Joseph P. Bradley Quotes
Cannot the poor man's cattle, and horses, and corn be thus taken by the government when the public exigency requires it, and cannot the rich man's bonds and notes be in like manner taken to reach the same end? If the government enacts that the certificates of indebtedness which it gives the farmer for his cattle and provender shall be receivable by the farmer's creditors in payment of his bonds and notes, is it anything more than transferring the government loan from the hands of one man to the hands of another—perhaps far more able to advance it? Is it anything more than putting the securities of the capitalist on the same platform as the farmer's stock?
During the Civil War the government had issued paper money and made it legal tender for the payment of all debts. A legal and commercial furor erupted. It was argued that the government was, in effect, taking citizens' valuable property, and only giving them worthless paper in exchange:
Joseph P. Bradley, 1813-1892, U. S. Supreme Court Justice, Legal Tender Cases, 1871
Sourced by: Eigen's Political and Historical Quotations
Joseph Philo Bradley was an American jurist best known for his service on the United States Supreme Court, and on the Electoral Commission that decided the disputed 1876 presidential election.