Rag Money Publique Deposited
A nickname given to the paper money introduced during the Civil War in the United State's.
During the Greenback agitation the ad- vocates of unlimited paper money were often depicted by the cartoonists as nursing a rag doll, in allusion to the fact that the paper on which the Greenbacks were printed was made almost entirely from linen rags.
- Frey's Dictionary (American Journal of Numismatics, Vol. 50, 1916)