Compound

Smith's Financial Dictionary · 1903 · p. 288
interest notes——These notes were payable at any time after three years from date, and bearing interest not exceeding seven and threej tenths per centum, payable in Jawful money at maturity, or, at the discretion of the Secretary of the Treasury, semi-annually; and such of them as should be made payable, principal and interest, at maturity, to be a legal: tender to the same extent as United States notes for their face value, exclud- | ing interest. a } Treasury notes of 1890 are a legal tender in payment of all debts, public and private, except where otherwise expre ly stipulated in the contract, and are receivable for customs, taxes, and all public dues. 2 Columbian half-dollars are a legal tender to the same extent as subsidiary silver coin, i. e. ten dollars in any one payment. Columbian quarters are a legal tender to the same extent as subsidiary coin, i. e. ten dollars in any one payment. “NOT LEGAL TENDER. Gold certificates are not a legal tender. They are receivable for: customs, taxes, and all public dues. Silver certificates are not a legal tender. They are receivable for customs, taxes, and all public dues. National bank notes are not a legal tender. They are receivable at par in all parts of the United States in payment of taxes, excises, public lands,: and all other dues to the United States, except duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and a ociations within the United States, except interest on the public debt, and in redemption of the national currency. Trade dollars are not a legal tender. By the act of February 12, 1873,:: f.:; they were a legal tender at their nominal value for any amount not exceeding five dollars in any one payment, but under date of July 22, 1876, it was enacted that the trade dollar should not thereafter be a legal tender. 288
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