Memorial of the Committee Appointed by the "Free Trade Convention," Held at Philadelphia, in September and October, 1831

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W. A. Mercein, printer, 1832 - Free trade - 87 pages
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Page 52 - To exercise by its board of directors or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin, and bullion; by loaning money on personal security; and by obtaining, issuing, and circulating notes according to the provisions of this title.
Page 70 - The United States in Congress assembled shall also have the sole and exclusive right and power of regulating the alloy and value of coin struck by their own authority, or by that of the respective States...
Page 3 - It is invested with the power to coin money, and to regulate the value thereof, and to regulate commerce with foreign nations and among the several States.
Page 72 - No objection ought to arise to this construction from the supposition that it would imply a power to do whatever else should appear to Congress conducive to the general welfare.
Page 72 - These three qualifications excepted the power to raise money is plenary and indefinite, and the objects to which it may be appropriated are no less comprehensive than the payment of the Public debts, and the providing for the common defence and general Welfare. The terms "general Welfare...
Page 93 - No person, association of persons or corporation, except such as are expressly authorized by law, shall keep any office for the purpose of issuing any evidences of debt, to be loaned or put in circulation as money; nor shall they issue any bills or promissory notes or other evidences of debt as private bankers, for the purpose of loaning them or putting them in circulation as money, unless thereto specially authorized by law.
Page 53 - The said corporation shall not, directly or indirectly, deal or trade in buying or selling any goods, wares, merchandise, or...
Page 105 - ... everywhere, among the learned, the lawyers, the military, artists, merchants, mechanics, and men of all stations. - The reader may judge how well it is adapted to its object, from the circumstance, that though it now consists of twelve volumes, seven editions, comprising about ONE HUNDRED THOUSAND COPIES, have been printed in less than fifteen years. It has been translated into the Swedish, Danish and Dutch languages, and a French translation is now preparing in Paris.
Page 72 - And there seems to be no room for a doubt that whatever concerns the general interests of learning, of agriculture, of manufactures, and of commerce, are within the sphere of the national councils, as far as regards an application of money. The only qualification of the generality of the phrase in question, which seems to be admissible, is this: That the object to which an appropriation of money is to be made be general, and not local; its operation extending in fact or by possibility throughout...
Page 90 - Secondly. It will also be expected, that it will powerfully assist in raising the necessary loans, not by taking up, on its own account, any sum beyond what may be entirely convenient and consistent with the safety and primary object of the institution, but by affording facilities to the money lenders. Those, who, in the first instance, subscribe to a public loan, do not intend to keep the whole, but expect to distribute it gradually with a reasonable profit. The greatest inducement, in order to...

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