Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1881-12-08
CLEAR, CONCISE AND LOGICAL.
A Few Sections From q Law Book
Written by an Eminent Jurist
and Able Writer.
Fully, Completely and Unreservedly
Supporting the Position Taken
blythe creenhacE Party
Concerning Money.
ut Is the Stamp Of the Government
and Not the intrinsic Value
OF the Material that
Makes Money"

NN~S '''S''VI'
Chicago Sentinel
In a law book published fourteen
years ago we ran across the other day
. discussion Of The powers of con.
gfess TO coin money" The title of the
book is "Tiffany on Government and
Constitutional Law" The author,
Judge Tiffany, is one of the ablest law
writers ever known in this country.
His books are quoted by judges and
lawyers in every state in the union.
The book referred TO was written
years before the Greenback party was
ever thought Of. 1t was written be-
fore the "lat lunacy" as it is sneering.
ly called by hard.moneyites, com.
menced its run. 1t cannot, then, be
said that it was written in the inter-
est Of any political party. 1t cannot
be said that the author of the work
"as troubled with tic "Greenback
craze"
We regard it as one of The clearest,
Soundcst and most logical legal argu.
ments ever made in behalf Of legal ten.
Ior ,onnr u,o,,n,,
W. p,ant 49,,
itNond rooJ II os 4homo% a,o, " I,,,s no"I
nf If wac rriniod % Il, nUisi oa,,if"i, 0'''' "0''
We want every Greenback paper in
1yo ,"ant W orr oa,1n F"ionJa ~, W .,4i.4n4o
Tim h,rd, or IVA lulo' ti,",I. r ~ puy ~ in.o n1
n,,I,lioaMs dnI I h""j ,D',n1, DoC,".9' ,o.o 5 iso
ano"ioh",, % noo NU "a tlo. iiUno! ,I lnTL' @ anu
% ~ !, w m"or i'tL,, ~ 90 my Possibly o"u
a on1 10 'o ,,,,,,o,1 ~, .mu ir,I1o pomellul, ioslc-
rn,,o m'" 'u,",'1 ai" " oi"Jio q" HulneilvS II,
t"n1a,. W. l .,o HlVeiiT"oN @ ., iuca Vi icSai
Ieiiuel pa money llau mas ever Deen
P"pilS'leu' 1,,lS ,,
nc quoIaIlon Wiilch we puOllsh
commences WIN section 4OO, and ends
WIN section d0" IL Is as follows:
pELI'oM 4VO. 10 com money and
pSuieVs Us '"iGe as ah act OF cover
elShty involves Iile tl8nt 10 determine
WhaC Sllall De received ana taken as
money "I WhaI measure ana price IL
snail De taken, and what Shall be Its
eIlec'S wich passed or rendered IN
payment or satisfaction OF legal oDll-
SaVlohS-lho acV OF coming money
CONSISTS IN ailXlng to tlat which is TO
constitute money, lhe stamp or seal OF
sovereign authority by winch IL may be
recognized OF known IN market as au.
tlorltatlYely ohtiIIed 10 be received at
tlie price OF value stamped thereon,
ihe authority Wllich come OF stamps
itseli upon the arIlcle, can select what
substance 1t deems suitable to receive
the stamp and pass 1t rs money: and
IL can alliX Wlat value IL ueeinS prop
er' independent Oh Ihe intrinsic value
m ...'...-..',., H. T..
III, Inc currency 1 N"Lue 10 II tlo SI".hl
Will Will ''Seo go li'T'icy' "'u my III t,l'
NC. n'os"i Vi ili"tIii"l lnueIenusl' Vi lilt
niit.. a."ip' n' ~ o'iict Molus, !lie lilohel
,y o,,ty,m4 30 '"o ~ S"'Hoiiyy "I,Ioli . li"heE a
no,1iisI nriiGt' H. '',u St,e' ~ pIMI- " "c
oonniii9't niaI . 'li0 Pui posc lol "ntcn IL WA va
coin or stamn n'onoy and pJ' ronmIaio II,
value include, tbs whole mower ,,i NJ
soyereianty in resnoct +, nrrroncy r II
;ncIndns ibo antboritv ~ soIocf III,
snhstanco m t0 reooiva tIo in,nrosoio, I M ~
drtar,minr ,,hnt irnnro,s;nn sham h,
stnnnod thoro",, ,ohat sha,l La n,
nIlirc ns a mediun, or eycl,anga NJ
What rrico II shaII ho roooiyed onf n
what sholI he thn nonaltv to he inGict
cd for discrn1itinr cnmntnrfeiting n,
in ann mnnner infnrfaring with ifa Ia
Eal and authoritative vnl9e Rncors,
cold and silver have usually heen 60
iectod no Tho hoeis of currencv th,
nonuIor idoa % yatuo ottacho. 70 tI,
metal rather thon fo thn rovol or sov
oreign amlboritv etamnod mon If. IN,
U,Li1o thov rooorri,n tLo aMfhoritv w., ~
the government 10 chan~a tho reIation
Lot,Toon tho irfyinsic Tolno Of th
coin tbav aro Cow, r. urJerstond tha
syrb rnl9tion orhitrarv ond dc
monIs soIoIy nro,, tho viii of t,,o sovo,
oign % ''''' '''' " ~ " '''' NV "
s., ~, D.,,,. .,..,
HEcli'N az; ny hevPLlis cohsVall'l
VI iiiill. ',.',. ,'l"v 'lte gu"'ivy ~ lioney
leS%i ct'lren,y Co,islS'o ,I III VIC c.ls'alll s
Gu auV,oliVy vi VIe soyeihliieliI uPo
t,laC Willcn is uSeu aS SUCH anu Una
tlle aItloiiVy 70 com money, anu am
It's Value' Involves Ihe Wnole power Q
sovereignty over Vhe SuDJecI Vi less
currency 70 @ selec' wlitv s substance,
a,llA , Mn"t vs., stamp, olualh @ wilaV value, =,
Pleases Wllo'e law upon Vlle SUI
JecC Oh money ''s d currently anu a., as
Goou,y pt soJ UeJ'eo tho IUio,es,U iomnI oiit
money with the commercial value c
that which is used to receive the royi
impression, begets infinite difficult,
because there is no necessary relatio
between the two. Government, lik
the Spartan law-giver, may put il
stamp upon leather, and make that GU
rency; and 50 long as it can proyid
against the counterfeting Of the sam
and thus can regulate the quantity
use, it can give its stamp upon leatht
the same money value as if put upo
gold or silver, or any other substanc
Thus, government may put its royal
sovereign stamp upon paper, aiiixir
its money value, and if it limit IL
quantity and provide fully against IL
dounterfeiting of 1t, it will have IL
=, =, ,,,,,.,o,,-, ~, ,,oI,,o oo ,,oIl ~, ..I,,