Legal Opinion
Shelby Resources, Inc. v. United States Postal Service
District Court, S.D. New York
Decided October 21, 1985No. 84 Civ. 8479 (CLB)PublishedCited by 20 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
BRIEANT, District Judge.
During the Great Depression, there was a notice in common use sent out with past due invoices. This notice read: “Please pay us now, so that we can pay them, so that they can pay him, and he can pay you.” This notice called to the attention of the reader the well-known effect of the velocity of money. Prompt movement of money from customer to supplier, and investor to user is an essential cornerstone of our prosperity. As the velocity of money slows down, so does the gross national product of goods and services diminish.
The greatest single factor…
2Cases cited2 opinions
- Cort v. AshSupreme Court of the United States · 1975
- Tedesco v. United States Postal ServiceDistrict Court, W.D. Pennsylvania · 1983
3Cited by20 opinions
- Lance Lemay, on Behalf of Himself and All Others Similarly Situated, and on Behalf of the General Public v. United States Postal ServiceCourt of Appeals for the Eighth Circuit · 2006
- Naskar v. United StatesUnited States Court of Federal Claims · 2008
- Morris v. RunyonDistrict Court, District of Columbia · 1994
- Bovard v. U.S. Post OfficeCourt of Appeals for the Tenth Circuit · 1995
- Combined Communications Corp. v. United States Postal ServiceDistrict Court, M.D. Tennessee · 1988
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