 The definition, then, which does include all classes of bills of credit, emitted by the colonies or states, is a paper issued by the sovereign power, containing a pledge of its faith and designed to circulate as money.  Andrew Jackson - Page 424by William Graham Sumner - 1899 - 503 pagesFull view - About this book
 | United States. Supreme Court - Law reports, digests, etc - 1837 - 696 pages
...a bill of credit, which includes all classes of bills of credit emitted by the colonies or states, is a paper issued by the sovereign power, containing a pledge of its faith, and designing to circulate as money. ll,id. 3. A state cannot emit bills of credit, or, in other words,... | |
 | E. Fitch Smith - Constitutional law - 1848 - 1004 pages
...a bill of credit, which includes all classes of bills of credit emitted by the colonies or states, is a paper issued by the sovereign power, containing a pledge of its faith, and designing to circulate as money.(c) ยง 244. To constitute a bill of credit within the constitution,... | |
 | New York (State). Legislature. Senate - Government publications - 1851 - 1004 pages
...314, the definition given by Judge McLean, delivering the opinion of the court in that case, is, ua paper issued by the sovereign power containing a pledge...of its faith and designed to circulate as money." In the same case, at p. 331, justice Story says, " a bill of credit, then, issued by a state, is negotiable... | |
 | Richard Peters - Law reports, digests, etc - 1860 - 836 pages
...a bill of credit, which includes all classes of bills of credit emitted by the colonies or states, is a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money. Ibid. 6. A stale cannot emit bills of credit, or, in other words, it cannot issue that description... | |
 | Illinois. Supreme Court - Law reports, digests, etc - 1841 - 688 pages
...a bill of credit, which includes all classes of bills of credit emitted by the colonies and States, is a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money. If the legislature of a State attempt to make the notes of any bank a tender, the act will be unconstitutional... | |
 | Georgia. Supreme Court - Equity - 1868 - 480 pages
...definition, then, which docs include all classes of bills of credit emitted by Ihe colonies, or States, is a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money.'' Taking this definition, as imparted by the highest judicial tribunal in the land, as a guide, it will... | |
 | Law - 1868 - 894 pages
...definition, then, which does include all classes of bills of credit emitted by the colonies, or states, is a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money." Taking this definition as imparted by the highest judicial tribunal in the land, it will conduct to... | |
 | New York (State). Court of Appeals, George Franklin Comstock, Henry Rogers Selden, Francis Kernan, Erasmus Peshine Smith, Joel Tiffany, Edward Jordan Dimock, Samuel Hand, Hiram Edward Sickels, Louis J. Rezzemini, Edmund Hamilton Smith, Edwin Augustus Bedell, Alvah S. Newcomb, James Newton Fiero - Law reports, digests, etc - 1868 - 672 pages
...bill of credit, as used in the Constitution, somewhat more exact "It is," said that learned judge, "a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money." To the same effect Mr. Webster said, in his speech on the currency, in September, 1837: "Any paper... | |
 | United States. Circuit Courts, Benjamin Vaughan Abbott - Law reports, digests, etc - 1870 - 670 pages
...definition, then, which does include all classes of bills of credit emitted by the colonies or States, is a paper issued by the sovereign power, containing...of its faith, and designed to circulate as money." Taking this definition, as imparted by the highest judicial tribunal in the land, as a guide, it will... | |
 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...judges. Perhaps the best is to be found in the cause cited from 11 Peters, which is as follows : " A paper issued by the sovereign power, containing...of its faith, and designed to circulate as money." To whatever other criticism this may be open, it certainly must be deemed broad enough. Even if it... | |
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