Reports Cases Argues Determined Supreme Court Judicature State Indiana

Reports Cases Argues Determined Supreme Court Judicature State Indiana

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1864 edition. Excerpt: ...and the final possession of conquered territory at the end of a war must be determined by treaty; and Thayer v. Hedges and Another. pecuniary obligations may, also, be imposed upon the nation by such treaty arrangements. A treaty is a bargain which the Constitution authorizes the government to make, and it may relate to laud or money, &c; hut the money to discharge the obligations thereby created must be raised in the modes prescribed by the Constitution. It is not an incident of the power to collect the dues and pay the debts of the United States. That power, in connection with the constitutional provision, that the laws of the United States, made pursuant to the Constitution, shall be the supreme law, may well enough justify the act giving the United States priority of payment out of the effects of an insolvent debtor. See Conrad v. The Atlantic, c. Co., 1 Pet. U. S. Rep. 385. It will be observed that we here say nothing about the necessity or propriety of authorizing, in any exigency, paper like bank paper, so secured as that it shall be voluntarily circulated as currency by the people; they receiving it, not by compulsion, but freely, through confidence that its final redemption is certain and near. That question is not before us. Treasury notes might thus circulate without legislative compulsion. A further view of the question, in brief. The Constitution declares that Congress shall have power "to coin money, regulate the value thereof, and of foreign coin;" and that "no State shall coin money, or make anything but gold and silver coin a tender in payment of debts." Now, the power is no where expressly given to Congress to make even coin a legal tender, but the prohibition to the States to make anything...show more

Product details

  • Paperback | 198 pages
  • 189 x 246 x 11mm | 363g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236880196
  • 9781236880192