, 1875-08-10

"'o "A" "AnEhe4 ~ tuAk e1ll. III Ln9 Re!cCtlCr
Of means for legitimate md, where eacl
was appropriate and ailapted 10 that end
Congress was its own Judge. Congress, AM,
not tho Court, wns 10 decide tile necessity fpr
| my Congressional enactment. The necessity
existing, and thu means leinH appropriate to
legitimate end, ard not prohibited by tho
Constitution, the Court held tho enactment
Wild.
Mr. Justice BnAnIE1, whose vote turned
the scale in favor Of the legality of tho ten
der nets, used this language:
1t follows ~ smother roronry from tho vewr which
I hsyo e1rse,scd that thu Tawcr to make Treasury
notcA egsl-tcnAcr, whilst n,erA Incidental to
that Of tsn!nG thu Eotea then,selYea and ono Of tbs
iormt II borrowing mta,ey. ID nevertheless pover
MT ko It rf'td to except extraordinary and PRESS
ng occlstpns, such nthtr public ert,,er,-
a artnt orary ami inortuee: md should b. ta
eatr continued thai, all ths etrcstdness of tht cass
Gtmdnd.
Tho legality Of tho Legnl-Tentlcr acts,
therefore, rosted upon the graat md over
whcln'ing necessity created by the War OF
obtaining money to support armies md na.
vles and maintnin tho national existence
agninst tho destruction by which it was men,
aced. Even then the acts wore held to 10
valid by tho mere Incident Of the resignation
Of 1n.1go Ga1ER- IInd he not resigned, tho
decision could not hayo been obtained from
the Court. In the light Of nil the facts at
tending that decision, and OF the grounds Of
the decision itkelf, Is there any person who
believes that the Court would sustain the en-
actn,ent Of law directing a now issue Of
Eron Laval ~.
Ut peace, with tho national credit fnly re-
stored; with the Government in daily ex-
change of bouls bearing reduced rate Of In
tcrest for others bearing the rates demanded
III time of war with an army reduced to n
peace standard and a navy practically dis
banded with production a1ld commerce ill.,
creased and the Government in the receipt Of
an anu1,al surplus of reyenuo?
Should the Democratic party now obtain
tho control Of tho Government, aud should
It, M proposed in Ohio. abolish the National
banks and issue four to nix hundred addition
nj millions Of scrip and make them legal
tenders, who is thuro TINT believes the Sr-
preme Court would suHtnin such acton day
Nor do tho Democrats believe the Court will
do 30. But, having abolished tho Nntional
Tanks, md having Ind the grccnbacks dc
elared to bc no longer legh.teudsrs, ihey will
havo crca.cd q necessity for the restoration OF
the old State bank systems, where encll State
will havo different system. Then tho coun~
try will have n heterogeneous currency, aud
tho notes of no bank will be current at par
ltN miles from the placs Of issue, when
man travelling will hayo to exchange hin Lnnk-
notes. at shave, for tho notcs of tho Stnte
in which he happens to find himself. Then
the nge Of wildcat, red.dog, and bluc-rup
currency will bs restored tho business OF
counterfeiting will be revived in ali its former
glory and every brokers' Office in tho la,sd
will beconle place for the sa1o Of uncurrcnt
bank.uotes. To this State-bank system the
state-sovereignty party is seeking to return,
and their steps to that end arc /, abolition
Of tho National Banks 2, q new iasuo of le-
gal-tondora to be declared void, mud then q
baaE chartered by State in every vi1laso in
the lnnd to spow out shinplaaters to DO coun-
tnrftftct1