New-York tribune., 1877-08-21
UNITED STATES SUPREME COURT.
TRANSACTIONS IN IHE SOUTH DURING THE WAR
BAsED Oh CONFEDERATE CuRKENCY.

BASED on CONFEDERATE CURRENCY.
WASHINGTON, d. c., Aug. 20.-The following de-
con been rendered By the Supreme Court OF the United
states
Appesnts " Si Ezsei m the nirag stste a. for Ky 6nrb
ioreclose motsase executod by one James stewart,
the State Of georgia to secure BIS promissoIy
to pay he o dud thereon Il daes not Ga5f non
nay salts of foreclosure in qmty except IN making tenants
property parties them pending the nsa
heirs Of the deceased among whom is alleged the
Administrator has unlawaly pariioned the premises
The noe Of stewart bears date On ihe sh o Jaar s3
date interest was made for The accommodation
gage the purchase Of certain bombs OF the
Georgia aud P naacoia kAlOad .ohpsn! IN Marel 1905
a nj were assigned 20 the complainant ti.e
paai contention is whether the note was originally
SHY able IN So.iea'raie SURE - OF ~ 5e Isl cry ol
was ,oVabe ~ legal ,uity anu anu was 30 w 'Ie nc
seems that tle evidence abundanty Irstihes
moi. was IN part given was IN Confederate currency
Al tne railroad bonds puI'hase January g.
stned principal currency Of Georgia which business
Vs. Va seci,,d rjs cordition OF th Ks aptcaIig the
presumvjion Is that me purchase OF the railroad
bonds the parties had these notes IN pLl.on.
OF Lhe tr except Mordecai, Is positive taat
ss 2 s de GSse , sam" c"IgstSn ne Spl9e r he bold
esuated at the time IN GoleieIats oley they we're
Davment OF over SI30OO in the currency. The
given the time pad few months alter
in 1t is highly improbable that
cruonal distinction made with reference 10 The Osance
OF stewart was executed, Certainly tGe
presumption the other way. The transaction
testimony leave doubt on our minds On the sub
joct. -.
Stewart represented and which he onse 10 pay. must be
value OF legal currency oi the
United time the note was made, an at the place
where II made, IofeieTate Treasury notes. equal
number Oi uOArs spctihtt Aud as
ths payment endorsed tho In Tie same monetary
in the note ITSELF the pr SUMPTION rs
int 1T intended 10 De cieNied IN the
saInn scale OF values. IL the parties intended other
wise some proof subject should have been presented
IN. credit made without any explanation and there
no eyitIco value Of tie collars menCnei IL the Tc
the no.e matter presented 10 tie pIihoi
Ial iesiguated the face oil the note Is only
duced 10 the amount specified IN ihe receipt The true
uIe therefore, the nights of the palles
in lie case 10 calculate Inc interest ON ne
priucpal the OF the having
inen nen 10 treat tue Daahce the dt
tt r. the amount 10 De determined by the
OF Confederate notes IN coin the legal
reucy OF the Umtcd STATES al ue ume tho mote
was made Interest should be calculated on this
b,lsnce to tho date Of the decree. Tho note with
~ ,757; lho credit Sl5,325 rtduoeG IL s3o 49,
fhs scaled by value Of Confederate currcncyin
olg he date Of the noteJrre Ia 0uewonld make
balance lawful money March II, loU6, Of $3.50
TAs amount with Interest VIII constitute tho which
sLOald ajudge due. ami oont tho roceos of
mOrgagod Premises when sold sAoui Dc applied. Re
versed. Mr. Justice Fled delivered the opinion.