Kilpatrick's Currency
From: History of Will County, Illinois
By: August Maue
Historical Publishing Company
Topeka-Indianapolis 1928

Kilpatrick's Currency. - A little incident is related of his coming, which is at the same time interesting and amusing. When Kelly came to the neighborhood, it was with the object of purchasing a piece of land, with a view of making it a home. Having fixed upon a tract belonging to John Kilpatrick, which land was for sale, a bargain was struck, the deed made and the purchase - money paid down - $800, all in Mexican dollars. Kelly, having bought his home, went his way, intending to return the next season to put out a crop and make improvements, and Kilpatrick pocketed his cash, congratulating himself on having made a good sale. By and by Kilpatrick wished to use some of the money, and it was paid out in various ways - some of it paying bills at the store and other amounts being loaned to neighbors, who used it for different purposes, so that, in a short time, it was all in circulation. All at once it was discovered that the whole lot of coin was bogus. In those times, money did not leave a community and circulate so rapidly as now, so that, although the $800 had all been paid out, it had not left the neighborhood, and small amounts were in the hands of almost everybody. By common consent, and a suspicion that, perhaps, after all, the money was genuine, it continued to circulate and was paid out and taken at par. Gradually the coins became scarcer, indicating that they were finding their way out in the world; but "Kilpatrick's currency" was a standing joke for years after the last piece was seen. Kilpatrick and Kelly were both innocent parties, having both received and paid out the "stuff", supposing it to be good. Kelly returned in the Spring following and occupied his farm, and was much surprised to learn that it had been bought with counterfeit money, and gratified that it had been placed beyond redemption.

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