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The Daily Dispatch: June 15, 1863., [Electronic resource], Affairs in Western Virginia. (search)
Federal money. The Supreme Court of New York, Judge Ingraham presiding, has just decided that the Treasury notes issued under the act of the Federal Congress of 1862 are not a legal tender for debts contracted prior to the passage of that act. The opinion of the Court denies the power of Congress to make them so, and two of the three Judges who sat upon the case--Justices Peckham and Leonard--declare that Congress has no power whatever to issue paper money, "thus discrediting, so far as their official acts have any influence," (as the New York Tribune remarks,) "the system of currency on which the industrial prosperity of the country and the solvency, if not the existence of the Government, depend." The editor, after a furious onslaught on the politics of the three Judges by whom this decision was rendered, predicts that, when the case goes up to the Court of Appeals, "there to be heard and decided by loyal, impartial, (i. e., Black Republican,) and incorruptible Judges," it wil