Page "First Bank of the United States" Paragraph 23

* What the government could do for a person ( incorporate ), it could not refuse to do for an " artificial person ", a business.

And the Bank of the United States, being privately owned and not a government agency, was a business.

" Thus ... unquestionably incident to sovereign power to erect corporations to that of the United States, in relation to the objects entrusted to the management of the government.