Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-05-23


Ia ofrrca,er Importance than simply IT,
adoption hy the supreme court. These
very principles mrs being advocated by
certain classes Ia this country. some
there arc who demand that all the land
shall be possessed, or rather held In
trust, by tho government for the
people and distributed for their good.
senator stanford has already intro
dured n bill In Cougtcss which pro-
poses TO nhlige the government after
the manner Of Augustus, % lend
mOney-noi exactly free % Interest
hut-nt two per cent for thirty Year, 10
NIL who can give security 10 double tie
amount borrowed. In the same linc
with this the Farmers alliance DE,
inands that the governmental shall buili
| granarlcs throughout the land anu
advance money upon tho iarmcfs
crops az well ~ - loan money upon
/ their land, aud upon whstover other
kind Of security mny be offered.
In these schemes there IL involved
the whole Roman system In Ito pracu-
cal workings. II these things were
/ done the government would inevitably
become possessed Of n vast amount OF
land and grain; aud with the govern
mont In possession Of such commodi'
ties and having obtained possession o.
II by such means, tho next thing, and
according 20 those principles reason.
ably enough too, would be demand
that the government should supply
gram at n favorable II not a nominal
price, to the poorer citizens. But back
OF all these enterprise, In which II IL
proposed the government shall em'
bark, there lies the important question,
Where shall the government obtain
the money to lend to all who want To
borrow, and to advance upon tue crops
Of those who want TO sell? THIS gov
eminent, IL not engaged In wars Of con-
quest M Rome was, nor has II oppOf-
unity TO become 10.
II IN proposed, indeed, hy those who
advocate the scheme, that the govern
mcnt shall ISSUE treasury notes to sup.
ply all the demands. But the more Of
such notes TINT the government Issues,
the less any Of them Will be worth. y
promise Of the government 10 pay is
worth no more than that OF a private
Individual, II II has nothing which TO
make the promise good. The govern
ment may print ON q piece Vf paper
the promise TO pay dollar or even one
thousand dollars; but the only thing
that makes that piece Of paper worth q
dollar, or whatever sum IN promised, IL
tho certainty that the government has
that sum Of real money with which 10
make the promise good. But II, with
out any such certainty, the govern
mont Issues n certain amount Of such
notes to supply the demands Of al
who want 10 borrow AMI to all who
want TO cell, ns they demand IL,
II would be but little while TIL nonu
of II was worth anything, aud those
I who invented the scheme would uls-
cDvcr this as soon ~ anybody else.
Then they would bc ready 10 demand
real money, and not mere promises u
pay.
But the government would not have
real money sufficient 10 supply the de-
, mnnd, aud oven the government eau
not make gold aud silver. What them
, oh, the monopolifts, this millionaire
, the money lenders, and the rich people
generally, have vast sums OF rra
, money. The people need money; the
government II DdrcHs Tdtri0; let thi'
father OF the people cause an oJuabl,
division among the children. win II
Z be Rail that this would be cOnlscatlon
4 and that II cannot be supposed that oul
? government would ever employ sucI
. means? IL Ia u suillcientanswer TO say
= thnt the government has already don't
= H.. Tire Elmunds law, by the dcci
= sion OF the Supreme Court Of Utah
j. did coufscato three million dollars
. worth Of property belonging % The
a MOTmons. The supreme Court OF the
. United States sustained tho decision
d aud confirmed tho Judgment.
o And at tho same time, the court an
b nounced the doctrine, that 1t Is moi
i necessary for u corporation 10 violal'
9 Its charter to justify the Legislature
i In dissolving thB corporation; but tina
e "CongEess tor good and sufficient rei
= sons Of its own independent Of tim
i llnltation and OF any violation OF It
!, has full, perfect right 10 repeal u
u charter and abrogato it's corpomto OK
istcnce, which OF course depends upon
d itscharter.o Let that doctrine be adopt
}. ed by the States m well NJ by lh'
/. United States and what corrontlo,
4 can ever count Itself secure?. All tina
Is In necessary 10 its dissolution Is that th'
It legislature may have good and sum
j. Client reasons OF its own, independent o
g limitations defined by law, to rcpea
i any charter and ahrogate the existence
. Of any corporation. And II II be pub
n lie corporation the money II Mt one
/ conflscated. by the very fact OF the dis
i solution the property Is forfeited and e.
|. cheated 10 the government as yldron
4 yasrnu. And rs this Is accomplished by
o the application Of the ancient instead o
!, the modern doctrines what is TO hindo
y the adoption and the application IKE
II wise OF the ancient doctrine In the cas-
Il OF private corporations II II SHOULD
= be, then private property rs wei
/ ~ public, would, upon tho dissolution
q OF the corporation. I've conflscated TO III,
:, government Us JDarens pdtr6. And
4 Indeed why should not the anClen
q doctrine be applied In those instance
o ns well az In the other II Roman al,
English governmental principles shal
n Ice followed In one set ofcases, why no
a In the other?
q Everybody knows that these dc
% mands from first to last are alrcad!
n being loudly made by different classel
It IN this country. so long M the Amerl
Ir can principles Of government shal
o prevail all such Wild schemes viii
rs amount 10 nothing; bullet tho Europe
}. an and the Roman principles OF gov
u ernment supplaut the American, thel
Il what Is 10 hinder tho carrying Int
II full effect every item Of the diiieren
Is schemes proposed and advocated? Thi
ID n why we say that tho Supreme Cour
II decision, under consideration, mean
At vastly more Just at this time than tn
nj mere enunclatlOn OF the prlncipl