, 1874-12-07
the individual who canuot restrain hia In.
dulgenco thereof.


|--.;.,.- -=E-.,..,,.
~ ;.," LhoALe1 - -, hnDnn iT.';.aa 80 sto+,
,,ra,ne r,a,s. t.. 49, .aoo -, s.. no,,;,noro T.
i1h;o ro;,rona 40 ,rho stoto ~ Morv}nnd
,,,,,;o,, ,o, oao,,n1 oo,oro1 ,,,,;co ronf},r,nn
,,o co,.,;t,,t;onn,,t, ~ tlo r,oc,1. .rouaor oct
NJ onn1ia1 ~ o1,1taot;ona contraotod r,r|or tn
H. ,,e.n.,, 49, - ..,e nj nj, yc 7ano r,o
tro,o hrionv I'm 1,iatorv - I'm Surname
cou~,,s ,on.,x,,rt,,r ,f ,L;a oct II ,v;,l la va.
,no,n}or.a t,,nt c},;cf.1vs,;ra Chase 4, lis
n,,,;o,, =, t}n coso ,f 1Jn,,},,rr, ~, r,,a,yo,3
In vh,c,, ho wna .natn;rod hv n mn,or,,v of
t,,o ronrt f,cc,oros tbot ,,ort,on of tho oct
unconstitutional which maao tlobtg contracted
nrior In ;ta nassaoo novob1o in 1srcosurv notes
uh;of.:1nat;ro f,,,nsa'a forncr nos,t;on aa sco.
ro,arv NJ tho ,rroosurv and hin ;don,;Hco.
finn viii, ,no rrrooyrrv.,,o,o uva,a,n gava hin
decision IN t,,;s coso necu1iar forco b,,t n
1arpe norton Of thu no]iticinug saw At to
o;vo II n rort,eor c;onisconro Th;a oa,nod
f,round. nrobab1v. throuch thu coouettino of
t},e nomncratu with Jud0o choso M n pros;.
dont;o1 cond;doto. md n ,,ort;on of thu m.
npb];can nortv thonoht il waa noccssarv to
rosont this ornrossion 1v ovorr,,lno tho do.
riIfnn ThHra Qhnrf1V nffnr a
m the sunromo Bench. but tho filing of this
,,1oco o,ona wo,1d not aecura n ,naioritv of
tho conrt Conpross then ealcd ono to the
rur,hor ~ srnrono Judooa md h1oaara
nyoi11ov ona strono o,ero annointcd Assoc;ate
,1nst;cca On NAV !. 1871. tho Supreme Court
rondorod doc;siona in tia cascs Of Knox us.
r,oo md porker ~. Davis, which Reversed tho
on;n;on of cb;of.Justice Chase aud affirmed
the constitut;onn1ity of TINT portion of the
oct dcc1arino Trensurv notes to be Legal ten
dar far nil dobta contracted prior. as well as
those contractcd ortar tbo nnasoce of tho net.
unless payuout in coin was expressly etipu.
lotcd.
Tho lato decision in tho caso Of the Dalti.
| moro e. Ohio Rnilroad rcal,v roes further
than thu former decisions of the Court in this
| f1;rect;on. sinca tho objection to pay in cold
was strongly implied. if not indeed provided
for in EXPRESS terms. The caso WIS as fol-
1owa. Tn 1sa6. Tim Gcnoro, Assembly nf
Arary1and authorized a State subscription Of
s.. nm GOO to fho stock of the Baltimore l.
| Ohio Rni1road m condition TINT tha road shou1d
INV mn nnnual interest Of G ner cent IN TINT
omonnt out of ;ts cornincs. tn ra;sa tl,a
monov tho Stato issued S3 o0f,. .ooo bonds
bearing per cent interest Tho Commits
gioners sent to Europe to necotiute these
bonds failed in their mission, In 1888, tho
General Assembly authorized an issue of
sterling bonds, bearing & per cent interest,
payab1o III gold In Loudon, and the Company
accepted these bonds in exchange for the q
per cent bonds. thereby acccptiur tho condi.
t;on of povino the per cent intorost in go1d
in London. As matter of fact, the Com.
pauy did pay this interest, and it was to thcix
advantage until greonbac1is began to dopreci.
atc and exchange became very HIGH, In 1870.
tho Company figured up that tile difference
tlley Ind mid between the gold interest and
tho sane rec1sonod in erecnbaclls amounted
to $2s1, 1,4s9. They woro under IN obligation
to nav the State oue-fifth of the gross
rccoipts from pesscneers On the Wash,
;naton branch of the road. This the,
withheld to Offset the difference III nboye
claiming that they vera Obliged to m,
only in erocubacks. The stato. unde,
TIM instructions of the General Assembly
brought suit for this amount, and tho State
Court rendered a decision favorable to tht
State. This was revised BY tile Court of Ap
poals under tho Supreme Courts decisions
Of 1871, THO State anpcaled to tht
1rn;tad States Sunreme Court which sus
tniued tile Court Of Appoals, and held tha
tho COMPANY might nav in Treasury uotet
aAo ss"AA NV y. eoAt'sNse ~ p"5 40 eoAo
ny sAls ace'saoa sae s.ase u Alass1aAo '7 1e
aalrea TO pay tho asAeFehee net"eoh LII
sola interest anu INC sa1ne interest IN green
oacks,-hmonntng TO nearly S3oo'ooo.