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SHELBY RESOURCES, INC. v. U.S. POSTAL SERVICE

No. 84 Civ. 8479 (CLB).

619 F.Supp. 1546 (1985)

SHELBY RESOURCES, INC., Plaintiff, v. UNITED STATES POSTAL SERVICE and Postal Rate Commission, Defendants.

United States District Court, S.D. New York.

October 21, 1985.

Attorney(s) appearing for the Case

Myron Engelman, White Plains, N.Y., for plaintiff.

Richard Mark, Asst. U.S. Atty., Joseph F. Wackerman, U.S. Postal Service, David L. Ruderman, Postal Rate Com'n, Washington, D.C., for defendants.

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...

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