Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1910-02-09
.UN|TEDSTATES MONEY
There Are Ten Xmas on Uncle
Sans Official List.
ALL ARE NOT LEGAL TENDER.
som. Of the Most Imposing Of the Pa
per Currency May Be Lawfully Ne.
fused whsn offered In Payment of
m obIiaation Of Any Kind.

On Obligation OF ANY N'"''
omc,ally there are just ten kinds OF
money In circulation In the oni'eu
States. Could you name them all on
hand? DO you know which OF tnose
besides gold coin are legal tender anu
IN what amount? IL may be- that "aii
money looks alike TO you" but theres
n difference. and below Is the list:
Gold coins. standard silver dollars
subsidiary silver. gold certificates, SIT
yer certificates, treasury notes usspl'
limited States notes (greenbacksl. ma
tlonal bank notes. nickel coins ana
bronze coins.
Looking upon this formidable classi-
acatiou OF United States money as
made by the treasury department IL
becomes more formidable when IL Is
considered from the highly technical
mint of view as legal tender. Some
OF the most imposing OF the paper cur
r,ncy is not legal tender at all. while.
as 10 the minor coins. they are legal
tender I'm such small amounts as TO
startle the average layman. IL may be
well 10 recall TO this layman that the
term legal tender" owes its signiii-
canoe to the fact that In payment OF
debt or obligation OF any kind II can
be forced upon the creditor "in full OF
all demands
Gold certificates. silver certificates
al
such enormous numbers circulate
everywhere. are not legal tender II
you have plenty of money aud II you
have forced Jones 10 sue you In order
10 get Judgment. Jones can turn down
every one ~ these bills rendered In
payment and force you To dix up some
thing better.
. Should Jones do such thing you
might conceive the idea OF fixing him
by unloading n whole lot OF silver coins
upon him but you want TO know
what you're doing there. too, for he'll
take only SO worth of halves. quarters
and dimes. while Of uickels aud cop
per cents only - cents value Is legal
tender
But as TO the standard silver dollar
there's no limit upon your shoveling
them out 10 Jones This old dollar
Of our dads still is the real thing IN
all business transactions unless som,
clause Ia "A contract has provided 9th
erwise. Jones may refuse the silver
certificate. but when you dig up tins
metal dollar they go unquestioned al
their face value And LOU OF then
weigh 5sg2 pounds
Treasury notes uf the act OF 1870 arr
legal tender 10 their face value IA pay
ment OF all debts. public aud private
unless expressly stipulated In the "o'i
tract
Strictly speaking. the United States
notes or greenbacks are legal tender
with the exception of duties on I'm
ports and Interest on the public debt
Practically. however. since the r.sump
ton OF specie payment In lsI9. green
hacks have been received freely an'
without question by the government
though the law respecting them hasn'
been changed.
While the gold and silver certificate
are not legal tender as between indI
yidunls, both issues are receivable 10
nil government dues OF whatever KIND
IN this respect legally more acceptabl
than Is the greenbnck.
National bank uOtes, while not lega
tender and not receivable for duties o
imports. still may be- paid 10y the gov
ernu,,nt for salaries and all debts {
the government except interest que
and In redemption of national currenc'
by especial enactment no foreig
coin OF any kind or denomination sha
81 be n legal tender In the United State
SO that II some time the street car col
ductor does hnlk NJ the chance Cam
diam dime hshcd from your pock'
, keep cool aud dig for something tn
, Is United States It's your moVe.-Cu
cago Tribune.