Buy Daniel Webster; The Expounder of the Constitution by Everett Pepperell Wheeler
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Daniel Webster; The Expounder of the Constitution

Daniel Webster; The Expounder of the Constitution


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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER IV SUPREMACY OF THE NATIONAL GOVERNMENT?POWER TO CHARTER A BANK?MCCULLOCH VS. MARYLAND The next case of great importance in which Mr. Webster appeared before the Supreme Court was McCulloch against the State of Maryland.1 This case involved the consideration of the character of the Constitution. The question from the first had been whether it was to be construed liberally or strictly; whether it was the duty of a court, and indeed of all branches of the government, to deal with it as an instrument containing general grants of power for the purpose of endowing the new central government created by it with ample authority for all its needs, or whether it should be considered as a bargain between independent states, in which each had surrendered somewhat reluctantly a certain portion of power, but desired to retain as much as possible, and was, therefore, unwilling to admit that anything, not strictly nominated in the bond, was included in it. At the second session of the first Congress a National Bank was chartered. The act was ap- 1 Reported 4 Wheaton, 316. Act of February 25, 1791, c. 84. proved by Washington. The charter expired in 1811, and was not renewed. During the War of 1812, the financial condition of the country became such that a central bank was a public necessity. Mr. Webster was then member of the House of Representatives, and insisted strenuously that any bank which might be incorporated should be incorporated on sound financial principles, should be required to redeem its notes in specie, and should not be under obligation to loan fixed amounts in paper toahe government. To use his own language in his speech ir the House of Representatives, January 2, 1815: Something must be discovered which has hitherto escaped the observation of ma...


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Product Details
  • ISBN-13: 9781459065635
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 54
  • Spine Width: 3 mm
  • Width: 189 mm
  • ISBN-10: 1459065638
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 113 gr


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