The Mathews journal. (Mathews C.H. [Court House]) 1903-1937, 1910-04-14
SOME MONEY THAT
IS LEGAL TENDER
Paying Debts With Certificates. Green
backs and Foreign Cain.

Ofhcially, there are just ten kinds
OF money in circulation in the United
states. Do you know which of those
are legal tender and in what amount :
It may be that "all money looks alike
TO you, but there's r difference. and
below is tho list:
Gold coins, standard silver dollars
subsidiary silver. gold certificates sill
yer certificates, treasury notes 1SeO)
United States notes (greenbacks) ma
tional bank notes, nickel coins. and
bronze coins.
Looking upon the formidable CLASH
ncatlon of United States money AS
made by the Treasury Department. il
becomes more formidable when il is
considered from the highly technical
point OF view as legal tender. Some
OF the most imposing OF this paper
currency is not a legal tender at all
whlIe as to the minor coins they legal
tender III such small amounts as to
startie the average layman. 1t may
oe Wen TO recall to this layman that
the term legal tender" owes it's sig
niHcance TO the fact that in payment
OF debt or obligation of any kind IL
can be forced upon the creditor lin
full of all demands
and national bank notes. of which such
enormous numbers circulate every.
where. are not legal tender II Won
nave plenty of money, and if you have
forced Jones to sue you in order to
get judgment, Jones can turn down
every one OF these bills rendered and
Aorce you to dig up something better.
should Jones do such a thing. Won
might conceive the idea of fixing him
Dy unloading a whole lot of silver
COINS upon him. But YOU want IN
know what you are doing there. too.
Ior hell take only $40 worth of halves.
quarters and dimes, while as to nick
els and copper cents, only 25 cents
value is legal tender.
But as to the standard silver dollar
theres no limit upon your shoveIing
Ihem out to Jones' This old dollar
OF our dads" still is the thing in ALI
business transaction unless Some
clause In contract has provided oth+
erwlse. Jones may refuse the silver
certificate, but when you dig nm the
metal dollar. they go unquestioned at
thelr face value. And 1000 of them
weigh 1892 pounds.
treasury notes of the act of 1890
are legal tender to their face value
in payment of all debts, public and
private, unless expressly stipulated i'm
the contract.
strictly speaking, the United States
notes of greenbacks are legal tender
with The exception of duties on i'm
ports and interest on the public debt
Practically, however, since the re-
sumption of specie payment in 1879
greenbacks have been received freely
and without question by the govern
ment, though the law respecting them
hasn't changed.
While the gold and silver certificates
are not legal tender as between indi-
Vlduals, both issues are receivable for
all government dues of whatever kind.
IN this respect legally more accent
able than is the greenback.
National bank notes. while NOT To-
gal tender and not receivable for du-
Ties on duties on imports, still NAV
be paid by the government for salaries
and all debts of the government ex-
cept interest dues in the redemption
or the national currency.
By special enactment no foreign
coin of any kind or denomination shall
be a legal tender in the United States.
so that if some time the street car
conductor does balk at the chance
Canadian dime fished from your mock
ct keep cool and dig for something
that is United States.-Chicago Trib-
une.