New-York tribune., 1886-02-04
4 rLrA EY GEDRGn RANCROFE.
HIS AHGUMENr AGAINST THE LEGAL-rESDER Dr
CiSION or TuE SUPREME CoURT

MS AEGUMKNT AGAINST TftE LEGAL-rESDER DE-
CIsIoN or THE SUPREME COURT.
George Bancroft the historian. has written Il
monograph to Ice published by the Harpers to-day.
which he Plea for the Contribution. Wounded
IN the Icusc Of It's Guar ans." AMI which Is clabo-
rate argument against the decision
by supreme Court March 3 lssi IN the case OF
Jullrd vs. GrcenInan. In these words:
The power To make tho notes of the Government "a
lesaender IA payment "i private deDt. being one %!
nations. ani not expressly Withheld IRON tonefes- by
the COZ sluuou irle'tibly implied To the con
cusnn that imprcssng upon the treasury notes Of
the United ~tats tlc qIaty oi being irkal'ehdrr ia
payment Of private debts apprprntr means. con
dnciyr ant plainly adapted TO the execution oi the IN
doubted pOwc,s nf Congress-.
Mr. Bancroft traces the history OF American bills OF
credit until they were abolished 10y Mass ,chusetts aud
Connecticut; the Of the great struggle
for their suppression by the separate colonies
to The end OF 7-6; nscertans what decision on paper
money was made by the Constitutional Convention aud
accepted, one by onr by every State; examines tho
interpretation OF the Constitution by the present Court
aud asks the deirnces Of the people against the
revolution with which they are threatened"
In the first draft OF the Constitution the eighth clause
of the seventh article gave Congress power borrow
money emit bills the credit OF the United states"
Mr. Bancroft describes aud quotes from the ardeOt dc
bate winch followed upon the words and emit bills.
aud cites testimony OF theircnIe advocates and OPP
poneuts in the convention to tho effect that the omission
f these words shut and barred tho door paper
money and "crnshcd" IT, In suppJrt OF his argument
tnat all powers not expressly delegated to
Congress are reserved TO tho states, Mr..
Bancroft quotes Alexander Hamilton, Roger sherman.
Pinckncy Iredel. Chief Justices Marshall. Tancy aud
Chase Roscoe Conkng who twice declined the Office OF
Chief Justice and Senator Edmunds whose elevation to
the Supreme Bench defeated only by tho refu sal
of the Senator husef" Mr. Bancroft: thinks
occasion for an Amendment the Constitution
DIV the wrOns decision OF the Court" but that, since
truth alone the right to endure" and tho law
"kn0ws nothing OF decisions OF the Court that
he supcrior to tho Constitution" the Court from It's
allegiance to the Constitution must correct Its In
terpretation." Mr. Bancroft closes his with
plea for q currency of answering value as follows:
Iplead for the honor aud the welfare OF country
while defend the men who by their Industry MI our
land with wealth. lucnating currency bad for all
hut the speculative. wac are but handful among mill
ions. IL troubles the rich but 10 strikes
blow at the heirt aud hope and welfare OF the niDitey
more numerous class OF capitalists In United States
the p0wers body and mind. which
value II multiplied by their industry aud their
atty. speak the poor VIII" tir be benefited
by uncrruny ia the yaue Of the authorized legaen
der as by the use uo OF varying scales and
be unheoded, because after living In many
lands aud observing effect OF differing customs ana
laws | have retired from society and active iife Old
age well know has Its evils The scnses begin to fail.
Memory sometimes seeks IN vain to read It's old tablets
or cngraye on new ones. our thoughtst IL mas bren
sail, ike children. sometimes die before ns But
e,a sne % %ner hs tree OF life enjoying sweet rest with with
full content lie finds that tho odvrs which have fallen
tho eternal The experience OF many years may
add carly intuitIOus tho large inductOns OF
rcncr. and produce clearer conviction OF supr-
rior ordering OF human affairs and the oyeruling nu
ence OF geuca laws.
have written because AIN persuaded that firm and
right establishment OF the relations Of money
labor caun be secure ia republic except by Guilt
waiting the mind OF It's people and dhlsny knowledge
truth through all Its members. The honest ilu-
siOns OF many must he disprcd, aud their minds,
rdnsom-d from error. will discern the truth Paper
money corruption OF the blood. Or paper money
the dry rot, which silently and unseen consumes the
beams Oiss which support the house and It's floors.
aIn pleading the cause O Industry the cause OF labor.
the OF the poor aud yet as do not believe that
the interests of the various classes OF society necessarily
clash with each u, her. may hope that am pleading
welfare OF society," for tue rights and dulles OF
all who ia the many dverstes OF honorable occupation
contribute 10 the completeness OF n nation What
have written Is the fruit OF many hours employed IN
aiming the laws OF period of colonial lie well
Ia the study OF own Constitution and OF the cor
Responding history and affairs OF many lands. may
utter these last words OF admoDitOn as assurances OF
that love OF country OF liberty and OF truh that has
been the rule OF my lfe and still 9lows IN heart which
must 70 soon cease TO beak