Money
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
Gold, silver and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weizht and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, marked with a stamp which attests their value; this iscalled money.
1 Inst. 207; 1 Hale’s Hist. 183; 1 Pardess. n. 22.
The constitution of the United States has vested in congress the power “to coin money, and regulate the value thereof.”
Art. 1,8. 8.
By virtue of this constitutional authority the following provisions have been enacted by congress. _ 1.
Act of April 2, 1792, 1 Story’s