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Texas State Treasurer was an elected constitutional officer in the executive branch of the state government of Texas, responsible for overseeing the financial operations of state government. The position was established in the Constitution of 1876 .
Applied to the production of paper currency, copper-plate engraving allowed for greater detail and production during printing. It was the transition to steel engraving that enabled banknote design and printing to rapidly advance in the United States during the 19th century.
The BEP's role as printer of paper currency makes it one of two Treasury Department agencies involved in currency production. The other is the United States Mint , which mints coinage . With production facilities in Washington, D.C. , and Fort Worth, Texas , the Bureau of Engraving and Printing is the largest producer of government security ...
The Continental Congress also issued paper money during the revolution — known as continental currency — to fund the war effort. To meet the monetary demands of the war, state and continental governments printed large amounts of currency, leading to rapid depreciation. By the end of the war, these paper notes became effectively worthless.
Crane and Company patented banknote paper with embedded silk threads in 1844 and has supplied paper to the United States Treasury since 1879. Banknotes printed on pure silk "paper" include "emergency money" Notgeld issues from a number of German towns in 1923 during a period of fiscal crisis and hyperinflation .
The Secretary of the Treasury directed a reduction in paper currency from a 7 + 7 ⁄ 16 inch by 3 + 9 ⁄ 64 inch size to a 6 + 5 ⁄ 16 inch by 2 + 11 ⁄ 16 inch (6.31" × 2.69") size, which allowed the Treasury Department to produce 12 notes per 16 + 1 ⁄ 4 inch by 13 + 1 ⁄ 4 inch sheet of paper that previously would yield 8 notes at the ...
Annual Report of the Secretary of the Treasury on the State of the Finances (Report). United States Government Printing Office. pp. 400– 403. Friedberg, Arthur L.; Friedberg, Ira S. (2013). Paper Money of the United States: A Complete Illustrated Guide With Valuations (20th ed.). Coin & Currency Institute. ISBN 978-0-87184-520-7
During the Panic of 1837, the Texas Congress authorized the issue of interest-bearing promissory notes to pay expenses and sustain commerce. These notes were known as "star money" after the prominent five-pointed star printed on the front. They had to be passed by endorsement and therefore were held mainly as investments rather than public ...