Nevada Silver Coins

[Purge]

Providing that such coins are legal tender for all debts in this state.

Section 1. Chapter 353 of NRS is hereby amended by adding

1-2 thereto the provisions set forth as sections 2 and 3 of this act.

1-3 Sec. 2. The Legislature finds that:

1-4 1. The State of Nevada, at the time of its admission to the

1-5 United States, was a sovereign entity on equal footing with the 13

1-6 sovereignties that formed the compact known as the Constitution

1-7 of the United States.

1-8 2. In ratifying and approving the Constitution of the United

1-9 States, Nevada agreed to delegate certain of her sovereign powers

1-10 to three agencies of government, all in the form provided by the

1-11 Constitution.

1-12 3. Among the powers delegated by Nevada was the sovereign

1-13 power to issue money. That power was delegated by Nevada and its

1-14 sister states to the Congress of the United States in Section 8 of

1-15 Article I of the Constitution of the United States, on condition that

1-16 the Congress would issue all money.




2-1 4. Nevada also, in Section 10 of Article I of the Constitution

2-2 of the United States, agreed not to issue its own money. This

2-3 agreement was also conditioned upon the Congress discharging its

2-4 obligation to issue money as the agent of Nevada and its sister

2-5 states.

2-6 5. The purported delegation by the Congress of the power to

2-7 issue money to the Federal Reserve Bank, a privately owned

2-8 corporation, is a violation of the terms of the Constitution of the

2-9 United States.

[palani]

I believe this was either voted down on constitutional grounds or didn't pass their court test before it got to a vote. This was at a time when silver was about $4.5 per oz and the State of Nevada was going to issue $20 1 oz silver coins. In other words they would more than pay for their minting cost and help stimulate their silver producers in a time of low prices.


http://www.gold-eagle.com/editorials...ers042603.html


At the time quite a few states were going into panic mode over budget deficits. I see where Minnesota has just shut down their government and I haven't heard that it reopened yet. California is also in deep doo - doo. But, the beat goes on.