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There is a clear distinction between the power of the Congress to control or interdict the contracts of private parties when they interfere with the exercise of its constitutional authority and the power of the Congress to alter or repudiate the substance of its own engagements when it has borrowed money under the authority which the Constitution confers.  >>more...>>

Title:     Perry v. United States, 294 U.S. 330 (1935)
Author:    Hughes, Charles
Publication:     United States Supreme Court
Date:     February 18, 1935

Type:     Court Decision

Listed Under:
Supreme Court Decisions

Notes:     294 U.S. 330 (1935) Argued on Jan. 10, 11, 1935. Decided on Feb. 18, 1935.