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Quotation from Veazie Bank v. Fenno by Supreme Court of the United States
“There was, then, no National currency except coin; there was no general regulation of any other by National legislation; and no National taxation was imposed in any form on the State bank circulation.”
Veazie Bank v. Fenno, Opinion of the Court (Chief Justice Chase) (U.S. Reports text (Wikisource))
Chief Justice Chase describes the country's money at the outbreak of the Civil War.
Citation: "There was, then, no National currency except coin; there was no general regulation of any other by National legislation; and no National taxation was imposed in any form on the State bank circulation." — Supreme Court of the United States, Veazie Bank v. Fenno, Opinion of the Court (Chief Justice Chase) (U.S. Reports text (Wikisource)). (id veazie-bank-v-fenno-q1)
Portrait: Mathew Brady, Portrait of Secretary of the Treasury Salmon P. Chase, officer of the United States government (1860–1865, full version) (1), Mathew Benjamin Brady, Public domain.
