The Legal Tender Cases

  title={The Legal Tender Cases},
  author={Kenneth W. Dam},
  journal={The Supreme Court Review},
  pages={367 - 412}
  • Kenneth W. Dam
  • Published 1 January 1981
  • Law, History
  • The Supreme Court Review
The Legal Tender Cases have disappeared below the surface of American constitutional law. ' A long time has passed, both chronologically and intellectually, since a constitutional law scholar could confidently declare in 1887 that "[n]o decisions of our Supreme Court possess a more enduring interest for the student of our Constitutional History and Law than those rendered in the socalled Legal-Tender Cases."2 In 1975 Gerald Gunther, the most historically minded of constitutional law casebook… 
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America has chosen to be, in many respects, and to many purposes, a nation; and for all these purposes, her government is complete; to all these objects it is com-THE SUPREME COURT REVIEW
  • 1981
currency and coin in circulation totaled $118.7 billion. Of this total, Federal Reserve notes accounted for $106.7 billion, and U.S. notes for only $311.6 million
  • 1979
Article I, section 9
Bank of the State of Indiana
For the New York Bank Department's interpretation of the law, see Bank Suspension
Hooper was a banker and a member of the House Ways and Means Committee who was particularly active in the drafting of the legal tender legislation. See HAMMOND, note 20 supra
Justice Strong relied on the following equally faulty assumption of Chief Justice Marshall in Cohens v. Virginia, 6 Wheat
See MCCULLOCH, note 181 supra
See MITCHELL, note 19 supra
See also Annual Report... of the Banking Department of