On the record
They were a legal tender in payment for all debts, public and private, except for duties on imported goods and interest on the public debt.
Source
gutenberg.orgThey were a legal tender in payment for all debts, public and private, except for duties on imported goods and interest on the public debt.
Sherman explains the legal tender status of U.S. notes and their limitations.
Share
More from John Sherman
Let us, my friends, unite in electing him President of the United States.
You can arrest this movement, and you alone can do it.
I have participated in framing many tariff bills, but have never succeeded in securing one that I entirely approved.
Confiscation is not only justified by the laws of war, by the practice of many nations, but it is practiced by our enemies in the most obnoxious way.