Was going to be used to ild roads and canals, but Pres Madison vetoed it because he thought these were issues for the states to deal with and not the federal government.
( In a nutshell )
kapm
Meant to direct profit to the second nation bank.
The author of the Bonus Bill was John C. Calhoun. The bill was written in the year of 1817. The bill did not pass.
James Madison vetoed the Bonus Bill of 1817 because he believed it was unconstitutional. However, he approved of the intent of the bill which was to make it easier to settle the western lands. The bill provided for funding of a federal highway to the West .
yummy'
James Madison vetoed the Bonus Bill because he, like Jefferson, found "internal improvements" to be unconstitutional despite how benevolent it would be. He found the right to create canals and roads to be held by the states alone according to his constitutional interpretation. The republican interpretation of the constitution back then was strict and not open to many (if any) implications
The US didn't print $1 bills in 1817. Please check your bill again and post a new, separate question with more information that might help to identify it. If your bill has the name of a private bank on it, include that name.
They were nicknamed The Bonus Army
James Madison
Bad economics for the country.
John C. Calhoun
No, there is no silver in a 1817 US penny.
The Bonus Bill
No US quarters were minted in 1817.