Legal Tender Functions Of Coin And Paper

Gold coin is a legal tender in all payments, without any limit as to ainount. The silver dollar of 1792, 1837 and 1878 is a full leg-al tender to any amount. The trade dollar was a legal tender to the amount of five dollars, but has no legal tender qualifications now. All fractional silver coin now minted is a legal tender to the amount of $10. Minor coin is a legal tender to the amount of 35 cents. United States notes ("grèenbacks") are a legal tender in payment of all debts, public and private, except for duties on imports and interest on the public debt. Gold certiflcates are not a legal tender, but may be issued in payment of interest on the public debt, and are receivable in payment for customs, taxes and all public dues. Silver certifieates are not a legal tender, but are reeeivable for customs, taxes and all public dues. Currency certifieates are not a legal tender for any purpose, but may be counted as part of the lawfül money reserve of banks, and may be accepted in the settlement of clearing house balances. United States treasury notes of 1S90 are a legal tender in payment of all debts, puklic and private, and are receivable for1 eustoms. laxes, and all public dues. They may be counted as a part of the lawful reserves, of the banks, and are redeemable in gold or silver coin in the discretion of the seeretary f the treasury. National bank notes are not a legal tender except that they are receivable for all dues to the United States, exept duties on imports, and for all debts and demand owiag by the United States, except interest oh the public debt and in redemption of the national 2urrency. Eaeh national bank is required to receiv'è at par, for aDy debt or liability to it, the notes of every other national bank. ' . One of the assertions witli which the campaign liar is to deceive the ignorant is that the silver dollars are not legaal tender beyond the amount of $10. The truth is they are legal tender to any amount'. It is only upoa the coinage that the restriction as to amount of legal tender is placed. Voters will remember that as party lines ave drawn this year free silver and free trade go together. ïhe voteijannot be too of ten reminded of the tariff plank in the Chicago platform, which proposes to perpetúate the WÍ1son tariff sehedule and emphasizes the theory that "tariff duties should be levied solely for purposes of revenue." Just what the debtor class hope to gain by establishing free coinage and giving the mine owners a dollar for 53 cents worth of silver is not apparent