The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1876-05-13
OUR NATIONAL FINANCES.
BY HON. JOHN NAGwIRE.
Continued from our lAst.l

NAuliAlttutd lNul our tast-l
In the face Of these notorious facts it is
coutended that the indefinite words 'to
com money implies that it should be
cined from gold, although the word gold
does not appear.
We viii nov turn back to the Constitu-
rlon itself. and inquire what were the pow
SIS granted IN regard 70 making money
The States possessed the absolute right TO
Jake money, and each OF the States exer-
i5ed that right. and made money Of
-.ous materials, by fixing the token
thereto by Law before they made the Con
.titution.
The general government, in the Consti-
-utiou. obtained full power to make money.
previously owned by the individual States.
ana can therefore, by force Of tile grant If
nothing case, com money out Of any ma
terra. II chos-s, - make it BY another
method
But the grant gave no powtr to Congress
that authorized that body To make money
Tot amy other purpose, as SAID before, than
IA. supply the National Treasury with the
mount needed III meet appropriations,
Ll Congress Is especially restricted IN the
mount needed.
rs supply the treasury with sufficient
4uunt Of legal tender blanks. in order
.aat, when demands are proved up against
tnc government, the secretary N proper
officer may atix the seal, the stamp, or
token Of the sovereign upon it and tender
the same To the claimant, is a part If the
machinery Of the governments and
federal.
NE State legislatures furnish the local
bI.tL
.ns. When the courts Ell r a judgment.
ue party IN whose favor the Judgment
Is recorded, Is entitled to and receives a
variant or execution, with the seal Of the
sovereign State upon it, and BY authority
q that seal, he can command the proper
.thcer 70 seize The property Of the de-
Cudaut nj the execution, and have the
possession Of the same transferred TO the
plaintiff IN the execution, or to some one
Whe viii satisfy the demand, and ID exc
cute and delivered TO the plaintiff deed
for the property. This practice is going
on III thousands Of cases every day all over
the land, and the title Of property is trans
ferred by virtue Of the seal Of the sovereign
State, upon paper without using the mon
ey token Of the general government.
Now the practice Of the general govern
mynt must be in harmony with that Of the
States, from which the federal government
derived its power.
When a demand has been proved up
4inst the general government, it is in the
.ture 81 a judgment and the claimant il
TITLED to his execution, legal tender or
oxen Of the sovereign.
The Judgment Of State Court and a de- |
uand against the general government. |
shich has passed through the various |
auditing bureaus, becomes judgement Dot |
essentially differing from the judgement Of /
the State Court The execution. legal /
tender or money token, issued by the /
Secretary Of the Treasury on judgment /
against the government, differs from the /
execution or warrant issued by the State
authority, IN this the execution issued by 1
authority II Stale, is limited in jurisdiction |
and IN duration-it has power to transfer
the title Of the property Of the defendant
IN the execution, but none othar. The
execution or legal tender token issued by
the Secretary Of the Treasury, unlimited IN
duration and its jurisdiction Is co-exten-
sive with that Of the sovereign whose i'm
press OF token 1t bears moreover. the
token OF the supreme sovereign possesses
Judgment Of the inferior authority and
power to eXtinguished all demands and OBJ
legations for payment within the realm.
that Is 70 say, wherever there is a demand
proved up or contract agreed upon judg-
.nent or taxes, tender Of the token issued
y authority Of luw of Congress viii ex-
nguish the demand, whether the claimant
'cepts 1t or not.
Now, the value that persons not parties
Judgment contrac. or obligation for
ayment, may put upon token, Is ques-
non that has nothing to do with the power
Of the token of sovereignty The token Of
sovereign power, whilst III possesses power
to transfer the title Of commercial commo-
dities, Is not a commodity. 1t is not
founded upon any commercial commodity.
it Is not redeemable III comodities, nor ia il
founded on the property and wealth Of the
nation nor can the government take the
of the individual citizen and ex
{ auge it for the token nor is it founded
the honor, integrity and good faith of
3 nation. Honor, integrity and good
h are very pleasant phrases used in
Ting and speaking but outside the
tatute book there is no such thing. This
assertion is founded upon the fact that
here does not exist any exterior Wis
BILE tribunal that claims to possess power
u authority to decide questions Of honor.
integrity and good faith and of course no
UGH tribunal is recognized. If public
onion is invoked, nothing thereby can be
termined with certainty, because public
Union to-day may not be public opinion
, morrow.
Now, this brings us to the question If
Of sovereign power is not como
lity, 10 mo- founded on commodity, is not
deeniable IN, acommodity, Is not founded
oon the propArty or wealth Of the I
Ition, non ths honor, integrity and {
God faith Of tie nation, then it
~iucumbent uponthe party who makes q
token of the Aossreign issued t