The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1857-11-11
AsHLANn:
wednesday, y November II, 1857
q RARE ~PRoIEor.

a Rare PROJECT.
The iocofoco papers are agitatiDg a
project by which 20 suppress all bank
bills under ten dollars. The plan is to
haveztbs general governments levy a tax
upon them. It is of no consequence
whether there be constitutional power
to do such an act or not. This is q
small matter with them, for as soon as
their party adopts anything, their Su-
premo Court ratifes it, even if they
have to overturn all past precedent to
do so.-W Wooster Republican.
EE What a strange budget of blum
ders is here.
The (" locofoco" papers, and the mass
. of the people of the whole country,
are lagitatipg projects by which to get
rid of the whole system of paper money.
As q preliminary to this, it is propc-
sed that the General Government levy
sach a tax upon all Bank notes of $50,
or at leas. $40, and under, as viii result
IN driving them from circulation.
As TO the " Constitutional power" il
cur friends of the Republican will take
the trouble to read the Constitution,
they will find that H POWER is there
beyond all question that the Federal
Government, " as written in tue bond, y
not only possesses the power "to lay
and collect taxes" &c, but that ALL
the powers relating to the currency
we're surrendered By the States to the
General Government; while, by an ex-
press provision it is declared that no
State sballn "coin money emit bills Of
credit rses-eryshtng but E09 and
silver coin a tender IN paynaent Of debts, y
&c.; and they will also fnd, by refer
ence to the opinions of MADISON, (who
has been styled the Father of the
Constitution ." as contained in the 44th
number of the Federalist," that the
express purpose of the Convention, 10
adopting the clause We have quoted,
was, to extirpateLthe Presidential eff
fsets" Of the whole system of paper mo-
ney. His argument in that celebrated
paper sgaiust Banks of issue, is irEesist-
ible and unanswerable. The framers of
the Constitution were hard money men;
they supposed that they had effectually
interdicted the nuisance Of paper mo-
ney. So far as clear, unequiyOcal and
positive language could impose the in
ferdict, itsoas imposed. The inhibition
TO the States against the emission of
paper money, is as positive as the pro-
hisition against their granting " titles
of nobility. aud is very appropriately
embraced in the same Section THE 10th
of Article IL But rapacity and "a
rice overcame all Constitutional barri-
ers, aud the States chartered Banks of
issue and as a consequence of that
great crime Gu the part of the States
. crime which blpsts with the damnirg
IN of perjury every legislator who ever
voted for a Bank charter-the whole
sountry is now plunged in the deepest
distress.
If our neighbors of the Republican
had studied the legislative history of the
Federal Government, they would have
discovered that, under the exc, else of
its taxing authority, and for the pur-
pnsa IF increasing it's revenues, it has in
-.-1-1 oknaoaz
power which the Democracy of this
Union call upon it again to exercise.
And if our Wooster neighbors will
examine the opinions of the STATESMEN
aud most distinguished j%urists of the
country, they will discover that, although
divided in opinion asgrespecis the Con
s~titutional power of Congress to charter
q National Bank, yet, there has never
been any diversity of opinion with re
pard to the fact that Banks established
by State authority, existed 10 direct vi
olation of the Constitution. Mr.. WEB
srER, although one Of the leading advc-
Gates of the re-charter of the last Uni
ted States Bank, declared, that, in the
entire history of the world, there had
not existed a despotism that had contri-
ted a scheme by which the rich mans
fields were fortified by the sweat Of the
poor mans brow SO ef~ectually as that
of paper money. Like all the States
men Of this country. he maintained that
the Federal Government had e1clusire
control wei the question of the carren-
cy, and that it was one of the powers
surrendered by the States. 1t is only
the small fry politicians of the country,
of the SALMON P. CHASE and KELLEY
and.GlDscx school, that take any other
view of the question.
CHASE &cO. TAXING VENGEANCE
Upon THE PEOPLE OF yANWERT.
Grass and Sacretarv BAKER