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   Respectfully Quoted: A Dictionary of Quotations.  1989.
 
 
NUMBER:1202
AUTHOR:Albert Gallatin (1761–1849)
QUOTATION:As this body has no authority to make anything whatever a tender in payment of private debts, it necessarily follows that nothing but gold and silver coin can be made a legal tender for that purpose, and that Congress cannot authorize the payment in any species of paper currency of any other debts but those due to the United States, or such debts of the United States as may, by special contract, be made payable in such paper.
ATTRIBUTION:ALBERT GALLATIN, Considerations on the Currency and Banking System of the United States, 1831, in The Writings of Albert Gallatin, ed. Henry Adams, vol. 3, p. 235 (1879).
SUBJECTS:Money
 
 
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