States not to coin money.
115. A State shall not coin money460, nor make anything but gold and silver coin a legal tender461 in payment of debts.
UNITED STATES.—No State shall … coin money; … make anything but gold and silver coin a tender in payment of debts.—Art. I., sec. x., sub-s. 1.HISTORICAL NOTE.—The clause in the Commonwealth Bill of 1891 was in identical words—with the exception of “or” for “nor.” At the Adelaide session, 1897, it was introduced and passed as it now stands. (Conv. Deb., Adel., p. 1204.) At the Melbourne session, a suggestion by the Legislative Council of Tasmania, to insert after “money” the words “unless the Parliament otherwise provides” was negatived. A suggestion by the Legislative Assembly of New South Wales, to omit the provision as to legal tender, and insert “unless the Parliament otherwise determines,” was also negatived. (Conv. Deb., Melb., pp. 653-4.)