History of the Origin, Formation, and Adoption of the Constitution of the United States, Vol. 1: With Notices of Its Principle FramersCurtis, George Ticknor
History
History of the Origin, Formation, and Adoption of the Constitution of the United States, Vol. 1: With Notices of Its Principle Framers
Curtis, George Ticknor
Constitutional history -- United States
A written constitution, with a precise and well-defined mode of
operation, had thus succeeded to the vague and indefinite, but ample,
powers of the earlier government. But in the very modes of its
operation, there was a monstrous defect, which distorted the whole
system from the true proportions and character of a government. It gave
to the Confederation the power of contracting debts, and at the same
time withheld from it the power of paying them. It created a corporate
body, formed by the Union and known as the United States, and gave to
it the faculty of borrowing money and incurring other obligations. It
provided the mode in which its treasury should be supplied for the
reimbursement of the public creditor. But over the sources of that
supply, it gave the government contracting the debts no power whatever.
Thirteen independent legislatures granted or withheld the means which
were to enable the general government to pay the debts which the general
constitution had enabled it to contract, according to their own
convenience or their own views and feelings as to the purposes for which
those debts had been incurred. Yet the debts were wholly national in
their character, and by the nation they were to be discharged. But, by
the operation of the system under which the nation had undertaken to
discharge its obligations, the duty of performance was parcelled out
among the various subordinate corporations of States, and the country
was thus placed in the position of an empire whose power was at the
mercy of its provinces, and was sure to be controlled by provincial
objects and ideas.
Public-domain text, read in full here on John Shaqi.
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