This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1865 Excerpt: ...money can pass at par with gold and silver 1 What law did congress pass to prevent the depreciation of paper money? What was the effect of this law? What amount of those bills were issued? (Vhat finally became of those bills of credit? No state can pass any bill of attainder or ex post facto law; nor grant any title of nobility. A contract is a mutual agreement'between two persons or parties. Almost all the business transactions between man and man are performed by entering into contracts, either express or implied. When the parties have entered into a contract voluntarily, and in good faith, both are bound by it. If any third party could nullify or impair the contract the right of one or both parties would be destroyed. Merchants of one state contract with the merchants of other states, so that all the states are connected with each other in mercantile affairs. If the one state had the power to enact a law impairing contracts, it might, perhaps, injure persons in every state in the union. Hence the constitution prohibits any state from "passing any law impairing the obligation of contracts." No state can. grant any title of nobility, nor keep troops, or ships of war, in time of peace, without the consent of congress. Can a state pass any bill of attainder, or ex post facto law, or grant any title of nobility? What is a contract? Can a state pass any law impairing the obligation of contracts? Can a state keep troops or ships of war in time of peace, without the consent of congress? CONTRACTS. We have said that the government of the United States is divided into three departments, the Legislative, Executive, and Judicial; and that the legislative department was vested in the two houses of congress, limited by the veto of the president. Into what th...
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