James Madison: “The bank proposed will be free from all legal obligation to cooperate with the public measures”

I recommend to Congress that provision be made by law for payments to the State of Georgia equal to the amount of Mississippi stock which shall be paid into the Treasury until the stipulated sum of $1,250,000 shall be completed.

It is found that the existing laws have not the efficacy necessary to prevent violations of the obligations of the United States as a nation at peace toward belligerent parties and other unlawful acts on the high seas by armed vessels…

Such a view of the Constitution, finally, would have the effect of excluding the judicial authority of the United States from its participation in guarding the boundary between the legislative powers of the General and the State Governments

It was not until the 22d of December following that a corresponding discontinuance of discriminating duties on British vessels and their cargoes in American ports took effect under the authority vested in the Executive by the act of March…