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The money which passes, at a fixed value, from hand to hand; money which is authorized by law.
By Art.1, S.8, the Constitution of the United States authorizes Congress 'to coin money, and to regulate the value thereof.'
the dollar of a certain fineness of silver, weighing one hundred and twelve and a half grains -and afterwards, before the money becomes due, the value of the dollar is changed and it weighs now but fifty-six and a quarter grains; will one thousand of the new dollars pay the old debt? Different opinion may be entertained, but it seems that such payment would be complete because: 1. The creditor is bound to receive the public currency, and; 2. He is bound to receive it at its legal value.