“That no one may charge that I pervert history to sustain my own theories, I call attention to the fact that not one of the colonies declared itself free and independent. Neither Virginia nor Massachusetts threw off its allegiance to the British crown as a colony. The great declaration was made not even by all the colonies as colonies, but it was made in the name and by authority of ‘all the good people of the colonies’ as one people. “Mr. Chairman, the dogma of State Sovereignty, which has re-awakened to such vigorous life in this chamber, has borne such bitter fruits and entailed such suffering upon our people that it deserves more particular notice. It should be noticed that the word ‘sovereignty’ can not be fitly applied to any government in this country. It is not found in our constitution. It is a feudal word, born of the despotism of the Middle Ages, and was unknown even in imperial Rome. A ‘sovereign’ is a person, a prince, who has subjects that owe him allegiance. There is no one paramount sovereign in the United States. There is no person here who holds any title or authority whatever, except the official authority given him by law. Americans are not subjects, but citizens. Our only sovereign is the whole people. To talk about the ‘inherent sovereignty’ of a corporation—an artificial person—is to talk nonsense; and we ought to reform our habit of speech on that subject. “But what do gentlemen mean when they tell us that a State is sovereign? What does sovereignty mean in its accepted use, but a political corporation having no superior? Is a State of this Union such a corporation? Let us test it by a few examples drawn from the Constitution. No State of this Union can make war or conclude a peace. Without the consent of Congress it can not raise or support an army or a navy. It can not make a treaty with a foreign power, nor enter into any agreement or compact with another State. It can not levy imposts or duties on imports nor exports. It can not coin money. It can not regulate commerce. It can not authorize a single ship to go into commission anywhere on the high seas; if it should, that ship would be seized as a pirate or confiscated by the laws of the United States. A State can not emit bills of credit. It can enact no law which makes any thing but gold and silver a legal tender. It has no flag except the flag of the Union. And there are many other subjects on which the States are forbidden by the Constitution to legislative. “How much inherent sovereignty is left in a corporation which is thus shorn of all these great attributes of sovereignty?