The Political Issues of the Time
The Political Issues of the Time
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The power to issue greenbacks and to make them a legal tender, has been asserted as an implied power, and it has been held by a bare majority of the Supreme Court of the United States, after a long controversy, that the legal-tender act of 1862 was valid. But this decision rests mainly, if not wholly, upon the ground that the issue of legal-tender notes was necessary as a war measure, and therefore a power implied as a necessary part of the power to declare and carry on war. The first decision ...of the Supreme Court was the other way, but with a full bench and a re-argument, tlie final result above stated was reached by a vote of five judges to four. No one can read the opinions of the majority without being iuipressed with the importance given to the fact that the legal-tender act was a loar measure. Thus Mr. Justice Mil- ler said, "The power to declare war, to suppress insurrection, to raise and support armies, to provide and maintain a navy, to borrow money on the credit of the United States, to pay the debts of the Union, and to provide for the conmion defense and general welfare, are each and all distinctly and specifically granted in separate clauses of the Constitu- tion.
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You can find similar books in the "Read Also" column, or choose other free books by George Washington Mccrary to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The power to issue greenbacks and to make them a legal tender, has been asserted as an implied power, and it has been held by a bare majority of the Supreme Court of the United States, after a long controversy, that the legal-tender act of 1862 was valid. But this decision rests mainly, if not wholly, upon the ground that the issue of legal-tender notes was necessary as a war measure, and therefore a power implied as a necessary part of the power to declare and carry on war. The first decision ...of the Supreme Court was the other way, but with a full bench and a re-argument, tlie final result above stated was reached by a vote of five judges to four. No one can read the opinions of the majority without being iuipressed with the importance given to the fact that the legal-tender act was a loar measure. Thus Mr. Justice Mil- ler said, "The power to declare war, to suppress insurrection, to raise and support armies, to provide and maintain a navy, to borrow money on the credit of the United States, to pay the debts of the Union, and to provide for the conmion defense and general welfare, are each and all distinctly and specifically granted in separate clauses of the Constitu- tion.
What to read after The Political Issues of the Time?
You can find similar books in the "Read Also" column, or choose other free books by George Washington Mccrary to read onlineMoreLess
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