| Commerce - 1842 - 600 pages
...it is directly denied to the states in these words : — " No state shall coin money, emit bills of credit, or make any thing but gold and silver a tender in payment of debts. " Consequently, either there shall be no paper money at all, or it shall be under the sole control... | |
| Michigan. Legislature - Michigan - 1842 - 130 pages
...the United States, among other prohibitions, declares that no state shall "coin money, emit bills of credit, or make any thing but gold and silver a tender in payment of debls." State treasury notes come precisely under the character of " bills of credit," which the constitution... | |
| Commerce - 1842 - 608 pages
...Since no state can coin money, or emit bills of credit, (under which paper money is included,) can they make any thing but gold and silver a tender in payment of debts ?" No state has itself a right to make money, no matter whether gold, silver, or any other material,... | |
| Daniel Webster - United States - 1843 - 582 pages
...perfectly plain, and of the very highest importance. The States are expressly prohibited from making any thing but gold and silver a tender in payment of debts ; and, although no such express prohibition is applied to Congress, yet, as Congress has no power granted... | |
| John Macgregor - Commercial treaties - 1846 - 658 pages
...the value of foreign coins,' and when they forbade the states ' to coin money, emit bills of credit, make any thing but gold and silver a tender in payment of debts,' or ' pass any law impairing the obligation of contracts.' If they did not guard more explicitly against... | |
| Andrew White Young - Constitutional history - 1839 - 384 pages
...drawn on the credit of a particular fund appropriated for that purpose. ^i 447. The power to rtlake any thing but gold and silver a tender in payment of debts^ is taken from the states on the same principle as the power of issuing bills of credit. Paper mOuoy,... | |
| Daniel Webster - United States - 1851 - 660 pages
...last branch of the sentence, than to the word " debts," in that immediately preceding? Can a State make any thing but gold and silver a tender in payment of future debts ? This nobody pretends. But what ground is there for a distinction ? No State shall make... | |
| Daniel Webster - United States - 1851 - 578 pages
...perfectly plain, and of the very highest importance. The States are expressly prohibited from making any thing but gold and silver a tender in payment of debts ; and although no such express prohibition is applied to Congress, yet, as Congress has no power granted... | |
| Alexander Hamilton, James Madison, John Jay - Constitutional law - 1852 - 528 pages
...less incident to a power in the states to emit paper money, than to coin gold or silver. The power to make any thing but gold and silver a tender in payment of debts, is withdrawn from the states, on the same principle with that of issuing a paper currency. Bills of... | |
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