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BANKING SCAM 11
1. Actually, the phrase, "fiat money," did not come into use until the 1880s. It might have helped the Founders to specify more precisely what they had in mind to prevent, but they had no such term.
2. E. H. Scott, ed., Journal of the Federal Convention Kept by James Madison (Chicago: Albert, Scott and Co., 1893), p. 47.
3. 1bid., p. 60.
4. Charles E. Tansill, ed., Formation of the Union of the American States (Washington: Government Printing Office, 1927), p. 306.
5. Merrill Jensen, The New Nation (New York: Vintage Books, 1950), p. 324.
6. .Andrew C. McLaughlin, The Confederation and the Constitution (New York: Collier Books, 1962), pp. 107-08.
7.John C. Miller, Triumph of Freedom (Boston: Little, Brown and Co., 1948), p. 438.
8. Ibid., p. 462.
9. Quoted in Albert S. Bolles, The Financial History of the United States, vol. I (New York: D. Appleton, 1896, 4th ed.), p. 132.
10. Ibid., p. 139.
11. Quoted in ibid., pp. 177-78.
12. See Jensen, op. cit., pp. 247-48.
13. AII the discussion and quotations can be found in Tansill, op. cit., pp. 556-57. While there is no way to know if the record of the debates on this and other matters is complete, nothing has been omitted from Madison's notes.
14. Ibid., pp. 627-38. The committee on style eventually reduced the number of articles in the Constitution to seven, so there is not now an Article X111, of course.
15. Alexander Hamilton, et. al., The Federalist Papers (New Rochelle, N. Y: Arlington House, n. d.), pp. 513--14.

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