The Supreme Court of the united States decides Briscoe v. Bank of the Commonwealth of Kentucky: States may own a private bank, which in turn may issue banknotes, provided those notes are redeemable in gold or silver Coin.
[restored 1/14/2022]
Subsequent Events:
Authority:
Article I, Section 10 [Clause 1]
ccc-2point0.com/constitution-for-the-united-states
References:
Calvin D. Linton, ed. The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 112.
Current U.s. National Debt:
