Bruce D. McLean


Paper money is a vital part of our economic system and the currency produced by the Bureau of Engraving and Printing has a long and colorful history. This article describes the intimate involvement of Newport with the issuing of paper money in Rhode Island from 1710 to 1935. This was initially because of its role as an early capital and the commercial center of the state and later as banks participated in the National Bank system. Thus, the "City by the Sea" provides a microcosm for the study of the evolution of paper money in the United States.