Objection has been made to the issuance of interest-bearing obligations for the purpose of retiring the noninterest-bearing legal-tender notes.
This would in time reduce the legal-tender notes to a volume that could be kept afloat without demanding redemption in large sums suddenly.
He said the legal-tender notes would be "borne up by all the faith and all the property of the people, and they will have all the value which that faith untarnished and that property inestimable can given them.
The whole issue of the compound-interest legal-tender notes amounted to upward of two hundred and seventeen millions.
Practically it leaves the volume of currency to be regulated by legitimate demand, with a proviso for the withdrawal of legal-tender notes to an amount equal to the new issues.
The desire to return to a specie basis was general, and yet not a few clung to the legal-tender notes as a permanent and standard currency.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "tender notes" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
