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SAVAGE, EXECUTRIX v. UNITED STATES

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92 U.S. 382 (1876)

23 L.Ed. 660

SAVAGE, EXECUTRIX, v. UNITED STATES.

Supreme Court of United States.

April 17, 1876.

Attorney(s) appearing for the Case

The case was argued by Mr. Conway Robinson for the appellant. The court declined to hear Mr. Assistant Attorney-General Edwin B. Smith for the appellee.

MR. JUSTICE CLIFFORD delivered the opinion of the court.

Power was conferred upon the Secretary of the Treasury, by the act of the 17th of July, 1861, to borrow $250,000,000, for which he was authorized to issue bonds or treasury-notes; the treasury-notes to be of any denomination fixed by the secretary, not less than $50, and to be payable three years after date, with interest at the rate of seven and three-tenths per centum per annum, payable semi-annually. Sect...

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