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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."


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)


<i>A Plea for the Constitution</i> (1886)


Constitution, Economics, Fed, Money


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