Bane of United States v. Frederickson

2 F. Cas. 744, 1821 U.S. App. LEXIS 253

Opinion

THE COURT.

The law upon which the motion is founded is equivalent to a discharge of the debt, and to say the least of it, impairs the obligation of contracts, contrary to the decision of this court in Golden v. Prince, [Case No. 5,509,] and Sturges v. Crowninshield, [4 Wheat. (17 U. S.) 122.] If the legislature can constitutionally take away a creditor’s remedy for seven years, they can for seventy; in either case the law impairs the obligation of contracts—they differ only in degree.