"It is maintained by some that the bank is a means of executing the constitutional power "to coin money and regulate the value thereof." Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional."
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Presidents of the United StatesMilitary leaders from the United StatesGovernors of FloridaPoliticians from South CarolinaPoliticians from North Carolina
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Andrew Jackson
1767 – 1845
US-amerikanischer Politiker und der siebte Präsident der Vereinigten Staaten (1829-1837).
66 quotes on TrueQuotesView all quotes by Andrew Jackson →
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