History of the United States of America Volume 2

History of the United States of America Volume 2

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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. 1896 edition. Excerpt: ...of the bill alternately mentioned an increased duty on imported articles generally, a particular duty on molasses, a direct tax, a tax on salaries, pensions, and lawyers, a duty on newspapers, and a stamp act. But, as was shown, no one of these was as feasible a means of raising the revenue demanded; consequently, on the 27th of January, the bill passed by a vote of thirty-five to twenty-one. A few days afterwards, the bill to incorporate the subscriber to the Bank of the United States, having been sent, from the Senate, was read the third time, and the question was now on its passage. Quite unexpectedly, it would seem, a strong and determined opposition sprang up at this point, and the debate for the fol lowing week was of the most ardent character, and called forth the ablest efforts of such men as Madison, Giles, Stone, and others, against, and of Ames, Boudinot, Gerry, Vining, and others, for the bill. The argument turned mainly upon the constitutional authority of Congress to pass an act incurporating a national bank. On the one hand, it The reader will be well repaid, by carefully per using the debates, as given in Senator Benton't "Abridgement of the Debate of Congrett," To). L, pp, 272-808. was contended, that Congress hud no Buch power under the Constitution, as would enable them to create this or any other corporation; and also, that so large a moneyed institution would, in its effects, be extremely injurious to the community. On the other hand, it was argued, that the establishment of a bank, though not named in the Constitution, was among the powers contemplated by that instrument, which gave Congress authority to make all laws necessary and proper for carrying into execution the powers expressly granted. The advocates of...show more

Product details

  • Paperback | 358 pages
  • 189 x 246 x 19mm | 640g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236652509
  • 9781236652508