, 1863-07-10

nave pecu seDL up Inc river, to st. Louis,
whero good places were found Tor over twelve
hundred people. This course, though rood
for the enigrant, necessarily prevents such
systematic management rs shows well to yisi.
tors, and appears well In reports.
CoSTRApAxD.
TEE TAXATION OF GOVERN
MERIT SECUHslIEES.
Decisions Of tie Supreme Court.
From the very important decieions of the
Supreme Courts relative to taxation Of Gov
crnment securities by States and cities pub
lished In the Bankers Magazine, we gather the
following interesting points. In the case Of
McCulloch rs. the State Of Maryland, IN ap.
peal from the Court Of Appeals Of that State
Chief Justice Marshall, of the United States
Supreme Court, laid down the following
broad p1atfozm:
The government Of the Union, though limited
in Its powers, is supreme within its sphere Of ac
ton. This wonld seem to result necessarily from
are 1cecnted by ul It represents ALL and acts for
all Though any one State may be willing to CON
trol Its operations 10 statc is willing to allow 9TH
on which 1t can act. mus; necessarily bind its COM
Toncnt parts. But this question Is not left to mere
rtnsoni he Feorie ha.e, y express terms, dcctd-
the United States, which ehAll be made in pursu-
ance thereof 'simN be the supreme law Of tue
land, aud BY requiring that the members Of tho
Legislatures, ard the officers Of the executive and
judicial DEPARTMENTS Of the States, shall take tho
cath Of fidelity 10 It.
In the late case Of the Bank Of Commerce.
ys. the Commissioners Of Taxation, [lsGS) tho
c. urt said:
II ~ nrnarnp+ In e+ndr;rr +1;a or,,;or T., NAV,
nection With tue oplnions Of tho Court n the cases
ofMecuIloch ys. tic State OF Marysaud,{ Il Uneat-
on. 11C) and Of Osborn, ". the United states, @
tsincs 20 ably cxpounded by the Chief Justice il,
the two previous cares IN the Interpretation Of an
analqse euspo~er IN the Constitution.
State extenda to everything which exists by its
owu authority or Is introduced by its permission,
but not to those 1neans which arc employed By
IN that body ny thr people OF the United States.
The attcEipt 10 use The power Of taxation on the
means enploye, BY The Government Of the Union
in pursuance OF the Constitution is itself abuse,
because It IL the nsuTpation Of power which the
people Of single state cannot EiEe and the Chief
Justice then asss epntsaet madt oy the govern"
- On the credit Of tic United States is ,lndoubtel
i independent Of tie will Of any State in which
Doubt dly an OPERATION essential 10 tho important
In lie case Of Dobbins vs.. Commission
ers OF Eric County, Pennsy lyania," tho Court
said:
eS Of s ot
with the incident, to at;ash It upon all pesaous
Fut ii our sjsteua there are limitations unnn lint
right Thcic is n concurrent right Of Iesis!atiou
III the States and the United States, except as
the Unitca States. Both ate restrained By
express Qrohi btsons IN the constitution; aud the
e of he m ssh ss Wth
The perfect txccutjou Of another so,crti"n mower
delegated to the United States. That occnrs when
t3soa b hG In % and
1ncv nac ma enlnr AZ narcassr ~ ,,roncp
1ncuns' Ia cSecutt. ti'eir soyc1rissn nowcr Tnn
nf fLn Initial Statas F. urrran,n ,,thsn
enlc1e of acion Ihe mea ~ ms',,1
nrnncr cary intn efct The noWcrs IN thc cGnst;.
| itnt;nn a,e in t.onar.ss ~" e40 A1 LAT
As " tnS eo!eLtu1;olIaA'1 ~ lesa! !, tGHueI
noaie, tAs eupiei'e eoua' VI Nc" iofh, Ut
Rochester, said:
It ia Tins seen that cnn~ress fns IN roneotei
tnstacccf. evcrcfred this yerv nower. NOT 10 he
SANG extent. or In The Aame t,,1,1ee ncrhsns Int
identical in lid. whenever In It's iut:nctf. the
necessities OF tls consenence Of the County re-.
nnired It. Tic nowe: ia c,ariy. in nv ins,1e1,t
uco of lie attributes Of cvyernmtn.s ii soy.r i1nty.
aid my be exercised Whenever it is deemed nce.
| eesnrv 6r nroner hv the soyrreipn anthoritv AMI
were it eve1, truc That thcsr notes could po ri.t-
| iuIiy h;. deckrrii md mane ,nwfui mnncv harc
10 tnul,f thcr rn,.id still ha made Ic.vf tanInr
~ Guu. ny. G1.o ss'tt . ue nuo tcEat .euuGt
congress M :1s nas11ns t4e power 70 PROVIDE
| !ol ,,. 1s''ocl, ~ saei1iaction Or a
| GeGt, Eas LcceEsaa!y tho I1snI 70
ceelate Enat me tehocs snaH coNslsl OF. II T. not
Question o. policy OF expectancy ms;eiy, bnt OF
EoMeI: y! n.s eape.1h.eiHy r. II ana ptopliets 81 the
measure ssess 1s tac soie aha txclnsive 1ndse
II has tEe power 10 lake stch Q law. ~ Judge.
cht as 70 ne necessary or p!opsiefy Of It " the
time, as ennt1usMe' lle court nass no :':ht to
slnest'on H. except 10 determine snc existence Of
|
II Is qa':e appaEentL,noeed II eeems eei-cy1'