I found this link, and felt it should be shared.

Link: http://www.freedomdomain.com/banking/credit_river1.html

Snippet one:

During the trial, on cross examination the President of the "Bank of Montgomery"
testified that the banks regularly "create money out of thin air."

Jerome asked the Bank President:
"If you were just opening up your bank and no one had yet made a deposit,
and I came into your bank, and wanted to take out a loan of $18,000.00,
could you loan me that money?

When the Bank President said, "Yes."
I thought the jury would faint.

Jerome than said , "Does this mean that you can create money out of thin air?"

The Bank President said: "Yes. We can create money out of thin air."

Justice Mahoney then said "IT SOUNDS LIKE FRAUD TO ME" and everybody in the
court room nodded their heads indicating that they agreed with Justice Mahoney.
--
The jury went out and returned a verdict in favor of Jerome Daly on the basis
that the Federal Reserve Notes were not legal and valid consideration for a
mortgage note contract.

Snippet two:

Justice Mahoney declared that only "Gold and Silver Coins" were moneys of
account of the United States, and that the Constitution is still the LAW
today. "No state shall make any "THING" but Gold and Silver Coin a tender in
payment of debts..."

And of course since the Federal Government had been given only 18 to 20
powers under the Constitution it was a "Limited Government", and according to
the 9th and 10th amendments the states and the people were Sovereign, and
retained for themselves all of the other rights not specifically given to the
Feds.

When news of the jury's decision was picked up by Vern Myers and written
about in his newsletter, "Myers Finance and Commerce" and sent world wide the
whole world was afraid to accept FRAUDS and it got so big that they had
Justice Mahoney killed within 6 months and Jerome and I had a couple of close
calls too.

Comment:

Anyone know why this case is not used as a precident?

Good Luck to all!