Spear v. Alexander
Spear v. Alexander
Opinion of the Court
The act of congress, known as the legal tender act, declares that the treasury-notes issued under that act shall “ be lawful money, and a legal-tender in the payment of all debts, public and private, within the United States, except duties on imports and interest” due the United States. — 2 Brighfiy’s Digest, 108. The contract in this case, made since the adoption of the legal-tender act, is for the payment of a specified number of dollars and cents, “ in gold.” This, therefore, is a contract for the pay
Upon the hypothesis of the constitutionality of the legal-tender act, the plaintiff was entitled to recover only the amount specified in his note with interest, notwithstanding payment in gold is prescribed, and notwithstanding the judgment would be solvable in legal-tender treasury-notes, if the last legal-tender act is constitutional. Upon the hypothesis of the unconstitutionality of the legal-tender act, the plaintiff is entitled to precisely the same recovery, and the judgment would only be solvable in coin. — Smith v. Dillard, 2 Duvall, 152 ; American Law Review for January, 1868, p. 312. Really the question of the constitutionality of the law does not arise in the case. Under the established construction of the legal tender act the judg
The constitutionality of the law not being necessarily involved in the case, it would be very unwise for us to decide it, because the question is believed to be now before the supreme court of the United States, and its decision, when rendered, will control us.
The note given in evidence, appears to have had the requisite stamps upon it, and it was cancelled by the initials of the first in order of the three signers, with the date of the instrument. The objection was, that the initials of each of the three signers were not written on the stamps-The revenue act of congress directs, that no writing' required to be stamped shall be “ admitted or used as evidence in any court, until a legal stamp or stamps denoting the amount of duty shall have been affixed thereto, and the date when the same is so used or affixed, with his initials shall have been placed thereon by the person using or affixing the same.” — 2 Brightly’s Digest, 266, § 257. If the objection had been well taken, it w'ould probably have been obviated by writing the initials of the other two signers on the stamps, and then renewing the offer of evidence. But we are fully convinced, that the admissibility of the note in evidence did not depend upon the fact that the initials of all the signers were on the stamps. If that were the rule, it would be impossible to comply with it in many cases. The initials of even six signers could not be put upon some stamps in characters large enough to be read without the aid of a microscope, and sometimes there are much more than six signatures. The direction of the act is, that “ the person using or affixing” the stamp, “ shall write thereupon the initials of his name, and the date upon which the same shall be attached or used, so that the same may not again be used.” — 2 Brightly’s Digest, 264, § 250.
The inquiry as to the value of gold was altogether irrelevant, and the evidence upon that subject was improperly admitted.
Reversed and remanded.
Reference
- Full Case Name
- SPEAR v. ALEXANDER, Ex'r
- Status
- Published