Summary

Portrait of Stephen Johnson Field Stephen Johnson Field Knote v. United States — Opinion of the Court

There was no consideration of the effect of the pardon upon the proceeds of the forfeited property when paid into the treasury, but only of its effect upon those proceeds whilst under the control of the court in its registry. Any language which seemingly admits of a broader interpretation must be restricted to the facts of the case. There was no intention of expressing any opinion that a pardon could do away with the constitutional requirement as to money in the treasury; whilst there, it is the property of the United States.
Source: Wikisource

Portrait of Stephen Johnson Field Stephen Johnson Field Knote v. United States — Opinion of the Court

If, for example, by the judgment a sale of the offender's property has been had, the purchaser will hold the property notwithstanding the subsequent pardon. And if the proceeds of the sale have been paid to a party to whom the law has assigned them, they cannot be subsequently reached and recovered by the offender. The rights of the parties have become vested, and are as complete as if they were acquired in any other legal way.
Source: Wikisource

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