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Re: 1800s Bailouts ?????
In Response To: Re: 1800s Bailouts ????? ()

from a paper called "THE ROLE OF PRIVATE TRANSPORTATION IN AMERICA’S 19th-CENTURY “INTERNAL IMPROVEMENTS” DEBATE"

"southerners were so opposed to federal subsidies for internal improvements that the Confederate Constitution of 1861 prohibited
them (with a few minor exceptions). Article I, Section 8, Clause 3, stipulated that the Congress shall have the power to regulate commerce with foreign nations, and among the several States, and with Indian tribes; but neither this, nor any other clause contained in the Constitution, shall ever be construed to delegate power to the Congress to appropriate money for any internal improvement intended to facilitate commerce . . ."

http://mises.org/journals/scholar/internal.pdf

___________________________
David Upton

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1800s Bailouts ?????
No, subsidies *NM*
Re: No, subsidies
Re: 1800s Bailouts ?????
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