SIGHT — PAPER 25/ AND 50/ CURRENCY INTRODUCED ORIGINALLY TO STOP USE OF CAR TICKETS AND POSTAGE STAMPS BEING USED FOR CHANGE June - 1865
N.O. Times - Tuesday, June 30, 1865 p *+ c 2
SMALL MONEY
Small silver has been proposed to attempt an important and much needed change in small currency, by calling in the inconvenient paper currency of a lower denomination through 25/, issuing in exchange small silver.
It would be a very pleasing thing to handle a little hard money just now, even if we were obliged to content ourselves with dimes and half-dimes. It is a question, however, whether between the brokers and the hoarders of specie, they would long remain in circulation.
When the greenbacks first appeared, the small change went out of sight in a twinkling. It is not likely that it has been exported to any extent, but	it	will do to hide in stockings, and to speculation,
as well as coin	of	more value. There can be	little doubt	that there
is enough of small	silver in the country for	the wants of	trade, but
it has gone out	of	sight with the halves and	quarters.
There is the same present need for largex silver—indeed, it is more necessary because of the counterfeit 25/ and 50/ in circulation— but there could be no hope of keeping that in circulation, and we think there could be very little chance for silver of any size.
The small paper currency is bad enough, but if that should be withdrawn we should soon have to depend on tickets and postage stamps as of old, before the little shin plasters appeared.