Thomas Jefferson: “Opinion on the Constitutionality of a National Bank”

(1791)

Document Text

The bill for establishing a National Bank undertakes among other things:

1. To form the subscribers into a corporation.

2. To enable them in their corporate capacities to receive grants of land; and so far is against the laws of Mortmain.

3. To make alien subscribers capable of holding lands, and so far is against the laws of Alienage.

4. To transmit these lands, on the death of a proprietor, to a certain line of successors; and so far changes the course of Descents.

5. To put the lands out of the reach of forfeiture or escheat, and so far is against the laws of...

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Jefferson's ”Opinion on the Constitutionality of a National Bank“ (National Archives and Records Administration)

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