Columbia Democrat and Bloomsburg general advertiser. [volume] (Bloomsburg, Pa.) 1850-1866, 1862-02-22

ted. IL mas no original powers lts po"eEs
areall delegated, and delegated by the
terms of the Constitution itself. repudi-
ate the idea that all the sovereign power
which rightfelly resides in the nation
must necessarily find expression in any
department of the Governme whether
it be national or State. / stand upon the
provision of the Constitution, that all pow.
or which is not delegated to the Federal
Government is reserved from it and that
all power which is not delegated to it, and
theeeby reserved from it, resides either in
the States or the people. There are
many powers which are denied by the
Constitution to the States, and yet not de-
legated to the General Government, They
ind their proper repository in the people.
would call the attention Of the gente-
man, in this conn ection, and in reference
to the argument which he has made, to
the fact that under the Articles of Confed.
Grafton the Government of the United
SbdbCS udu IuC pOWCl W ldlsC alHlSoy w
provide navy, to borrow money, and to
emit bills of credit upon the faith OF the
United States And yes the statesman Of
that day never, even in all the distress and
pressure of the financial difficulties of the
Revolution, supposed that they possessed
any such power as this. They desired that
the bills emitted by the Government should
be legal tender, ondthey passed resolu
tions that they ought to be so considered
but they never deemed that they had the
power to make them such, or sought to
exercise Is.
Judge Story says:
"Other emissions were Subsequently
made. The depreciation was natural ,and
indeed necessary consequence Of the fact
: that there was no fluid to redeem them.-
= Congress endeavorcd to give them addi-
$ tional credit by declaring that they ought
to be tender in payment of all private
and public debts, and that refusal to re-
oeive the lender ought to be an eZtinguish
r ment Of the debt, and recommending the
: States to pass such tender laws. They
went even further, and thought pNoper tc
- declare that whoever should refuse to re
ceSUc this paper IN exchange for nay prop,
G erig, as gold anil silOer, ShouH be deemeo
t an enemy Of the liberties Of these Ue!tec
Z S.Gtes. This course of violence and ter
), ror, so far from aiding the circulation o
the paper, led on to still further deprecia
tiou. New issues continued to be made
J until, in September, 1873, the whole ennis
b sion exceeded one hundred and sixty mill
Y lions Of dollars. "--2 Commentaries on, Mt
q Constitution, sec. 1859,
:. 1t seems that in those days they indul
# gcd in the same hallucinations to wbicl
a some gentlemen upon this loor, and man,
\ financiors in the country, seem even yet t
e be subject that paper money system i
- the best that can be devised. So though
these gentlemen of the Continental Con
10 gress, as they were indulging in all tt
. luxury of $500, ,OOO, 600 of paper money.
= "TAcy Indignantly repelled the idea, i
o circular address, that there could be aR
l. violation of the public faith pledged 70
y, their retention, or that there did not ez
" iat ample funds to redeem them. The
ot INDUCED in still more extraordinary delu
1T sions, and yentured to recommend pape
money as Of peculiar value. Let it b
10 remembered, said they, that paper nor
III ey is the only kind OF money which canno
c. make to Itself wings and fly away
al SO,y on Const5twflon, sec. 1859.
d. When I come to examine the powers
in Congress, according to the principles Off
ID terpretation to which have said adhol
p I look to the grants of the Constitutions
no | find no grart of this power in dire
er terms, or, as think, by fair implication
ar 1t is not an accidental omission; it is II
he an omission through inadyertency itw
i Intentionally left out of the ConstitutiO
10 because it was designed that the pow
,- should not reside in the Federal Cover
l. ment
nv Prior to the adoption of the Constitatic
,at the States had nearly all--pcrhaps all
yo emitted paper money, and had made it
or legal tender in the payment Of debts
sh was designed origionly to forbid to Il
States the xorciso Of that power, and
~ delegate the Federal Government; an
bo accordingly, the first draft Of the Const
,or tuition reported by the committee of revi
ion contained a clause prohibiting the po'
N. cr to the States, and another clause graz
,,t ing to the Federal Government the rig
- "to borrow money and emit bills on t
ioh credit of the United States" When tn
ion clause came up for discussion, as it a
ts pears from page l34S of tho third voluI
lea OF the Madison Papers"
tho "Mr. Gouverueur Morris moved 70 stri
w out 'and emit bills on the credit Of
MS ITnitpd States He said if the Unit