Thomas Jefferson: Opinion on National Bank - Analysis | Milestone Documents - Milestone Documents

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

( 1791 )
  • “It would reduce the whole instrument to a single phrase, that of instituting a Congress with power to do whatever would be for the good of the United States; and, as they would be the sole judges of the good or evil, it would be also a power to do whatever evil they please.” - II: 1
  • “Can it be thought that the Constitution intended that for a shade or two of convenience, more or less, Congress should be authorized to break down the most ancient and fundamental laws of the several States; such as those against Mortmain, the laws of Alienage, the rules of descent, the acts of distribution, the laws of escheat and forfeiture, the laws of monopoly? Nothing but a necessity invincible by any other means, can justify such a prostitution of laws, which constitute the pillars of our whole system of jurisprudence.” - II: 2
  • “Will Congress be too strait-laced to carry the Constitution into honest effect, unless they may pass over the foundation-laws of the State government for the slightest convenience of theirs?” - II: 2
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Jefferson's ”Opinion on the Constitutionality of a National Bank“ (National Archives and Records Administration)

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