And so it must be if there was a bank. But if there be no
balance of commerce, either direct or circuitous, all the banks in
the world could not bring up the surplus of taxes but in the form of
money. Treasury orders then, and bills of exchange may prevent the
displacement of the main mass of the money collected, without the aid
of any bank; and where these fail, it cannot be prevented even with
that aid.
Perhaps, indeed, bank bills may be a more _convenient_ vehicle
than treasury orders. But a little _difference_ in the degree of
_convenience_, cannot constitute the necessity which the constitution
makes the ground for assuming any non-enumerated power.
Besides; the existing banks will, without a doubt, enter into
arrangements for lending their agency, and the more favorable, as
there will be a competition among them for it; whereas the bill
delivers us up bound to the national bank, who are free to refuse all
arrangement, but on their own terms, and the public not free, on such
refusal, to employ any other bank. That of Philadelphia, I believe,
now does this business, by their post-notes, which, by an arrangement
with the treasury, are paid by any State collector to whom they are
presented. This expedient alone suffices to prevent the existence of
that _necessity_ which may justify the assumption of a non-enumerated
power as a means for carrying into effect an enumerated one.
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