Buchegger v. Shultz

Cooley J.

Shultz sued Buehegger upon a note given in 1862 for the sum of eight hundred dollars, of which five hundred dollars was to be paid in gold. The Circuit Judge admitted- evidence to show that the ,note was given for money loaned, five hundred dollars of which was in gold, and was agreed to ' be repaid in like money. He also allowed the plaintiff to show that at the time of the trial gold was worth a premium of fifty per cent, in treasury legal tender notes, and rendered judgment against the defendant, computed upon that basis.

The constitutionality of the Legal Tender Act (so called) is…