state governments In 1816, Congress chartered the Second Bank of the United States In 1818, the Maryland state legislature levied a tax requiring all banks not chartered by Maryland to buy stamped paper from the state on which the Second Bank’s notes were to be issued, pay $15,000 a year, or go out of business James McCulloch, the head cashier of the Baltimore branch of the Bank of U.S refused to pay the tax and Maryland brought suit against him McCulloch lost in MD state court and appealed…
Words 1306 - Pages 6