Thurmond v. Horton
Thurmond v. Horton
Opinion of the Court
delivering the opinion.
He insists that five dollars is not less than forty shillings. If this be true, he is entitled to full costs, for then he is not within the prohibition of the Act of 1767. His argument is this, to wit: By the Act of 1794, the Legislature has fixed the value of the dollar at 8 shillings and 4 pence, and that being true, five dollars is not less than 40 shillings, and he is not precluded from full costs by the Act of 1767. But we think that the Act of 1767 is not at all affected by the Act of' 1794. The objects of these Acts are essentially different. The Act of 1794 does not declare that when verdicts in actions of slander are rendered in dollars and cents, that then they are to be valued in shillings, at the rate of 8 shillings and 4 pence to the dollar — it has no express reference to the Act of ’67. Nor is the Act of ’67 repealed or modified by the Act of ’94, by implication. Prince, 156. Both of these Acts are to stand for the definite purposes for which they were passed. The latter Act, to wit: the Act of ’94, provides “ that from and after the first day of July thereafter, a Spanish milled dollar shall pass and be received in payment of debts which may be contracted by or with any person or persons, within this State, and in payment of all taxes that may be laid or assessed after the present session, at the rate of 8 shillings and 4 pence, and all other coins in the same rate and proportion.” The Legislature intended to do no more by this Act than to say that in the payment of taxes and of debts, a Spanish milled dollar should be taken at so many shillings and pence to the dollar. It declares the rate of the dollar in payment of taxes and debts, in shillings and pence. Before that' Act, the Spanish milled dollar passed at the rate of 4 shillings and 8 pence; it therefore altered very materially the current rate of the dollar in shillings
During our colonial state, the currency ivas counted in pounds, shillings and pence, as in the parent State, ivhilst no doubt, a large amount, if not the largest amount of money in circulation was the coinage of Spain — the Spanish dollar, more particularly. Its value in British currency is now, and was no doubt, in 1767, in England, equal to four shillings and six pence. At this time in Georgia, one dollar in Federal money, that is, 100 cents, is equal to four shillings and 8 pence —that is, it is estimated at two pence higher in shillings and pence, than it is in Great Britain. So it was estimated in South Carolina and Georgia, so far as I can learn, in 1767. The difference between the value of the dollar, in shillings and pence, in 1767, in this country and Great Britain, is to be attributed, no doubt, to the scarcity of that coin here, relatively to England. Commercial necessity, no doubt, gave rise to the difference, and usage made it a monetary law. Whatever may be the origin of it, and in this case that is not material, the fact is unquestionable that then and now we count the Spanish dollar in shillings and pence, at four and eight pence. It was in this light that the Legislature must have understood the matter when they passed the Act of 1767. And when we would reduce forty shillings into dollars and cents, we must do it as they would then have done it, at the rate of four shillings and eight pence to the dollar. Forty shillings at that rate, amounts to the sum of eight dollars and fifty-seven cents, and a fraction of a cent. That is the sum to which, in 1767, the verdict must have reached to entitle the plaintiff to full costs. That is still the sum. No legislation has since changed it. The Act of ’94 alters the value in shillings and pence of the Spanish dollar, but because it does so alter it, can it be inferred that they intended to reduce
Let the judgment be reversed on the last ground only.
Reference
- Full Case Name
- Samuel P. Thurmond, in error v. John Horton
- Cited By
- 1 case
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- Published