National Bank
“Bank Corporation”
idea · 2 works · 2 mentions · 5 anchored passages
State capital · a bank · bank corporation · banks · centralisation of credit · national bank
in the texts
Construction Construed and Constitutions Vindicated
The federally chartered Bank of the United States, whose creation via an inferred implied power from the taxation clause is treated as the paradigm case of unconstitutional constructive power.
The precedents of the alien and sedition laws, and of the bank corporation, recognize a concurrent power in congress with the state governments, over persons;
The road precedent is enough to justify congress in a restriction of the state right of taxation, to a demolishing extent, according to the decision of the federal court in the bank case;
for, these are undoubtedly as convenient and necessary for war, as banks are for taxation.
The Communist Manifesto
A state-owned bank with monopoly over credit, proposed as one of the ten Communist measures for transitional societies.
Centralisation of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.