, 1870-04-26
MONETARY AND COMMERCIAL
MONETARY.

- lega1-tender cases' from the supreme Court
removes for at least two years the possibility
Of any attempt a. reopeniug the argument oa
the consti,utionality Of the Legal-fcnder Act
as applied to debts contracted before it's pas-
cage There ii now no other similar case on
the docket Of either tho Supreme Court OF the
Court of Claims, and il one we're now entered
it would take at least tEo Yeas to reach it, and
even then would probably be got nd Of as these
have been. The Court havins been relieved
from = reconsideration OF tho Arguments On
the Legal-Tcnder question, not By any action
Of its own, but by voluntary withdrawal ef
the caSeH Of the parties interested. tho inter-
iretAton Of the Legal-Tcnder set remains
Ireeircly the same AZ though these Withdrawn
euits Lad never been brought, and under the
decision OF the court in the case OF Hepburn
rs. Griawold, all lower courts, both Federal
AID state, will he hound to sustain the collec-
tion in gold Of al debts contracted prior to the
Legal Tender act There il some reason for
huprosing that the withdrawal Of thess cases
Was the resultof an Arrangement, or under
standing, the object Of which WAS to avoid any
rupture in The court itself. Tho facts in ore
u tho cases Withdrawn we find etated 10 The
New York Journal Of Commerce as follows:
20. 3. i o. s. Latham, tho claimants, contracted
with the government To build q Custom House nt
Buffalo, New York. and another at oswego, New
York. The contract, made IN 1861 provides that
they shall le ait tn tood ind la3fui rpn<v cF tAs
eon u the Ensled Stdf<a An appropriation for the
nuildln&e efec&ed " lhe elalnantS WIS made IN
1>as, 'Out OF moneys heretofore appropriated !"
4 T., In 1es', and "lu tuli of their claln SUM
If th cIaia m I nnr.sT :" a5 nc ~, amount
sci to nav The claimant s!s'aSs iain1 -
payment Of muneys remaining due under bis con-
tract The Treasurer Of the United states patd
this IN treasury noteA tesn worth bnt 4 cents on
@ a4t aoal =! ans ts.aG OF Ep.a Gun. ihe e!aim-
.uv rald ID Tryssury nutes and brn,irht arti.n IN
thc Cour, OF CLAIMS u recover lhs ds,aaues ther,.
BY suffered = =
ne Cohrs OF Glaltna decided :" that tho United
sta.es n.ses % ~ ensss 70 ana received BY elair:
t ~ ri.,snta n tha ~ III ., my asDt
thr srecaI cottracts se; fptn IN H. ncttion nr n
any uther manner wha1soevcr." - -
''Fruul this decision, given in the October Term.
1861, the MessEs Latham appealed to the Supreme
C"uft- The eases came up together 10 the St,-
Irne Gonfs ieoM me corft oe.w brought by the
the xans ~ Xix and c,nnct sIe =, ~ ,,g ."ss "
yneut vas made. Being r1,yernntn, s iu,snp,.ss ~
tRcy went forward on the docket, and nc dis.
lntssal Of the cascg leaves The Ls,al-tender and
cHn contract question just as It was before they
were brought, and places II out Of The power 0i
any any one 70 drs~ new decision frotu the Court on
'Dg qnemton .,..
~ W. r ~ see1 9 VA, mtns case, the Judgement
aec.sion OF me supreme Court IN the case OF
ncptnfn Is. Gfls"old. the supreme Court
a'slnlssed tue case of the Lathams, 1t was in
lact alnfmMS me decision o. the Court Of
Claims. II the Lathans withdrew 1t, they &C.
celtso tne 3ndsment OF !he Court OF Claims,
al'a ~ nsilnes case Mou,o tneif SUI be dec1ded
N aceoiuanee WIN the declsion Of the supreme
1Iaf1 n 1ne casg 0! Hepnurn -. Gr1swold.
=, 1ue OILY ,eAsouapie inference, therefore, IL,
,Aat sotneoeas pau Tue ms thc dlnstence
u'"sIn nI fotu AIa euiEeucs, ~ otuef 70 aFoid a
oss.oss non H .I tne former decision.
nesi ~ s''0oe' "'4'n ~ '"sn "i'noS@"'ns too ap'
,T1,. bn.;rsaa ,n,,,,. x;,, Iva ,7.,, "a ,,.
t1,at tba snsnant, :, =, ro,.. ~ pJau " .c.lt Il
r.Eous fu,,,c;.I I,;,is esta-., VA @ nuspc i tug
faIc !, sI,u,t :, nn1, - - ~ r. w W
rr1soi, ;nfoTns ns ,h,t tha a. eru Cta ine 'es. u.
IT. s,a Sfa.1s .na .1.o ~ C..ee Cna!.. " "
Hanlur mi. Cnrre,,c1 hsv, .ndc.i t1a;r .ssI, ~
.~,,;n,,s ND - e,e suueu ~ suell ueno-
tha Uouse and un v,,.ii tna,r y, i. .Ss.As "
wl,.t cl,anrcs Vii ta ma1a IN +ha ~, ~
currency s2stem. If ,beTe ,Ts ' to w. anr = III ~
The nruminent feature il, Ike 1nona1 m,,L"t l..i
in tLo con,;nuci .rcumuIstion ~ unsn.n1,, ~,
fun,]s hotI, Iar.. .nd n Naw Vo.t III. :; 80.
month loo csrlv fr ~, hcriun;n ~ ~ t,ansp'.
simmer n1e,hor. and ;a r. r. .scnrrta,, -.
naTtiT On thc s-rnnnd thst tba .c;t.t;o, ~ "
fn,nris1 sei,ar,as IN cora-axs T., ~. " -.
tha .n,a5enao ~ ~ ~, E,s .i aAe eo snnhst
not i,nncb ;n,o vow rnuu ou.n,o-.;. ' ptopls ~
and nsrtir hacsnsa n ~ Nn-h%a,.
the Ec.tEer h,s hson f.wnrsh,e ~
n1ant;nr and f,war, hsra 49, ~ !r;ns
ffI,oir st,,nt;on - ,n.4 ;os..'T s.stus
Eot;na wh.t ~ @a oA a
- - ~ Aaao
Luslesh .. Mien toa SAts Joooets nas oeen 6ooa
,ot wy "eehe' because eouhst! merchants
I'M &IS =