The dollar note is an engagement to pay a dollar, and the dollar intended is the coined dollar of the United States, a certain quantity in weight and fineness of gold or silver, authenticated as such by the stamp of the government.
John Sherman: “The dollar note is an engagement to pay a dollar, and the dollar intended is the coined dollar of the United States, a…”
Editor's note · Context
Sherman clarifies that a dollar note represents a promise to pay a specific amount of gold or silver.
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