1636_ The Saxon Uprising - Eric Flint [8]
“He’s right, I’m afraid,” said Thorsten. His face had a sympathetic expression, though, instead of a sneer. Engler intended to become a psychologist after the war; Major Eisenhauer’s ambition was to found a brewery. Their personalities reflected the difference.
“I was once one myself,” Engler continued. “There is simply no way that a level-headed farmer is going to view your script—call it whatever you will—as anything other than the usual ‘promissory notes’ that foraging troops hand out when they aren’t just plundering openly. That is to say, not good for anything except wiping your ass.”
Bartley looked more lost than ever. “But—but— Of course it’ll be worth something. We’ll get it listed as one of the currencies traded on the Grantville and Magdeburg money exchanges. If Mike—uh, General Stearns—calls in some favors, he’ll even avoid having it discounted too much.” He squared his slender shoulders. “I remind all of you that they don’t call him the ‘Prince of Germany’ for no reason. I can pretty much guarantee that even without any special effort money printed and issued by Mike Stearns will trade at a better value than a lot of European currencies.”
Now, it was the turn of the other officers in the tent to look befuddled.
“Can he even do that?” asked Captain Theobold Auerbach. He was the commander of the artillery battery that had been transferred to Jeff’s unit from the Freiheit Regiment.
Bartley scratched his head. “Well…It’s kind of complicated, Theo. First, there’s no law on the books that prevents him from doing it.”
Auerbach frowned. “I thought the dollar—”
But David was already shaking his head. “No, that’s a common misconception. The dollar is issued by the USE and is recognized as its legal tender, sure enough. But no law has ever been passed that makes it the nation’s exclusive currency.”
“Ah! I hadn’t realized that,” said Thorsten. The slight frown on his face vanished. “There’s no problem then, from a legal standpoint, unless the prime minister or General Torstensson tells him he can’t do it. But I don’t see any reason to even mention it to anyone outside the division yet. Right now, we’re just dealing with our own logistical needs.”
The expressions on the faces of all the down-timers in the tent mirrored Engler’s. But Jeff Higgins was still frowning.
“I don’t get it. You mean to tell me the USE allows any currency to be used within its borders?”
He seemed quite aggrieved. Bartley was grinning, however.
“You’re like most up-timers,” David said, “especially ones who don’t know much history. The situation we have now is no different from what it was for the first seventy-five years or so of the United States—our old one, back in America. There was an official United States currency—the dollar, of course—but the main currency used by most Americans was the Spanish real. The name ‘dollar’ itself comes from the Spanish dollar, a coin that was worth eight reales. It wasn’t until the Civil War that the U.S. dollar was made the only legal currency.”
“I’ll be damned,” said Jeff. “I didn’t know that.”
He wasn’t in the least bit discomfited. As was true for most Americans, being charged with historical ignorance was like sprinkling water on a duck.
Jeff had been sitting long enough, and the stools weren’t particularly comfortable anyway. So he rose and stretched a little. “What you’re saying, in other words, is that there’s technically no reason—legal reason, I mean—that the Third Division couldn’t issue its own currency.”
“That’s right.”
A frown was back on Captain Auerbach’s face. “I can’t think of any army that’s ever done so, though.”
David shrugged. “So? We’re doing lots of new things.”
“Let’s take it to the general,” said Jeff, heading for the tent flap. “We haven’t got much time, since he’s planning to resume the march tomorrow.”
Mike was charmed by the idea. “Sure, let’s do it. D’you need me to leave one of the printing presses behind?