Summary

Portrait of John Marshall John Marshall Owings v. Speed — Opinion of the Court

In 1788, the legislature of Virginia passed an act, vesting 100 acres, part of this tract, in trustees, to be laid off in lots, some of them to be given to settlers, and others to be sold for the benefit of the proprietors. The cause depends, mainly, on the validity of this act. It is contended to be a violation of that part of the Constitution of the United States, which forbids a State to pass any law impairing the obligation of contracts.
Source: Wikisource

Portrait of John Marshall John Marshall Owings v. Speed — Opinion of the Court

Both Governments could not be understood to exist at the same time. The new Government did not commence until the old Government expired. It is apparent that the Government did not commence on the Constitution being ratified by the ninth State; for these ratifications were to be reported to Congress, whose continuing existence was recognised by the Convention, and who were requested to continue to exercise their powers for the purpose of bringing the new government into operation.
Source: Wikisource

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