I appreciate your contributions Nelson. Please Don’t be deterred.
Warmly,
Rick Sousa
On Oct 1, 2021, at 11:24 AM, nrcwinner@xxxxxxxxx wrote:
NELSON:
Just curious!
Why are you flooding us with all usrless information?
Go help someone in need!!!
I am tired of deleting them.
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On Fri, Oct 1, 2021 at 4:47, NELSON DICE
<nelsondice@xxxxxxxx> wrote:
Sorry, quote from Julliard v Greenman
https://www.law.cornell.edu/supremecourt/text/110/421
LEGAL TENDER CASES
From: NELSON DICE
Sent: Friday, October 1, 2021 7:43 AM
To: Administrating-Your-Public-Servants@xxxxxxxxxxxxx
Subject: [administrating-your-public-servants] McCullagh v Maryland. Glenn
and others quote many times, pay in pesos etc...., noticed this in the OPINION
Upon the issue of stock, bonds, bills, or notes of the United States, the
states are deprived of their power of taxation to the extent of the property
invested by individuals in such obligations, and the burden of state taxation
upon other private property is correspondingly increased. The 10 per cent.
tax, imposed by congress on notes of state banks and of private bankers, not
only lessens the value of such notes, but tends to drive them, and all state
banks of issue, out of existence. The priority given to debts due to the
United States over the private debts of an insolvent debtor diminishes the
value of these debts, and the amount which their holders may receive out of
the debtor's estate. So, under the power to coin money and to regulate its
value, congress may (as it did with regard to gold by the act of June 28,
1834, c. 95, and with regard to silver by the act of February 28, 1878, c.
20) issue coins of the same denominations as those already current by law,
but of less intrinsic value than those, by reason of containing a less weight
of the precious metals, and thereby enable debtors to discharge their debts
by the payment of coins of the less real value. A contract to pay a certain
sum in money, without any stipulation as to the kind of money in which it
shall be paid, may always be satisfied by payment of that sum in any currency
which is lawful money at the place and time at which payment is to be made. 1
Hale, P. C. 192-194; Bac. Abr. 'Tender, B. 2;' Poth. Cont. No. 416; Pardessus
Droit Commercial, Nos. 204, 205; Searight v. Calbraith, 4 Dall. 325. As
observed by Mr. Justice STRONG, in delivering the opinion of the court in the
Legal-tender Cases, 'Every contract for the payment of money, simply, is
necessarily subject to the constitutional power of the government over the
currency, whatever that power may be, and the obligation of the parties is,
therefore, assumed with reference to that power.' 12 Wall. 549.
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