New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-10-05

nsccs in the Constitution as Is elsew here in some
what different senses. Here however. 1t means in my
Judgment metallic money gold, silver. and copper or
the metals used for 0Oin and nothing The phrase
coming cannot without violence be applied to the issue
paper money. To coin money in to make stamp and
issue coins o. money. Coins are pieces OF metal OF
particular weight and standard. and to which par
ticular value Is given In account ard payment The
clause which follsws TO regulate the value thereof
Of the coin thus issued the money cOined and THAT
this strictly metallic money appears from the w1ras
immediately following and Of foreign coin In, dne
design confer upon Congress the power To regu
ate ths vnue Of domestic and foreign ooS ana az inc
domestic money, whose regulation is thus conferred
spcn Congress tie money whose ~ r
resistbls that this money Is simply domestic CON or
metallic money. The clause confcis upon Congress al,
eOute and exclusive power the circulating con OF
the country domestic and foreign by regulating lle
standard and coinage OF the former and the aue al ao
count 81 the latter. ..c
The second subdivision OF the section OF the Con-
s,uion authorizes Congress to borrow none! .. NV
credit Of the United States. Here the meaning 81 W"
word money" is necessarily somrwh1, nlm@ieu';
Money" says Mr. j. Stuart MIL. IA his fiin.lr"s VI
Political Economy vol. H. book Ill. eli. WILL p y
which is so commonly understood a. the synonym 81
wealth is especially the Term IN use 10 d,h"e ~
when borrowing is spoken OF. Vine! one person Ifn.s
70 an,Lrr ms well hen he pays wages or reu' 10
another what he transfers is not he mere money but
right 10 tain yaac Of ihe produce Of Tie county 10
he selected at pleasure the lender having first bought
Ibis night By giving for II portion 81 bis capital W nav
lo really tends is So much capital the money is the
mere instrument Of transfer but the capital usually
passes from the lender 20 the receiver through the
means either Of mon.y or Of order TO receive money;
and any rate il is IN money that the capital is com
puied and estimated
Hence borrowing capital is universally called bog
rowing money. The importance q. these Ohs.II atons
and their application to the subject IN hand N be seen
IN moment. wren We advert 10 The supposed incoh-
sstenCy ia BORROWING roicy by issuing bis or noies
which are clstlycs tu circulate ara perform The fnic.
tons Of no.cy IL borrowing money On TIE credit Of
the United States II Is CL,ions!! not ony competent
hut necessary % luC obligations of sVno cert % e'i
donce OF the debt aid binding tic tied STATES 70 r. :
nayment II could lO b. cOnendei that these ohlige-
lions must be issued only II return for money received
ana not FOR capital or commodities 81 when money j.
tho reprosrutatte As the Government requires hrti-
cos 81 various ipOns, OF the services OF men i
its oxicorccs IN war AND IN 1ec' II M k' Z; n" "
coustnut, mas given. fer these Fopts IT, own oiAga
lions or evidences If Indebtedness and these "fc 'ha
and properly issued under tie rover 70 boiro" money
srcl has lcC tho ytruc ion both r1cIc ana 'h.o
rca OF every scAoo 81 ouT st9'csn NJ nac !tr,s sn'
% one would probably dispute to doctrine ~ tlh uN
Nor Is il essential 20 the e1cFcfc 4" l "'i ma VIC
contract between the Government and tie hhcei' ~
La tc roncy borrow I'd a any specific frfnfe day 81
with ntore,t This also must be- considered 10 hete
been settled b! eeHera! coz .eiI ~. &c Pr" ~ M
Goit-hLen. ION w ''.' - "a -.
OF ls.rc.nmeut itls =. yal-e IN demand ara "laoui
interest have been issGcd in payment f. Iolri! "a
services These ilis % Noes ave NANi "ei, D"H u.
fbe 9atc u tie Cc1sfUtI ara or euuDltd ~ r. o.
bill, u ~ DE-" Their fnc - forbidden u the Hl''H
Cost. an sec ~. il . not nuiaor I'D by the 1r
yal Gotcrruenl except BY tAo geae. authority g. Dor
ro ,,oger IN he csc n Cra.c CO.. The Sie - Mis-
forri l.f arc Ct!oi Jnsice hnshnlL sIsasinr i'1
ajoT.t! Of tnc sap ne Coat o.. tt al-,n .,
.o.rcli9t, between irdir iuels and between Govern
n oif and lnd drals FOR the ordinary pa poses 81 &c.
I ttee-h -roit case Co.. T-..co lgi TIE Bank o. ,lC
CoHrUrr, al.f VI KrrfHoty. n Pct % 3.4 iho saTf
court rs hr Jusic, Al.i 4l. v4s e-Isfssy aG iirf
,l-i m,fr itc dcliiior cf BIN - credli reu.'d ~
tsc Constitution slinuv hnl Iu.rt cxnct- IT, TO-, sie