...Promissory notes or bills issued by a state government, exclusively on the credit of the state, and intended to circulate through the community for its ordinary purposes as money redeemable at a future lay, and for the payment of which the fajth of the state is pledged, 4 Peters'...

...supra. 42. 4 Peters 410, 432 (US 1830). In another broad definition he said that "to 'emit bills of credit' conveys to the mind the idea of issuing paper...money, which paper is redeemable at a future day." Ibid. One might feel warranted in interpreting Marshall as intending the broader, rather than the narrower,...

...money at a future day; thus including a certificate given for money borrowed. . . To 'emit bills of credit' conveys to the mind the idea of issuing paper...money, which paper is redeemable at a future day." * The Chief Justice goes into the history of the paper money evil that caused the framers of the Constitution...

...Chief Justice Marshall, in the case of Craig and others vs. the State of Missouri (4 Peters, 431), " conveys to the mind the idea of issuing paper intended...sense in which the terms have always been understood." It will be seen by reference to the constitutional clause quoted above, that it prohibits the exercise...

...instruments executed for such purposes, in common language, denominated 'bills of credit.' To i emit bills of credit ' conveys to the mind the idea of issuing paper...future day. This is the sense in which the terms have been always understood. At a very early period of our colonial history, the attempt to supply the want...

...the opinion of the Court upon that occasion, in answer to the very inquiry said ; ' To emit bills of credit, conveys to the mind the idea of issuing paper,...redeemable at a future day. This is the sense in which it lias been always understood.' Again : ' The term has acquired an appropriate meaning ; and bills...