In 1935, by five-to-four decision, the Supreme Court upheld the right of the U. S. Treasury to redeem bonds, sold as payable in gold, in devalued 59¢ dollars. It also denied citizens the right of suing for payment in gold dollars in the Court of Claims. Before the Court have been three cases, rising indirectly from the original gold clause decisions. In these holders of Liberty Bonds, marked payable in gold but called for redemption in "legal tender," contended that the redemption call was invalid, hence that the Government still owes...

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