And this value is a just one, because the notes are in the nature of a lien, or mortgage, upon so much property of the bankers as is necessary to pay the notes, and as can be taken by law, and sold, and the proceeds applied to their payment.
Spooner explains the intrinsic value of banknotes as secured by property liens.
Share
More from Lysander Spooner
One answer is, that this power, which juries have of judging of the law, is not a power of absolute decision in all cases.
Any restriction upon the exercise of this right is a restriction upon his rightful power of providing for, and accomplishing, his own well-being.
It would also be making them consent to what they regard as the destruction of their own rights.
The will, or the pretended will, of the majority, is the last lurking place of tyranny at the present day.