After the Second Bank of the United States began calling in loans - TopicsExpress

After the Second Bank of the United States began calling in loans owned by the states, Maryland passed a law taxing out-of-state banks. The federal bank refused to pay, so the state sued its Baltimore cashier. The court ruled that the federal government had the right to establish the bank even though it was not expressly enumerated in the Constitution and also noted that since "the power to tax was the power to destroy," Maryland could not tax the bank without destroying federal sovereignty This Supreme Court Decision was known as:

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