Summary

Rufus Wheeler Peckham Moses v. United States — Opinion of the Court

It is a voluntary bond when it is not demanded by any particular statute or regulation based thereon, and when it is not exacted in violation of any law or valid regulation of a department. Having the right to take a bond, the government, in a case like this, has the right to demand it from the officer, and to say to him that, if he do not give it, he will not be continued as 'a property and disbursing officer of the signal service.' Such a demand, when complied with, does not amount to the illegal exaction or extortion of the bond.
Source: Wikisource

Rufus Wheeler Peckham Moses v. United States — Opinion of the Court

Any other presumption would tend to show that the sureties, when signing the instrument, intended an idle thing, that is, to sign a paper which would not answer the purpose for which it was then executed,-or else they intended a traud upon, and to act dishonestly towards, the government. Neither presumption should be indulged in. The presumption called for under the circumstances is the one which is based upon the view that the principal and the sureties intended to act honestly, and to execute an instrument which would be accepted by the government.
Source: Wikisource

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