He held that a term may only be implied or read into the charter where it is necessary for the business efficacy of the contract, and that was not the case here.

法官认为，这一提案款仅仅是默示或被理解为这是合约的一部份，但是与本案无关。

youdao

During his second term, he vetoed the renewal of the charter for the independent Second Bank of the United States, a private institution that kept the federal government's deposits interest-free, and issued uniform paper currency.

ECONOMIST: American democracy