, 1864-04-01
0l)ifdgo:: o::Irib1@nf.
FRIDAY, APRIL l, 1864.
UNCONSTITUTIONAL BANKs.

FRIDAY, APRIL l, 1864
UNCcNSTHTUTIoNA BANKS.
In the Associate Press report Of the pro-
cecdIngs Of Congress Oh Thursday, we find
the following:
The House went into Committee Of the Wholo
III. PlKE, Of Me-, offered m amendment IN eG Gf1
fec4 10 mnke banks eimply banks Of dcposaL aaa
to issue onl5 Legal Tender notes OF The oo'e1o
Gr HOOPER, Of Mast., ssld q the g",isn,n gSnu,iGsman
HIkc} was efnccrc be would nccept nxsne;s
tha sha not Hs aaq. e li1e ,oe say nose check or
1en 2. o g designed Of
lstsd e b sdsisdt rad Led q aeec l., substitute Of
uanncf. FOR the reason that 1t was IN conflict with
tic 3ceision q the .. 8. Supreme Court which IN
TIL. ss ksnaTeeeS TaIs eeSonstitationsl @ @ 4' 'e s1@
+. Mr.. Pike undoubtedly wishes the country |
Il tdbelleve TINT the suprsme Court has set
tisd thls question, and decided that the Bhln@
bills Of local corporations are
C6nsttf currency, because good
many ei8shI1n Maine are largely engaged
IL {rmanufactufing and vending those shin
plasters, But, with due respect to the legal
attainmcnts Of Mr.. Pike, We beg leave to In
form him that the question las never been
properly adJpdicated BY tho Supreme court,
and is still an open one, and we have not
nart,c]e of doubt that when it comes to be
k:,s,r ,'rcscn.c5 " ncfore that tribuns1 It win
- ,,,ot s.,,,ta II ;ssne nnaer State char.
s .sa. - .,-nnaons,,trt,or,, T. ia trnc
.ete' me , 1.tH ane... ~ s.s.a.ss ron-+ IA a.
1nat Hn3ol'ts VI 'u' eu % n,.., ~ - r... ~
caoe, ~ .ne s ~. 80 ,,..,- ~ ~ ~,
!aeSg, ~ le.' -, ~. re.~.,tnt,an fnrhid.
ia'e .t4a. eAau0 :. o>s. In ~ o-ad,t ), Int
dung nta1eS ~ st4s oiAs -~.l. -
Justice ptols' N 4us a'sseAey 14''s'v' .sess
Hhen 1o's rse ~"s - ~ 80. ,eso ,n.n
an. ~ -rs,s dcdndlr of onin1on that tho net Of
Ecntncsy cstabllshine thlr hank, szxs unconsiita-
ttonal and void, ~ amounting to m authority to
emit bills Of credit, for and ON behalf Of the ssate
within the prohibition of the Constitution oane
unated States: In pr'nespe "s ,ss 500 ri NJ.
decided ~ INC e1se a.n, Amonr TINT majority was
70. soon ,.;s y T;er .n.t;ce HnrshaIl." !"
11,ss aaofa,on then in the much yaunted
1..1a.y,, hr ihe fart that 1t yas against
4s.4sssss,nn' ~ ~ ~ ~. snnrrme Court in for.
-s. ss 80 ~ sc,,nst fhe opinion OF major
~. N.< a.. rnr-f T., tbaf rerr KentucRy Bank
t.y ~ sra-s ~ da,+t of The treat chief JUS
80 tTn-sh,11 The ncon1e Of the United
s.s.aa s.ss 1.srs +oafo,d ,norc resocct for the
oa,n,on ~ ind,-rs Marrhau and story on
cerat,trtion.} onestfop than thcy have for
49,. =. +ha othcr fn1ccs whose yery names
; <.s'. ~ ~ rs,.,ot+sn
'A1 Nv -. o,t.,o, of +bo f.opr+ IN
ueu"s Ds.e. s,n, ,,,,,f r..
Inc M'Se1ut, :..ee 49,. T. 49, ~: ~ .n.a:,
ace Muts..nu -. eeaueu " -. - IT, .s:s. WIe
WHICH c.as s1uno% et" r.
"the pFonoauon Me"us ans sns' u t0e
words are not empty SOUNDS. II "us' con'
"prehcnd tie emission OF any paper 'hea'am !
"by state GoEcfnmcns, 1of tne purpose OF
common clfcnlataon. ....-
and In The same opfn1on ne also eass =
~>bihs o. cfeoit tagnny paper medium IN
"tended to e'resasd 'oessasen sadtr.daats, ano
"bctwcen Government and individuals, Tor
"the ordinary purposes OF society,""
In that case also, 1t was expressly decided
TINT If the Issues be; unconstitutfonal, Tx
NOTES g3uen for The loan Of them AnE yo1n.
What does MI. Pike think Of these opinions
and decisions! We contend that they blow
his Kentucky case ont OF water. Perhaps hi
may resort TO the common dodge OF claiming
TINT the bills are Issued b. bank, and moi
by the State; but We reply that the bank Is ere
atcd by the State and authorized by thestate II
issue these notea to circulate as money. 1pth'
empha4ae aanguage Of Chae1 Sustaee Mafshaa'
"Can this make any real dihefencey Is til
proposition to be maintained that the Con
sntutaon meant to prohibit nan'es and NJ
sMangsf 'us1lee etofy pnls 1ae same 1oe
IN these ~oFde: "Ihht state may Hgh1
"fnlly evade The pfohibitions OF the Const