Our rule is that legal-tender money must be paid down at the time of purchase.
The first "legal-tender" Act was approved February 25, 1862.
It was simply put into circulation with the legal-tender quality.
(d) Legal-tender cases, Wilson, Division and Reunion, 280-281.
Their opinions in regard to the constitutionality of the Legal-Tender Acts had been clearly and publicly expressed.
It is not legal-tender laws, nor is it intrinsic value, which makes even gold go as money.
During my first year in government employ the depreciation in legal-tender notes in which we were paid was very embarrassing.
John Preston, a tanner of Arcata, would accumulate thirty dollars in gold and with it buy fifty dollars in legal-tender notes.
All that would be further required would be to reduce the volume of legal-tender notes in circulation.
In the Senate, a bitter and determined opposition to the legal-tender clause was developed.