Whiskey payments, also referred to as liquor payments, are promissory notes issued by American distilleries throughout the 18th and nineteenth centuries. These notes have been used to finance the manufacturing and growing old of whiskey, and so they have been typically used as a type of foreign money in frontier areas.
Whiskey payments have been sometimes issued in denominations of 1 to 5 {dollars}, and so they have been typically backed by the distillery’s stock of whiskey. They have been a preferred type of funding, as they supplied a excessive price of return. Nevertheless, they have been additionally dangerous, as the worth of the notes may fluctuate relying on the success of the distillery.