Continental

Smith's Financial Dictionary · 1903 · p. 288
currency—The question has been raised and disputed as to whether what was called the “Continental currency,” i ued during the War of the Revolution by the old government, was or was not legal tender. The facts appear to be that while the Continental Congre did not by any ordinance attempt to give it that character, it asked the States to do so, and all seem to have complied except Rhode Island. The Continental Congre only enacted that the man who refused to take the money should be deemed an enemy of his country.—‘“The National Loans,” by Rafael A. Bayley, of the Treasury Department; prepared for the tenth census. The Constitution prohibits the several states from making anything but gold and silver coin a legal tender in payment of ~ _ debts. Where a contract stipulates for payment in coin the debtor is not privileged to make payment in paper money or in any currency other than that specified in the contract.
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