Spencer Clark Put Himself on Currency

Spencer Clark Put Himself on Currency

In 1866, Congress intended to honor explorer William Clark by placing his portrait on the five-cent note. However, due to a last-name mix-up, Treasury official Spencer M. Clark instead approved his own image for the bill. The controversy embarrassed lawmakers and directly led Congress to pass legislation banning the portraits of living people from appearing on U.S. currency.

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Categories: FinanceHistory

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