...(1) The states may not "emit bills of credit" — in other words, issue paper money. (2) They may not make anything but gold and silver "a tender in payment of debts." That is, a state may not force a person to accept paper money in payment of an obligation. (3) The...

...alliance, or confederation; grant letters of marque and reprisal; coin money; emit bills of credit; make anything but gold and silver a tender in payment of debts; pass any bill of attainder, ex post facto law, or law impairing the obligation of contracts, or grant...

...thereof,' and that by article 1, section 10, paragraph 1, of said Constitution it is provided that 'no state shall coin money, emit bills of credit, or make anything but gold and silver coin a tender' in payment of debts, in contracts made in the United States to be performed in the United...

...able to force the inclusion in the constitution approved by it of the provision that no state should coin money, emit bills of credit, or make anything but gold and silver a tender for payment of debts. Upon the ratification of the constitution the effect of this was to demonetize...

...might easily discharge their obligations. Accordingly, the Constitution provided that no state should coin money, emit bills of credit, or make anything but gold and silver coin legal tender for the payment of debts. States might charter banks, which in turn might issue notes...

...sentiment, and the new constitution which was adopted and went into effect in 1789, forbade any state to coin money, emit bills of credit or make anything but gold and silver coin a legal tender. This was the beginning of a better condition of finance. State issues soon disappeared,...

...make certain that this control would not be encroached upon by the states the latter were forbidden to coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debt.11 The states have not attempted to coin money, but they have tried...

...state might impair the obligations of contract — a firm bulwark against agrarian radicalism — or coin money, emit bills of credit, or make anything but gold and silver coins a tender in payment of debts.1 But while wishing to protect property against the nascent radicalism...

...qualified permission to the states to issue money. The final draft took away from them all power to coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts. Skipping over the interval between then and 1861, it is only necessary...

...Constitution "to coin money" and "regulate the value thereof," while it is prohibited to the States to "coin money, emit bills of credit" or "make anything but gold and silver coin a tender in payment of debts." The government alone having power to provide money for the use...