The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1873-08-31


eminent, There was no Express power In
the Constitution authorizing Congress to
grant such a charter, but that power was
claimed by the money party under tne I
clause which gives Congress the power 70 I
make all laws which shall be necessary ana
proper" for carrying the expressly granted
bowers into execution. Washington re- '
auired the opinions in writing of his two
leading Cabinet officers, Hamilton and JET
ferson. They differed widely, and the sop
signed the bill, with reluctance, indeed,
but be signed it, and the "money power"
gained its first triumph. 1t was subse-
quent!y checkedin its aggressions by the
election of Jefferson, but the check was
only temporary. 1t then swept on
Like to the Pontic sea
Whose lev current and compulsive course
Meier knows retiring ebb. but keeps due on
It is tue nature of usurpation to be pro-
pressive, and one triumph of the money
power was speedily followed by ANOTHER.
It took advantage of the "era good feel
ing" among parties which followed the war
of 1912, and bill was subsequently intro
duced in Congress to establish another
bank and, strange to say, even Mt. Madi- |
son, who opposed the former bill as uncon-
corporation of this bank, tho next step of
the money power was toward tariff. And
here we have an illustration of the apoth
egm that "history repeats ITSELF" The
duties imposed for the purpose of carrying
on the wax with Great Britain were heavy
and excessive, and the agricultural inter
ests of the country required that they
should be at once reduced as soon as the
occasion which made them necessary had
passed. As was the case immediately after
our civil war, tho money power concluded
that it could not directly prevent the re-
dnction, and it accordingly made every Of
fort to postpone it and prevent it by lndi-
rection. Manu- facturers asked for time to
put in force equal skill with foreign manu-
Factories, that they might be able to COM
pete with them. The plan was success
full and the tariff bin of 1916 was passed.
Thus began the protective tariff ss stem.
The money power of Pennsylvania had coal
and iron interests which they also wanted
protected. Accordingly the tariff Of 1924
was imposed, increasing the duties on i'm
in 1928, known as "the bill of abomna-
TONS" The agricultural districts of the
South were OF course outraged at this op-
pressive legislation, inspired and effected
by the money power, and South Carolina
resorted to notification. Jackson crushed
another indirect triumph of the money
power. Then came the compromise tariff
bill of 1888, which was another temporary
check to the money power, but it had al
ready gained much, and could afford tc
stand still for o period.
the war gave "the money power" victory
on victory. Tariff, taxes, public debt
bonds, ndholders-contracts and the
vermin of oontracts! The farmer knows
now that he has to pay twice the amount
for plough, or spade. or an AK, or g
the tariff reduced to a strictly revenue
basis. The excess, of course, goes into the
pocket of the New England manufacturer
1t is absurd to claim that the Constitutio,
authorizes tariff for protection-a system
of robbery which makes the rich richer ant
the poor poorer. Bat what does the none.
power care for constitutions
In giving an explanation Of the fact tia
our agricultural interests have been mad
to bear the burdens and the ills of govern
ment Mr.. Hill properly says that it is be
cause the merchant and the manufacture
take q direct and personal interest in legis
lation, and make it their business to stud
to understand and to shape and direct it
course. The farmer look to Providenc
for rain and sunshine to produce his crops
and when the rain comes be is content
while the trader looks to Congrass for law
TO make his profits, and in some form o
other be is sure to get the laws and real
the profits. This is par ticularly true sine
the war, for with the war came corruption
and speculations, and shrewd men found
easier to buy up Congress and make it
members legislate money into their pocket
than to till the soil or follow other homes
callings.
Mr.. Hill asserts that large majority o
the planters Of Georgia will be poorer vi
the last day of December next than the.
were on the first day January last. Th
profile of the present crop of cotton will b.
resPed, he says, but not by the planters
Wall street will get millions; the manu-
facturers of New England will get millions
the corn-raisers and hay -growers of the
West will get millions the lien merchant
and cotton brokers will get other millions
In other words, those who produce the
cotton will grow poorer and those who
handle it after it is produced will grow
richer. without great change" said he
''tbe Southern States are destined to be
come 80 many plantations practically own.
ed by the Northern people, and Southern
people 60 many hireting slaves to work
fhem-tbe poorest, the most pOwerless and
the most contemplate Of earth's iphabi.
taDts!n5s This is bold and painful pro
phecX' hut 1t must be admitted that there
- 1s ~ UGH "a sustain it. The remedy he
RSye 10 go .'aoi
L~tt,i fFHl1s.asy