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Although not, gold-and-silver coins continued to be provided, causing the decline of your own freshly posted notes as a result of Gresham’s laws. Within the 1869, Ultimate Legal ruled within the Hepburn v. Griswold one to Congress could not want loan providers to just accept You Cards, but overturned one to governing another year on the Legal tender Times. In the 1875, Congress enacted the newest Specie Payment Resumption Work, requiring the newest Treasury to let You.S. Structure provides you to Congress has the power “to money money”.9 Legislation using it power are codified inside Identity 29 of your U.S.

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