The Richmond palladium. [volume] (Richmond, Ind.) 1855-1875, 1863-01-30

that they ought not to b at liberty 70 sinh.
stitute paper medium inoeoAd If coin."
Such was the opinion of The two Ora,
founders OF the coassitutios. (Hanil,on and
Madison J. and its 6rst judicial exposisor The
eminent Chief Justice jay. Justice Storv
quotes and approves this remarkable pss.
sage, and says. " that the prohibition was
aimed at = paper mediHm which was in-
tended to esresldse a. ssosey. and to that
alone"
! In his message OF December 3, 1916,
President Madison. referring expressly to .
Tank and paper medium. said "It is g..
sentisl that the nation should possess .
currency Of equal value. credit, and use.
wherever it may circulate. The Constitu-
tion has entrusted Congress erelssipeiy with
the power of creating and regulating q cur.
rency of that description"
This rebellion proves the awful danger of
State violations Of the Federal Constitution.
The rebellion is the child Of State usurpa-
.ion. State supremacy. State allegiance. and
State secession. And now The Government
is paraly zed, financially. in its efforts to
suppress the rebellion. by . question Is to
State banks. depreciating the currency, and
State banks based on State stocks. Tho
Government wishes currency. not redun-
dant, and to borrow money to save the
Union. But one State says, we have placed
oil our surplus money in State banks, aud
another State (as in the case Of New Yorh)
says. We have based the circulation Of these
banks. mainly on our own State bonds, and
you must do nothing " bioh will injuriously
affect their value.
1t is true the Union is in danger, but are
not the credits OF State banks and State
bonds OF higher value than the Union 3
The State 6rst. the Union af,erward Our
paramount duty is to our State. and that 10
the Union is subordinate. Why. this is the
very language of rsbellion-the echo Of
South Carolina treason. But il is not the
language Of the Constitution. which declares
that g This Consultation. and the laws Of
the United States which shall be made
in pursuance thereof and all treaties
made, or which shall be made, under The
authority Of the United States, shall be the
supreme law Of the land and the judges in
every State shall be bound thereby, any
thing in the Constitution or laws of any
State to the contrary Notwithstanding.
The supremacy. then. is with the Federal
Constitution and Jaws. otherwise there could
be no uniformity or nationality. And does
New York suppose that she can tear down
the temple Of tho Union. and that the prin-
cipal pillar which supports the arch will
stand firm aud erect? No il the Union
falls Nsw York will only be the most con-
spicuous among the broken columns.
But New York knows that the path of
interest is that Of honor and Of duty. 1t 10
the Union only that has made her great. It
is the concentration BY the Union OF inter-
state and international commerce in her
great city that was concentrating its i'm
perial destiny. Before the Union Of 1778
and 1887, New York City Was the village
Of Manhattan destroy the Union and she
will again become little more than the
village Of Manhattan. The trident of the
ocean. the soepter of the worlds commerce
woulf fall from her grasp. and London be
left without rival.
Deprive the Government of the power to
regulate commerce. aud the fall of New
York will be as rapid as her RISE Each
State then, as before the Constitution, would
control Its own commerce. and the railroads
and canals of New York would cease to be
the vehicles Of the trade Of the nation and
of the world. Each State, - under the old
Confederacy. would force commerce into her
own ports by prohibitory or discrimiu atinQ
No. when New York takes from
the Union the exclusive control of commerce.
she commits suicide.
One uniform regulation Of commerce., and
one uniform currency, are moro essential 20
she prosperity Of New York than to that of
any other State. Nav York represents in
terstate and international commerce. There
are concentrated our imports and exports.
and there three fourths OF our revenue il
collected. Tbsrc if the Union endures,
must be the center Of the commerce of the
nation and Of the world. If the rebellion
succeeds. the separation of the East and
West is just as certain - that of the North
and South. Discord would reign supreme,
and States aad parts Of States become petty
sovereignties. mere pawns, to Be moved on
the political chess boards By kings and
queens of Europe.