“THE CONUNDRUM IS: WHAT WOULD BE LEFT TO UNCLE SAM, IN THE MATTER OF NATIONAL FINANCE, AFTER THE BANKERS SHALL HAVE GOT ALL THAT THEY WANT?”
Suppose that they fall due and are presented for payment. Suppose the Doctor has half the money in gold coin and the balance in silver coin. Suppose he offers the entire $100 in coin, in satisfaction of the debt.
Suppose the holder of the notes rejects the silver “coin,” and demands the entire debt in gold coin.
What would the Doctor do?
Would he hurry and scurry about, hunting for gold to satisfy the exacting creditor? I’ll bet a medium sized mouse-colored mule that he wouldn’t.
The Doctor knows that silver coin is legal tender, and was contemplated as one of the coins of payment at the time the contract was made.
Consequently, he would tender the silver, and if the offer to pay in that “coin” were refused, the Doctor would simply let the creditor do what the heathen does when Christian Civilization gets after him—RAGE.
(4) Let the Doctor peruse the Life of Chase, who was Secretary of the Treasury under Mr. Lincoln, and he will realize how much he is in error.
Many other authorities might be cited.