The first was the declaration "that all the obligations of the Government, not payable by their express terms in coin, ought to be paid in lawful money.
Mr. Sloan of Wisconsin proposed an amendment to make "bonds and all other obligations of the United States hereafter issued payable in lawful money," but the suggestion met with no favor.
Every fall the clearing-house banks of New York City alone give up about fifty millions of "lawful money" to meet this demand.
Each bank must keep on deposit with the Minister of Finance a sum of lawful money (gold or Dominion notes) equal to 5 per cent.
But Providence presented four thousand, two hundred and eighty pounds, lawful money, and advantages superior to Newport in other respects.
Warren was at first agreed on as a proper situation, where a small wing was to be erected, in the spring of 1770, and about eight hundred pounds, lawful money, was raised towards erecting it.
But even this extreme advantage to the creditors over payment in "lawful money" of the United States, in which the bonds were bought, and in which they were legally payable, was insufficient.
His strong predilection for classical studies led him to accept the latter appointment; and until 1787 he joined to the duties of a professor those of a tutor, receiving for all his services one hundred pounds, lawful money, annually.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "lawful money" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
