But the Act proceeds to limit these incidents by declaring expressly that “no paper currency, or bills of credit,” issued under it, shall be a tender in payment of any private debts or contracts whatsoever, with a proviso that nothing therein contained should make any bills then subsisting a tender.
This passage highlights the limitations placed on paper currency in private transactions by legislative action.
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More from Charles Sumner
Let loyalty to one man be exchanged for Love to Man.
The subterfuges of the politician cannot escape it.
Above all, welcome to the united regenerated Democracy of the North, which spurns the mockery of a Republic, with professions of Freedom on the lips, while the chains of Slavery clank in the Capitol!
At Baltimore the delegation of the most important State in the Union, known to be in favor of the Wilmot Proviso, was refused admission to the Convention.
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