Quote of the day...

Constitutionality of Banks

“The circumstances that the powers of sovereignty are in this country divided between the National and State governments, do not afford the distinction required. It does not follow from this, that each of the portions of powers delegated to the one or to the other, is not sovereign with regard to its proper objects. It will only follow from it, that each has sovereign power as to certain things, and not as to other things.”

Alexander Hamilton, Opinion on the Constitutionality of the Bank of the United States, February 23, 1791