Losana Corp. v. Porterfield

Three questions are urged by Losana. They are quoted from Losana’s brief as follows:

Question No. 1:

“The Congress of the United States has the exclusive power to coin money or any other medium of exchange and to regulate the value thereof, and the separate states are precluded from exercising dominion thereover.”

Section 8 of Article I of the Constitution of the United States, relative to the coinage of money, states:

“The Congress shall have power * * *

( ( # * #

“To coin money, regulate the value thereof * *

No one claims, nor can it be contended, that there is any reference directly or…