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the exercise of undisputed constitutional powers, undertaken to provide a currency for the whole country, it cannot be questioned that
Congress may, constitutionally, secure the benefit of it to the people by appropriate legislation. To this end, Congress has denied the quality of legal tender to foreign coins, and has provided by law against the imposition of counterfeit and base coin on the community. To the same end, Congress may restrain, by suitable enactments, the circulation as money of any notes not issued under its own authority. Without this power, indeed, its attempts to secure a sound and uniform currency for the country must be futile.
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It cannot be doubted that under the
Constitution the power to provide a circulation of coin is given to Congress. And it is settled by the uniform practice of the government and by repeated decisions, that Congress may constitutionally authorize the emission of bills of credit. ... Having thus, in
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Congress had just undertaken to provide for a uniform currency for the country. To protect the newly established national bank from undue competition for the state banks, Congress was using its power indirectly when it could have used a direct method. Congress had to protect the newly established
407:"That every national banking association, State bank or State banking association shall pay a tax of ten per centum on the amount of notes of any person, State bank, or State banking association, used for circulation and paid out by them after the 1st day of August, 1866."
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passed an act on July 13, 1866, which imposed a 10 per cent tax on notes of private persons, state banks, and state banking associations.
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and restrain the notes of the state banks as money. Authority to do this arose from its power to regulate the circulation of coin.
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The Veazie Bank paid the tax under protest, alleging that
Congress had no power to pass such an act.
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National
Federation of Independent Business v. Sebelius
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National
Federation of Independent Business v. Sebelius
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Chase, joined by Grier, Clifford, Swayne, Miller, Field
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United States
Supreme Court cases of the Chase Court
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108:Learn how and when to remove this message
866:Pollock v. Farmers' Loan & Trust Co.
741:Pollock v. Farmers' Loan & Trust Co.
1001:Brushaber v. Union Pacific Railroad Co.
882:Brushaber v. Union Pacific Railroad Co.
459:) 533 (1869) is available from:
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300:, 75 U.S. (8 Wall.) 533 (1869), was a
44:Please improve this article by adding
120:1869 United States Supreme Court case
7:
520:United States constitutional tax law
1009:Burnet v. Sanford & Brooks Co.
963:Commissioner v. Glenshaw Glass Co.
138:Supreme Court of the United States
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1098:United States Supreme Court cases
1063:Amendment affecting apportionment
610:Decline of sovereign tax immunity
1058:Apportionment of representatives
341:In a 5–2 opinion, Chief Justice
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1068:Origination of bills of revenue
593:Pollock v. Farmers' L. & T.
1113:1869 in United States case law
680:Bailey v. Drexel Furniture Co.
1:
1028:Bowers v. Kerbaugh-Empire Co.
917:Bowers v. Kerbaugh-Empire Co.
349:taxing power was authorized.
46:secondary or tertiary sources
890:Stanton v. Baltic Mining Co.
757:Stanton v. Baltic Mining Co.
637:Uniformity of indirect taxes
928:Taxable corporate dividends
302:United States Supreme Court
1129:
955:Taxable corporate earnings
822:Cooley v. Board of Wardens
799:Cooley v. Board of Wardens
785:State import-export duties
653:Brushaber v. Union Pacific
554:Brushaber v. Union Pacific
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993:Deductions and exemptions
858:Springer v. United States
836:
733:Springer v. United States
688:United States v. Kahriger
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147:Decided December 13, 1869
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944:United States v. Phellis
874:Flint v. Stone Tracy Co.
749:Flint v. Stone Tracy Co.
725:Hylton v. United States
624:South Carolina v. Baker
289:Nelson, joined by Davis
145:Argued October 18, 1869
563:Sovereign tax immunity
364:
345:held that this use of
323:Circuit Court of Maine
204:Circuit Court of Maine
57:"Veazie Bank v. Fenno"
33:relies excessively on
1073:Federal voting rights
982:Crane v. Commissioner
569:McCulloch v. Maryland
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813:State tonnage duties
616:Flint v. Stone Tracy
577:Veazie Bank v. Fenno
445:Veazie Bank v. Fenno
380:Veazie Bank v. Fenno
337:Opinion of the Court
297:Veazie Bank v. Fenno
156:Veazie Bank v. Fenno
126:Veazie Bank v. Fenno
850:History and purpose
773:California v. Texas
704:California v. Texas
664:Regulatory taxation
473:Library of Congress
1048:Related provisions
1020:Diminution of loss
936:Eisner v. Macomber
909:Eisner v. Macomber
548:Scope of authority
225:Associate Justices
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601:Davis v. Michigan
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585:Collector v. Day
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417:Veazie Bank
261:David Davis
1092:Categories
482:OpenJurist
367:References
355:bank notes
347:Congress's
308:Background
68:newspapers
35:references
532:Article I
162:Citations
443:Text of
313:Congress
278:Majority
184:533; 19
286:Dissent
82:scholar
1031:(1926)
1012:(1931)
1004:(1915)
985:(1947)
966:(1955)
947:(1921)
939:(1920)
920:(1926)
912:(1920)
901:Income
893:(1916)
885:(1915)
877:(1911)
869:(1895)
861:(1881)
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768:(2012)
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175:more
167:U.S.
61:news
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