Political Quotes

Charles Sumner: “There is no silence with regard to the States, which are expressly prohibited to “emit bills of credit,” or “make…”

On the record
There is no silence with regard to the States, which are expressly prohibited to “emit bills of credit,” or “make anything but gold and silver coin a tender in payment of debts.” Treasury notes are “bills of credit”; and this prohibition is imperative on the States.
Said by
Charles Sumner
Massachusetts

Editor's note · Context

He clarifies that while states are prohibited from certain actions, Treasury notes fall under the category of 'bills of credit' which are restricted.

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