..."coin money, regulate the value thereof, and of foreign coin"; and that no State shall coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts. Hence it was argued that gold and silver coin only constituted the lawful...

...inconvertible paper currency that they placed in the Constitution a provision that "no State shall . . . emit bills of credit" or "make anything but gold and silver coin a tender for debt." So far as the Federal Government is concerned, while the Constitution contains...

...power over the monetary system. It may charter and regulate state banks, but it cannot coin money, emit bills of credit, or make anything but gold and silver coin legal tender in the payment of debts. It may, however, authorize a state bank or state banking association...

...rights of the national government. 112. Fiscal Powers of States. — No State shall coin money, or emit bills of credit, or make anything but gold and silver coin a legal tender in payment of debts. These restrictive provisions are necessary in order to prevent...

...constitution of the United tipn proStates was framed it contained a provision that "no state shall emit bills of credit (or) make anything but gold and silver coin a tender in payment of debts". It was strongly urged that the national government should also be prohibited...

...that clause of the Constitution of the United States, which declares that no State shall have power to emit bills of credit or make anything but gold and silver a legal tender for the payment of debts. 9. Hesolved, that experience having taught us, that v/hen...

...contracts. The states have practically no control over the monetary system. They may not coin money, emit bills of credit, or make anything but gold and silver coin legal tender. States may charter and regulate state banks, however, and may also authorize a state...

...war unless actually invaded, or in such imminent danger as will not admit of delay. (8) Coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts. (4) Without the consent of Congress, lay any duty of tonnage, or lay...

...is pledged. 4 Kent, Comm. 408. The constitution of, the United States provides that no state shall emit bills of credit, or make anything but gold and silver coin a tender in payment of debts. Article 1, § 10. This prohibition, it seems, does not apply to bills...

...by the Continental Congress. 3 Article I, Section 10, of the Federal Constitution forbade any State to " emit bills of credit " or " make anything but gold and silver coin a tender in payment of debts." Almost throughout their history, the Colonial bills of credit were greatly...