Ballentines Law Dictionary, 3rd Edition: Dollar. The legal currency of the United States; State v Downs, 148 Ind 324, 327; the unit of money consisting of one hundred cents. The aggregate of specific coins which add up to one dollar. 36 Am J1st Money \u00a7 8. In the absence of qualifying words, it can
not<\/span> mean promissory notes, bonds, or other evidence of debt. 36 AM J 1st Money \u00a7 8. \u201cTaxes<\/span>, lawfully assessed are collectible by agents in money and notes cannot<\/span> be accepted in payment.\u201d Town of Frankfort v. Waldo, 128 ME. 1]<\/div>\n<\/div>\n
HAGAR v. RECLAMATION DIST. NO. 108, 111 U.S. 701 1884).<\/div>\n
\u201cActs of Congress making the notes (paper) of the United States a legal tender do
not<\/span> apply to EXACTIONs (taxes) made under state law\u201d<\/div>\n<\/div>\n
\u201cAt common law there was
no<\/span> tax lien.\u201d [Cassidy v. Aroostock, 134 ME. 34]<\/div>\n<\/div>\n
U.S. Supreme Court, Memphis Bank & Trust Co. v. Garner, 459 U.S. 392 (1983) \u201cThe Tennessee bank tax violates the immunity of obligations (federal reserve notes 31USC3124 & 18USC8) of the United States from state and local taxation.\u201d<\/div>\n
<\/div>\n
\u201cFederal Reserve Notes are
not<\/span> dollars.\u201d Russell L. Munk, Assistant General Counsel, Department of the Treasury, February 18, 1977. \u201cThe term \u2018dollars\u2019 likewise is incorrect, which, according to constitutional definition, are monetary units, used in exchange, backed by gold and silver. Our present-day fiat issues are supported by more printed paper of the same; therefore, they are correctly termed Federal Reserve Notes (FRN), not<\/span> dollars. Robert P. Vichas, Handbook of Financial Mathematics, Formulas, and Tables (1979), p. 420.<\/div>\n<\/div>\n
\u201cFederal Reserve Bank notes, and other notes constituting a part of common currency of the country, are recognized as good tender for money, unless specially
objected<\/span> to.\u201d MacLeod v. Hoover (1925), 159 La. 244, 105 S. 305.<\/div>\n<\/div>\n
Gibbons v Ogden 1824 supreme court \u201cPersons are not the subjects of commerce\u2026\u201d<\/div>\n
\u201cThere is a distinction between a debt
discharged<\/span> and one paid<\/span>. When discharged, the debt still exists, though divested of its character as a legal obligation during the operation of the discharge.\u201d Stanek v. White (1927), 172 Minn. 390, 215 N.W. 781.<\/div>\n<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"
Federal Reserve Note IS\u00a0 v.\u00a0 IS NOT: Ballentines Law Dictionary, 3rd Edition: Dollar. The legal currency of the United States; State v Downs, 148 Ind 324, 327; the unit of money consisting of one hundred cents. The aggregate of specific … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[58],"tags":[],"_links":{"self":[{"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/posts\/1808"}],"collection":[{"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1808"}],"version-history":[{"count":1,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/posts\/1808\/revisions"}],"predecessor-version":[{"id":1809,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=\/wp\/v2\/posts\/1808\/revisions\/1809"}],"wp:attachment":[{"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1808"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.pauljjhansen.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}