Excerpt from Niles' National Register, Vol. 61: Containing Political, Historical, Geographical, Scientifical, Statistical, Economical, and Biographical Documents, Essays and Facts; Together With Notices of the Arts and Manufactures, and a Record of the Events of the Times
There is the answer - the triumphant, the conclu sive answer. That branch was to be established in a territory, where the constitution expressly gives. To congress a general discretionary legislative authority. This bill, on the contrary, contemplates the establish ment of branches within the limits of sovereign states, in regard to which congress has none but specific powers, formally enumerated and defined. As to the other bill, to punish counterfeiters of the bank paper, what did the honorable senator also tell us in 1811? These are his words As to the other act, it was passed no less for the benefit of the community than the bank - to protect the ignorant and unweary from counterfeit paper, purporting to have been emitted by the bank. When gentlemen are claiming the advantage supposed to be deducible from acquiescence, let me inquire what they would have had those to have done who believed the establishment of the bank an encroachment upon state rights? Were they to have resisted, and how? By force?
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Quantity: 15 available