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" When a government enters into a contract with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges the character of legislator for that of a moral agent, with the same rights and obligations as an individual.... "
Tax-exempt Securities: Hearings Before a Subcomm... on H.J. Res. 314... Feb ... - Page 60
by United States. Congress. Senate. Committee on the Judiciary - 1923 - 175 pages
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Reports of the Secretary of the Treasury of the United States ..., Volume 1

United States. Department of the Treasury - Finance - 1837 - 578 pages
...substance. When a Government enters into contact with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges...excepted out of its power to legislate, unless in wd of them. It is, in theory, impossible to reconcile the two ideas of a promise which obliges with...
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Reports of the Secretary of the Treasury of the United States ..., Volume 1

United States. Department of the Treasury - Finance - 1837 - 578 pages
...depos . >• . to the matter of the contract, its constitutional authority, and exchanges •.!,• character of legislator for that of a moral agent, with the same rights a . obligations as an individual. Its promises may be justly considered as ?v cepted out of its powrr...
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The Works of Alexander Hamilton: Finance

Alexander Hamilton - Finance - 1851 - 620 pages
...substance. When a Government enters into contract with an individual, it deposes as to the matter of the contract, its constitutional authority, and exchanges...in theory, impossible to reconcile the two ideas of al)romise which obliges with a power to make a law which can vary the effect of it. This is the great...
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United States Reports, Supreme Court: Cases Argued and ..., Volume 9; Volume 99

United States. Supreme Court - Law reports, digests, etc - 1879 - 856 pages
...government," he observes, " enters into a contract with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges...individual. Its promises may be justly considered out of its power to legislate, unless in aid of them. It is, in theory, impossible to reconcile the...
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Some Account of the Work of Stephen J. Field: As a Legislator, State Judge ...

Chauncey F. Black, Samuel B. Smith - Constitutional history - 1881 - 556 pages
...government,' he observes, ' enters into a contract with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges...legislator for that of a moral agent, with the same rights 245 and obligations as an individual. Its promises may be justly considered out of Us power to Jet/ialafe,...
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The Pacific Reporter, Volume 22

Law reports, digests, etc - 1890 - 1182 pages
...power." "When a government enters into a contract with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges the character of legislator for that of moral agent, with the same rights and obligations as an individual. It is, in theory, impossible to...
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The Central Pacific Railroad Company in Equitable Account with the United ...

Central Pacific Railroad Company - Pacific railroads - 1887 - 478 pages
...individual it deposes, M to the matter of the contract, its constitutional authority, and exchange* 93 the character of legislator for that of a moral agent,...them. It is in theory impossible to reconcile the idea of a promise which obliges, with a power to make a law which shall vary the effect of it. (8d...
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United States Reports: ... and Rules Announced at ...

United States. Supreme Court - Law reports, digests, etc - 1889 - 790 pages
..." When a government enters into a contract with an individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges the character of legislator for that of Argument for Defendant in Error. a moral agent, with the same rights and obligation as an individual."...
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Some Account of the Work of Stephen J. Field: As a Legislator, State Judge ...

Chauncey F. Black, Samuel B. Smith - Constitutional history - 1895 - 808 pages
...deposes, as to the matter of the eontraet, its eonstitntional anthority, and exehanges the eharaeter of legislator for that of a moral agent, with the same rights and ohligations as an individnal. Its promises may he jnst 1}- eonsidered ont of Ha power In 1e,fixlatr,...
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Acts and Joint Resolutions of Congress and Decisions of the Supreme Court of ...

United States - Pacific railroads - 1897 - 270 pages
...individual, it deposes, as to the matter of the contract, its constitutional authority, and exchanges tLe character of legislator for that of a moral agent,...individual. Its promises may be justly considered out of its power to legislate, unless in aid of them. It is, in theory, impossible to reconcile the...
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