Quotes · Quote card
Quotation from Norman v. Baltimore & Ohio Railroad Co. (Gold Clause Cases) by Supreme Court of the United States
“We are of the opinion that the gold clauses now before us were not contracts for payment in gold coin as a commodity, or in bullion, but were contracts for the payment of money.”
Norman v. Baltimore & Ohio Railroad Co. (Gold Clause Cases), Opinion of the Court (Chief Justice Hughes) (U.S. Reports text (Legal Information Institute))
Chief Justice Hughes characterizes the gold clauses, a step that brings them within the currency power.
Citation: "We are of the opinion that the gold clauses now before us were not contracts for payment in gold coin as a commodity, or in bullion, but were contracts for the payment of money." — Supreme Court of the United States, Norman v. Baltimore & Ohio Railroad Co. (Gold Clause Cases), Opinion of the Court (Chief Justice Hughes) (U.S. Reports text (Legal Information Institute)). (id norman-v-baltimore-and-ohio-railroad-q2)
Portrait: Charles Evans Hughes cph.3b15401 (3x4a), Underwood & Underwood, Public domain.
