William Graham Sumner

“ In December following, the case of the Commonwealth against Morrison came on before the Court of Appeals of Kentucky. [5] Judge Rowan delivered a long opinion on the tax of the Bank of the United States. If the States cannot tax any such institution doing business within their borders, they are petty and insignificant. Banks are not necessary to collect the revenue. "Their location in a State is as if done by a foreign nation." The taxing power is concurrent; neither federal nor State government should interfere each with the other. ”

“ It hardly appears, however, that the first outburst of hostility against it was on account of any contraction, or disciplinary action which it exercised; but rather due to a jealousy of it as a foreign institution, present in some of the States, perhaps against their will; possessed of privileges; paying no taxes, and holding the attitude of a school-master. ”