THE TERM DOLLAR HAS BEEN DEFINED SEVERAL WAYS:
“A silver coin” Webster’s Encyclopedic Dictionary, 1980.
“A weight of gold or silver” Encyclopedia Britannica, 1962.
“412.5 grains of silver” World Dictionary, 1959.
The Century Dictionary, Published 1914 (with over 8,000 pages of definitions) defines the term DOLLAR as “The monetary unit or standard of value of the United States and Canada. By the term Dollar in the United States is intended the coined dollar of the United States, a certain quantity in weight and fineness of gold or silver…”Silver Certificates state the following: “This certifies that there is on deposit in the Treasury of the United States of America (denomination) Dollar(s) in silver payable to the bearer on demand.”
United States Notes states the following:
“The United States of America will pay to the bearer on demand (denomination) Dollar(s).”
A NOTE cannot be a DOLLAR, it can only be a promise to pay.
The United States Constitution only permits coined money to be used to...