Depreciation Quotes
This quotation shows that in 1922 a major state prison was operated at a profit with NO COST to the taxpayer. They key was that the Warden was an experienced successful businessman who put the prison into a number of different businesses which paid the expenses and taught the inmates marketable skills like stone carving. The model however has been opposed by businesses in the area which saw the prison as competition and labor unions which saw the model as taking jobs away from honest, non-criminal workers and not paying high wages.
Note the candor with which the Congress provided the truth to Americans about the financial situation of the nation. Despite the national crises and emergency of the war, the Congress told the truth and did not treat the citizens as children from whom bad news must be withheld. At the time, each state and many individual banks had their own paper currency, these could be easily counterfeited and were done so by the British to collapse the American economy. Because of this early traumatic experience with paper money, the United States did not use it for another 70 years.