Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1910-04-28
None,
There Are Ten Kir,,;s on Uncle
Sans Official List.
ALL ARE ROT LEGAL TENDER.
Some of the Most Imposing of the Pa
per Currency May ce Lawfully -.
fused When Offered In Payment 81
an Obligation of Any Kind.


Officially there are Just ten kinds of
money in circulation In the United
States Could you name them all Off
hand? DO you know which of those
besides gold coin are legal tender ard
IN what amount? Ii may br that sali
money looks alike to YOU" but there's
difference. and below Is the list:
Gold coins, standard silver dollars,
subsidiary silver. gold certificates. sill
yer certificates, treasury notes uSYO,.
united States notes tgreenbacksl, nu.
tlon:ll bank notes, bickel coins aud
bronze coins.
Locking upon this Formidable classt-
tication of United States money us
made by the treasury department, it
becomes more formidable when it Is
considered from the highly technical,
point OF view as legal tender. Some
of the most imposing of the paper cur
renry Is not legal lender at all. white.
as To The minor coins, they are legal
tender in such small amounts as IL,
staftle the average l.l,l.,.u 1t may b.
we'll to recall to this layman that the
term legal tender" owes its slgniti-
came to the fact that in payment Of
debt or obligation of any kind it can
be forced upon the creditor lin full OF
all demands"
Gold certificates. silver certificates
and national bank notes. of which
such enormous numbers circulate
everywhere. are not legal tender. lf
you have plenty of money and il vol.
have forced Jones 10 sue YOU in order
10 get Judgment. Jones cam turn down
every one of these bills rendered in
payment and force you To dig ND some
thing better.
Should Jones do such thing YOU
might conceive the idea of fixing him
by unloatlin. Il whole lot of silver coins
upon him. But you want to know
what you're doing there. too. for bell
take only $40 worth "i halves. quarters
and dimes. while of nickeis aud cop.
per cents only % cents value Is legal
tender.
l'ut as to the standard silver dollar.
there's no limit upon your shovelin,
them out 10 Jones. This old dollar
OF cur dads still is the real thing in
all business transactions unless some
clause i'm 81 contract has provided oth
erwise. Jones may refuse the silver
certificate. tut when you dig up the
metal dollar they go unlnestiOne,l at
their face va:ne Anu l.gAa OF them
weigh $500 pounds.
Treasury notes of the act of 1880 ara
legal tender to their face value in pas.
nent of all debts. public aud private.
unless expressly stipulated in the con.
tract.
Strictly speaking. the United States
notes or greenbAckS are legal tender,
with the exception OF duties OH i'm.
ports and interest on the public debt.
Practically. however. since the resunp.
ton of specie payment in 1879. green
backs have been received freely and
without question by the government.
though the law respecting them hasn't
been changed.
While the gold and silver certificates
are not legal tender ;,S be, ween iDdl-
Siluals. both issues are receivable for
al! government dues ut whatever kind.
IN this respect legally more acceptable
!.lan is the grecnbacL
National han!' notes while not lp.ii
tender and me- yable for duties on
imports. -: No, lis. paid 10y the gov,
eminent -l!;,iit's and all debts .or
the SovctiIlnri,t cNen'' interest dues
and in redemption; III ~. mai currency.
Hy especial enactment no foreign
coin of amy E:ili or denomination shal;
be Il legal tender iu the Cnited States.
so that ii some time the street car con-
durtor does balk at the chance Cana
dian dime tishrd from your pocket
keep cool and dig for something that
is United States. Its your move-Chi-
ra.o llibGle