Friday, February 14, 2014

Court Decision

OTTAWA, May 19.

The Court reversed the judgment in the Wright case, deciding the law requiring the revenue to be collected and paid out in gold and silver alone, as obligatory now as it was previous to the passage of the act of Congress making treasury notes legal tender in payment of debts.  This is a subject exclusively within the control of our Legislature, and with which Congress as nothing to do.  The Legislature might require all revenues to be paid in gold alone or in silver, or corn or cattle, although gold and silver have always been legal tender in the payment of debts.  An opinion at length will be hereafter written.

Published in The Davenport Daily Gazette, Davenport, Iowa, Wednesday Morning, May 21, 1862, p. 1

No comments: