Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1909-12-30

Some Of the Most Imposing Of the Pa
per Currency May Dc Lawfully Re-
fused When Offered In Payment Of
On Obligation Of Any Kind.
! Officially there are Just ten kinds Of
M hey In circulation In the United
States. Could you name them all on
hand? DO you know which Of those
besides gold coin nrc legal tender and
In what amountl IL may b. that AL
money looks alike to you." but there's
a difference. and below is the list:
Gold coins, standard silver dollars
subsidiary silver. gold certificates. sill
yer certificates. treasury notes QS00).
United States notes (grcenbacksD. ma.
tional bank notes. nickel coins and
bronze coins.
Looking upon this formidable classI-
ncation Of United States money as
made by the treasury department. 1t
becomes more formidable when Il Is
considered from the highly technical
point OF view rs legal tender. Some
Of the most imposing Of the paper cur.
rency In not legal tender nj all. while,
as to the minor coins. they are legal
tender in such ANAL amounts ms TO
startle the average layman. 1t may be
well TO recall 10 this layman that the
term legal tender" owes It's signlf.
canoe 10 the fact that In payment OF
debt or obligation OF any kind u can
be forced upon the creditor lin fun OF
all demands"
Gold certificates. silver certificates
and national bank notes. OF which
such enormous numbers circulate
everywhere. are not legal tender If
you have plenty OF money and " ven
have forced Jones 10 sue you IN order
10 get Judgment. Jones can turn down
every one Of these bills rendered IN
payment and force you 10 dig up some
thing better
Should Jones do such thing you
might conceive the idea OF liking him
by unloading a whole lot or silver coins
upon him. But you want a. know
what you're doing there. too. for he'll
take only $40 worth OF halves. quarters
aud dimes. while OF nickeis aud cop
per cents only - cents value Is legal
tender.
But as 10 the standard silver dollar.
there's no limit upon your shoveling
them out TO Jones This old dollar
IL our dads still Is the real, ching In
all business transactions unless some
clause Ia a contract has provided 9th
erwisc Jones' may refuse the sliyer
certificate. but when you dig up the
metal dollar they 20 unquestioned at
their face value. And 1907 OF Them
weigh 5s92 pounds.
Treasury notes of the act or 1870 are
legal tender TO their face value III pay.
ment OF all debts public and private.
unless expressly stipulated In the con
tract.
Strictly speaking. the United States
notes or grernbncks are legal tender.
with the exception 81 duties lou I'm
ports aud Interest On the publ; debt
Practically. however. since the r,.Snmp-
ton OF specie payment in iS10, green
backs have been rec.isssi' freely and
without question by the govcrpmsDt.
though the law respecting them hasn't |
been changed.
While the gold and silver certificates |
are not legal tender as between indi
viduals. both ISSUES are receivable for |
all government dues OF whatever kind. |
in this respect legally more acceptable
than Is the greenback.
National bank notes. while not legal I
tender aud not receivable for duties on
imports. still may be paid by the gov
eminent for salaries and all debts OF /
the government except interest dues
and IN redemption of national currency
BY especial enactment no foreign
coin OF any kind or denomination shall
be a legal tender In the United States.
SO that II some time the street car con-
ductor does balk at the chance Cana
dlau dime lished from your pocket ,
keep cool and dig for something that
Is United states It's your moye.-Chi-
cage Tribune.