The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1891-08-05

excite the enmity or aniinosity of this lordy man.
ager? He could grade your cotton and corn down
to nothing; could give 1t such quality as would
prevent It from being sold, If you should make him
mad. Where would you be then, with your ware
house receipt in your pocketf
As to the warehouse receipt can take that receipt
and by writing my name across 1t pass 1t to some
body else who can pass it to somebody ese and the
| first thing you know, away 1t has gone.
| voice-Hit him againl
Section was then discussed as to the payment, etc.
"How paid? Not in treasury notes, as my friend has
suggested in his discussion Of flexible currency, but
in lawful money Of the United States Talk to me
about flexible currency
FLEXIBLE MONEY TO BE DESTROYED WHEN IT 1s
| MOTT NEEDED.
What season ofthe year do we want money most? Why
It is in the spring and SUMNER but according to the
provisions Of this bill, the money goes back to the
treasurer Of the United States and is destroyed at the
very time most We need 1t.
WHEN SENATOR BUTLER WANTS TO GO TO THE AsY-
! LUM.
! The manager is made the sole judge as to the re-.
lection Of unmerchantable products. II he should
happen to take some dislike to me, carry my COT
ton there to get merchsntabe order, and he says,
aNot merchsntsble," and declines to receive 1t. /
am not quite that much OF baby to get to point
where have to 20 to Republican manager and let
him pass judgment on my business, When do DO
this want some friend to send me to the lunatfc
asylum.
The other section Of the bill WAS then discussed.
w nat ID the hpproprlhleu III
LIP 1t is appropriated TO put up warehouses; and is
appropriated to Justify this Issue OF these treasury
notes. Any lawyer who has read the Constitution
will agree with me that it Is right in the teeth OF Sec
tion IL article 9, paragraph Of the Constitution Of
the United States, which says that NO money shall
be drawn from the Treasury Of the United States
except by appropriation made by law. Yet we hear
States should issue money directly to the people.
The Constitution s In the way. There Is no execu-
tive officer under the Government, and there never
has been One who could spend one nicke OF the pub
lie money that had not been appropriated by Con-
gress.
THE sUB.TREAsURY BILL couLDENT STAND TEN
MINUTES.
How is the Secretary Of the Treasury TO issue
areasury notes to you and me and loan 1t to us eT-
cept that 1t has been provided for by appropriation
by Congress? That provision wss put IN the consi-
tuition by the wisdom, sagacity and foresight Of the
trainers Of that wonderful fabric Of government, to
protect the people who lived under It against the
corruption Of their executive officers. 1t was put
there to throw the responsibility Of every dollar ex-
representatives, where it ought to BE- That pro.
vision Of the constitution inserted to protect the
people against Just what this BILL in my Judgment
will bring about; and undertake to say that this
preme Court OF the United States That ground Of
itself would be sufficient
WHEN CONGRESS MAY APPROPRIATE MONEY.
Question by some one in the audience-Wss the
appropriation for the New Orleans Exposition made
in the appropriation bill?
New Orleans and Philadelphia expositions were
made under the sppr opriation bill do not believe
we had any authority to do It but expect that I
voted for it. Congress has no right to appropriate
money except that which Is conferred upon Congress
by the constitution Of the United States.
The secretary Of war cannot lend you cent unless
congress authorizes IT. not to lend you gun for the
same reason The secretary Of the navy cannot lend
n
this bill proposes thot the secretary OF treasury shall
lend money directly to the people at per cent.
There Is no provision by appropriation for the $780,,
100000. Itis obnoxious, and subject to the same
objection that we urge to the force BILL. The ground
urged against that was that the appropriation was
uncertain and indefinite.
THE STATE TREASURY WOULD LAST ABOUT THREE
QUARTERS OF AN HOUR.
think my friend is mistaken in another thing.
do not think that Mr. Calhoun ever contemplated the
loan Of money out Of the treasury direct to the
pie. The treasury Of the United states is not bank
Its functions are restricted 10 the custody and the dis
bursement Of the public funds and nothing else The
State treasurer occupies the relation to the State
that the Federal treasurer does to the whole people,
What would you think Of person that would 60 to
our State treasurer and II want to borrow money
at per cent, the Legislature having passed an act
authorizing the state treasurer to loan money to the
farmer, the merchant or the manufacturer at per
cent. and the losses to be made good BY taxation "
How long do you suppose that would lastf just about
.
Yet the proposition here to 60 10 the Federal treasu
| rer is parallel case to that.
OUGHT TO GIVE SPECIAL PRIVILEGES.
My friend says It is not intended to give any specia
privilege to the farmer. Then say that makes 4: de-
fectlve for 1t ought to give special privileges to the
farmers If they can get them. God knows everybody
else gets special privileges and II the bill does not
give that 1t Is net worth the paper 1t is written on
thought that was what 1t was intended for.
THREE CLASSES.
There are three classes Of people-one class that
neither borrows lends money (and they pref
ty large CLASSY and another class lends money out on
interest," (and 1t is perfectly legitimate business he
prefers TO live the interest rather than put his
money In cotton mules and there Ia reason why
he should net. Does that make him an enemy to the
country or make him any less patriot because he
loans money OF such rate OF interest as he may be
able to getO
Then there Is another class which, unfortunately
belong to-the borrowing class. Laughter.l don't
think man because he lends money at ten per cent
Ia q thief Sometimes am very much obliged to the
party for letting me have It; 1t helps me ont OF
scrape, and gladly give him the rate he charges
have seen the time that would like to have borrowed
IS.
Then you will take my class, and they are sus-
ceptble Of division into three. You will find the fel
low who II he had two thousand dollars, would
invest and make something by borrowing 1t at s. @ T.
10 Is per cent and will In due time return the
money he borrowed and the interest on the same.
There IS another fellow just honest just as truth
cent, and misfortune overtakes him. cyclone, sick
ness or something prevents his returning be as
honest the other man. but he cannot return 1t Just
that time hnt ~ he honest he will kean ham,