George Bancroft Quote

Quote from George Bancroft,

"Madison, agreeing with the journal of the convention, records that the grant of power to emit bills of credit was refused by a majority of more than four to one. The evidence is perfect; no power to emit paper money was granted to the legislature of the United States."

By:	George Bancroft (more quotes by George Bancroft or books by/about George Bancroft)
	(1800-1891) American historian, U.S. Secretary of the Navy (1845-1846), established the United States Naval Academy at Annapolis in 1845
	(1800-1891) American historian, U.S. Secretary of the Navy (1845-1846)
Source:	<i>A Plea for the Constitution</i> (1886)
Categories:	Constitution, Economics, Fed, Money
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Kindle Categories:	Economics