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Dollars and nonCents

Matt R. Erickson

Patriot Corps

Book Id: WPLBN0100000460

PDF (eBook)

Subjects: American Monetary History, History of America, Non Fiction

Collections: Education, Authors Community, History

► Abstract

Description Details
Dollars and nonCents examines American monetary history, showing how paper currencies were deceptively made a legal tender (alongside gold and silver coin) in 1862 and cleverly upheld by the courts who were not exactly forthright with their rulings (necessitating a reading between the lines to understand them). Dollars and nonCents recommends a grain of gold as a market unit for accounting for the amount of gold, to begin transitioning away from the debt-based dollar which is destabilizing the United States....

Excerpt Details
Proponents of a legal tender paper currency occasionally point to the Constitution’s wording of the power “To coin Money” and claim that the word “Money” must include paper currency, since ‘money’ appears to be a word of greater meaning than that used in the same clause as it relates to “foreign Coin.” This is but a slight variation of the same argument which compares this power “To coin Money” in the Constitution with the wording used in the Ninth of the earlier Articles of Confederation (the articles under which the United States were joined together in common union before the Constitution was ratified), which stated, in part: “The United States in Congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of respective states…” These proponents of paper money correctly point out that no foreign paper currency can be made current as American money since only “foreign Coin” is specified and also that “regulating the alloy and value of coin struck” obviously restricts that older authority to ‘coin’ which could be ‘struck’ with an ‘a...

Table of Contents Details
Table of Contents Chapter 1. American Lawful Tender Money 1 Section 1. April 2, 1792 Coinage Act 1 Section 2. Standard Unit of Value 9 Section 3. Legal Tender Value — Weight & Purity 10 Section 4. Regulating the Value of Foreign Coinage 14 Section 5. Money - vs. - Coin 17 Section 6. June 28, 1834 Coinage Act 21 Chapter 2. Political Feuding 31 Section 1. The Banks of the United States 31 Section 2. The Independent Treasury 33 Chapter 3. Promise Money and the Courts 41 Section 1. Bronson v. Rodes, 74 U.S. 229 (1869) 41 Section 2. Hepburn v. Griswold, 75 U.S. 603 (1870) 42 Section 3. Legal Tender 43 Section 4. The Legal Tender Cases, 79 U.S. 457 (1871) 45 Section 5. Criminal Jurisdiction 48 Section 6. First Bank of the United States 54 Section 7. in all Cases whatsoever 57 Section 8. Electors 61 Section 9. Legislative Representation in States 62 Section 10. within the United States 65 Section 11. Presidential Elections 66 Section 12. The Legal Tender Cases (concurring opinion) 69 Section 13. Juilliard v. Greenman, 110 U.S. 421 (1884) 71 Section 14. Necessary and Proper-vs.-All Means Not...