Law Dictionary

legal tender acts

By acts of February 28, 1862, July 11, 1862, and March 3, 1863, Congress authorized the issue of notes of the United States, declaring them a legal tender for all debts, except duties on imports and interest on the public debt. Hepburn v. Griswold, The Legal Tender Acts - chosen as a means to a proper end: to suppress rebellion and preserve the government - were constitutional, as appropriate and within the power of Congress "to declare war".

Source : William C. Anderson, A Dictionary of Law (1893)

Language : English

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