N. H. ay. Mas. ay. Ct ay. Pa ay. Del. ay. Md ay. Va ay. N. C. no. S. C. no. Geo. no.
Sec. 5. of art: XI. was agreed to nem: con. [43]
[ [43] The vote on this section as stated in the printed Journal is not unanimous: the statement here is probably the right one.–Madison's Note.
Art: XII being taken up.
Mr Wilson & Mr Sherman moved to insert after the words "coin money" the words "nor emit bills of credit, nor make any thing but gold & silver coin a tender in payment of debts" making these prohibitions absolute, instead of making the measures allowable (as in the XIII art:) with the consent of the Legislature of the U. S.
Mr Ghorum thought the purpose would be as well secured by the provisions of art: XIII which makes the consent of the Genl Legislature necessary, and that in that mode no opposition would be excited; whereas an absolute prohibition of paper money would rouse the most desperate opposition from its partizans.
Mr Sherman thought this a favorable crisis for crushing paper money. If the consent of the Legislature could authorize emissions of it, the friends of paper money would make every exertion to get into the Legislature in order to license it.
The question being divided; on the 1st part–"nor emit bills of credit" N. H. ay. Mas. ay. Ct ay. Pa ay. Del. ay. Md divd. Va no. N. C. ay. S. C. ay. Geo. ay.
The remaining part of Mr Wilson's & Sherman's motion was agreed to nem: con:
Mr King moved to add, in the words used in the Ordinance of Congr establishing new States, a prohibition on the States to interfere in private contracts.