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legal tender
1. The paper currencies of North America consisted, not in bank notes payable to the bearer on demand, but in a government paper, of which the payment was not exigible till several years after it was issued ; and though the colony governments paid no interest to the holders of this paper, they declared it to be, and in fact rendered it, a legal tender of payment for the full value for which it was issued
2. A positive law may render a shilling a legal tender for a guinea, because it may direct the courts of justice to discharge the debtor who has made that tender ; but no positive law can oblige a person who sells goods, and who is at liberty to sell or not to sell as he pleases, to accept of a shilling as equivalent to a guinea in the price of them
3. No law, therefore, could be more equitable than the act of parliament, so unjustly complained of in the colonies, which declared, that no paper currency to be emitted there in time coming, should be a legal tender of payment
4. By advancing to private people, at interest, and upon land security to double the value, paper bills of credit, to be redeemed fifteen years after their date ; and, in the mean time, made transferable from hand to hand, like banknotes, and declared by act of assembly to be a legal tender in all payments from one inhabitant of the province to another, it raised a moderate revenue, which went a considerable way towards defraying an annual expense of about £4,500, the whole ordinary expense of that frugal and orderly government
5. used as legal tender
6. I began counting the legal tender
7. Profits, if any, turned into blue smoke and ashes, thereby stabilizing the wheels of commerce by continually removing excess illegal tender from circulation
8. As a matter of fact they’re legal tender that can be used in certain financial transactions in Japan
9. As to the specific point which has been raised, current thinking is that the new State of Ireland would become an automatic member of the EU, and that, for a specified period of time, probably ten years, both the US dollar and the Euro would be regarded as legal tender, with the Pound Sterling being phased out of circulation as the Dollar is phased in
10. In countries such as Canada and South Africa, some gold coins are actually legal tender
11. The third reason I like gold coins is that they’re issued by a federal government and instantly recognized as such; in some countries (Canada and South Africa), they’re even considered legal tender
12. That bank paper, if good, is in fact money, although not made a legal tender, cannot be denied
13. But it is said that this restriction applies only to bills of credit which are made a legal tender in the payment of debts; that bills of credit, designated in the constitution, are ex vi termini a legal tender
14. For the correctness of this exposition, an appeal is made to the restriction which immediately follows it, which restrains the right of the States to make anything but gold and silver a legal tender in the payment of debts
15. If the States are prohibited from emitting bills of credit, it would have been, to say the least of it, wholly nugatory to say they should not make them a legal tender
16. If the bills are not emitted, it is impossible that they can be made a legal tender
17. To suppose that the restriction upon the right of the States to make any thing but gold and silver legal tender has any connection with or influence upon the restriction to emit bills of credit, is as absurd as to suppose that the Decalogue, after having declared that "thou shalt do no murder," should have added, but, if you will murder, you shall not rob and strike the dead
18. But it is said that the history of the States will show that the bills of credit specified in the constitution were those only which were a legal tender in the payment of debts
19. it is said the history of the States will show that the bills of credit specified in the constitution, were those only which were a legal tender in the payment of debts, 309;