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Description

Octavo (9.5 inches). Bank of the United States. Pages 68-76. An article in the whole issue of: Niles' Weekly Register, New Series No. 4, Vol. IV, March 20, 1819, pages 65-80. Extracted from a bound volume, expertly mended and resewn. Slightly toned and a bit spotted. In the landmark Supreme Court Case McCulloch v. Maryland, Chief Justice John Marshall handed down important decisions on the expansion of federal powers and the division of powers between state and federal government. The article reproduces the full opinion of Marshall. On March 6, 1819, the United States Supreme Court ruled in McCulloch v. Maryland that Congress had the authority to establish a federal bank, and that the financial institution could not be taxed by the states. The decision made it possible for the federal government to expand dramatically over the next two centuries, and gave Congress the power to enact important social security legislation during the Great Depression of the 1930s and civil rights laws of the early 1960s. Niles' Weekly Register, published between 1811 and 1848, was the first weekly national newsmagazine, and exerted significant influence on early national discourse. Hezekiah Niles was a prominent Baltimore citizen.