1From Alexander Hamilton to Archibald Gracie, [23 March 1804] (Hamilton Papers)
I have perused the Bill & am of opinion that the prohibition will extend only to Associations or Companies of which the primary and essential purpose or end is, to issue notes make discounts &c, in other words, to operate as a Bank, and not to Commercial companies which may incidentally transact such business. Yet there is some degree of Ambiguity on the subject and questions may arise. The...