When masterfully forged bills appear in circulation in several Western towns, West and Gordon must catch the forgers to prevent the collapse of the U.S. economy from a flood of nearly perfect counterfeit bills. The trail leads to an emporium and a dead circus performer with a suitcase full of counterfeit bills, and to Harry Holmes, a master forger supposed dead eight years. Written by
Did You Know?
Paper currency issued by the U.S. government was generally considered unconstitutional before the time of Pres. Grant. The U.S. Constitution only allows Congress to "coin" money and only allows legal tender coin to be used for legal payment. Before then, only paper currency issued by private banks (hence the term banknote) were circulated. Once the Civil War broke out, the U.S. government resorted to printing paper currency (the original greenback) in order to help pay the enormous cost of prosecuting the war. The presumed unconstitutionality of the greenback was temporarily ignored until the war was over. Once Grant was President, he nominated two judges to the Supreme Court whom he knew would rule in favor of the constitutionality of paper money, much as abortion is the litmus test for the nomination of a judge now. It was the issuance of paper currency by the US government, and the problem of counterfeiting, that led to the creation of the Secret Service, an agency of the Treasury Department. See more
About halfway through the episode, West is accused of libel for making the claim that counterfeiters are being supplied with paper. Libel is written defamation; the accusation should be slander, which is spoken. But, in either case, slander and libel cannot be made to the one who is accused - it must defame them, which it cannot, if made to the accused. See more
James T. West
You've changed my whole life through dynamic numerology.