[Download] "Pacific Insurance Company v. Soule" by United States Supreme Court # eBook PDF Kindle ePub Free
eBook details
- Title: Pacific Insurance Company v. Soule
- Author : United States Supreme Court
- Release Date : January 01, 1868
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
Mr. Wills, for the Insurance Company: As to the first question. The undertaking made between the government and the citizen, by Congress, when issuing the notes called legal tenders, was that in all transactions between the government and the citizen, other than in two excepted cases stated, the paper dollar should be equivalent to the coin dollar, and in nothing is this contract made more expressly than in regard to the subject of internal taxation in all its branches. In other words, the government, as the taxing power, agrees that it will receive at par the notes issued by it as a debtor, in payment of all internal taxes due to it as the taxing power. It is therefore estopped from regarding them as below par, for any purpose relating to the subject of internal taxation, including the assessment as well as the payment of that class of taxes.
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