Dr. Vieira is a lawyer. He holds an A.B. degree from Harvard College, an A.M. and
Ph.D. from the Harvard Graduate School of Arts and Sciences, and a J.D. from Harvard LawSchool.
Pieces of Eight
is an invaluable and truly monumental guide to the monetary history of the U.S. from a constitutional perspective. It is, unfortunately, out of print and not widelyavailable. Dr. Vieira brings to bear his detailed knowledge of court cases, reviews and analyzesrelevant laws, applies principles of constitutional interpretation, and extracts important debatesfrom congressional records in order to illuminate monetary history.Campbell is also mentioned in Jim Powell’s readable article
The U.S. Constitution and Money Part 10:The Gold Seizure: Court Cases
by Michael S. Rozeff This is Part 10 of a series that summarizes Edwin Vieira Jr.’s two-volume work
Pieces of Eight The Monetary Powers and Disabilities of the United States Constitution
(2002) in its secondrevised edition. Here we examine court cases related to the gold seizure, of which there are
amazingly few. The corresponding pages in Volume 2 are pp. 1027-1046, pp. 1127-1212, and pp.1233-1240. All references to Vieira appear in parentheses.
The Campbell Cases
Vieira leads off by informing us (p. 1027):“In light of all this unprecedented – and wildly unconstitutional – activity by the Presidentand Congress, directly affecting tens or even hundreds of thousands of American acrossthe country, the subsequent dearth of judicial decisions on the subject stands out starkly.Essentially, only a
case (under three styles) addressed in detail theunconstitutionality of the gold seizure, a case heard by a lone United States District CourtJudge whose constitutional holdings neither a Court of Appeals nor the Supreme Courtever bothered to review: the
cases.”There are three references:
Campbell v. Chase National Bank of the City of New York, Campbell v. Medalie,
United States v. Campbell
magazine, dated October 9, 1933. The
facts of the case are straightforward. Frederick Barber Campbell was an elderly Manhattanattorney who “had deposited gold bullion with the Chase National Bank for safekeeping under contracts of bailment” on October 11, 1932 and January 25, 1933. Bailment means that heretained all title and interest in the gold and that the bank merely stored it and kept it insafekeeping for him. The bank could not lend the gold. It had to be available at all times for withdrawal.