On the record
But the obligation of a contract to pay money is to pay that which the law shall recognize as money when the payment is to be made.--Legal Tender Cases, 12 Wallace 548.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “But the obligation of a contract to pay money is to pay that which the law shall recognize as money when the payment is…”
Editor's note · Context
Spooner asserts that the obligation of a contract is to pay what is recognized as money at the time of payment.
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More from Lysander Spooner
When they have once taken our money, they have the decency to get out of our sight as soon as possible; they do not persist in following us, and robbing us, again and again, so long as we produce anything that they can take from us.
They do not tell us that they have established infallible supreme courts, to whom they refer all questions as to the legality of their acts, and that they do nothing that is not sanctioned by these courts.
They neither ask, nor expect, any mercy, if they should ever fall into the hands of honest men.
On the contrary, they acknowledge themselves robbers, murderers, and villains, pure and simple.