...is an inconvertible paper currency,1 reciting in terms that it is a legal tender at its face value for all debts, public and private, except duties on imports, and interest on the public debt ; and is made payable to the bearer, but not on demand, nor at any fixed time. It is a significant...

...that the back of each note bore a printed statement saying that it was legal tender for all payments, public and private, except duties on imports and interest on the public Dollar?* * debt. True, but the face of the note Said' "The United States w1ll pay the bearer dollars."...

...paper. The greenbacks when first issued bore this clause of the law upon their backs: "This note is a legal tender for all debts, public and private,...duties on imports and interest on the public debt, and is receivable in payment of all loans made to the United States." The last clause made them payable...

...issued bearing date March 1o, 1862, and on the back of them was printed these words: "This note is a legal tender for all debts, public and private,...duties on imports and interest on the public debt, and is exchangeable for United States six per cent. bonds, redeemable at the pleasure of the United...

...issued bearing date March 1o, 1862, and on the back of them was printed these words: " This note is a legal tender for all debts, public and private,...duties on imports and interest on the public debt, and is exchangeable for United States six per cent- bonds, redeemable at the pleasure of the United...

...(page 18), was in the law of Feb. 25, 1862, " Wherein it was stipulated that the greenback should be a legal tender for all debts, public and private,...duties on imports and interest on the public debt, whicn from that time forward should be paid in coin." This " created a demand for gold," and sent it...

...be in lieu of the demand notes of that amount created by the law of July 17, 1861, the whole to be a legal tender for all debts, public and private, except duties on imports and interest on the national debt, both of which obligations were to be payable in coin. The notes, it was provided, could...

...private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt. Gold certificates, silver certificates, and national-bank notes are not legal tender, but both classes...

...anv p:ige of history. Yet the law passed. " United States notes shall be legal tender lawful money for all debts, public and private, except duties on imports and interest on the public debt." , Of these exceptions Thad Stevens said : " It now creates money, and by its terms discredits, declares...

...25, 1862, and March 3, 1863, which say on the back : " This uote is a legal-tender at its face value for all debts, public and private, except duties on imports and interest on the public debt," both of which are payable in metal-money. The law 3.22 signed by President Lincoln February 25, 1862,...