The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-10-25
N. c.. OCTOBER 25, 1892.

assumed by this bill, have not in my
opinion been delegated to the United
States by the Constitution.
His last objection to the bank is as
follows: TO communicate to them
(the lncorporators) power to maked
laws paramount to the laws Of the
States, for 80 they must be construed,
to protect the institution from the CON
troll of the State legislatures
He then quotes Art. 10, of the Con
stitution, saying: Il consider the
foundation of the Constitution as laid
on this ground, thus: The powers not
delegated to the United States by the
Constitution nor prohibited by it to
the States, are reserved to the States
respectively or to the people"
From the foregoing, two general
propositions are made very clear:
FIRST, that Congress was delegated
with power to regulate commerce
among the several States and was in
structed to 80 regulate, THAT no
preference shall be given by any regu-
latiOn of commerce or revenue to the
ports of one State over another. Sec
ond, that Congress was delegated with
exclusive power to coin money and
regulate it's value, and so careful were
bA1O PCOpAO VI ILAGIG pOWCA bACbu 1IACy PRIV
hibited the States from exercising it,
and instructed Congress to provide for
the punishment of any one who inter
ferred with the exclusive power of
Congress in this matter.
Our fOrefathers proclaim in the Dec
latidn of independence that govern
ments are instituted among men to
secure the rights of "life, liberty and
pursuit Of happiness. Hence the
power to regulate commerce and coin
money as a function of government
must be viewed from that standpoint
The trainers of our Constitution also
| wisely set out IN the caption to that
ins rument the reasons and purposes
for which the Constitution was framed,
and the government organized. And
the application of the power to regu-
late commerce and coin money, must
cOmport with those reasons, and so
must every power designated IN that
Constitution Thus, when we find the
power to regulate commerce and coin
money in the Constitution we turn to
the captain and find that this power
was given "In order to form perfect
Union, establish justice, insure domes-
tic tranquility, provide fer the common
| defense, promote the general welfare.
and secure the blessings of liberty to
ourselves and our posterity.n
We hold first that the Constitution
| delegates in Congress the power to coin
money and regulate commerce and
that it nowhere authorizes Congress- to
! transfer or re delegate that power to a
! corporation, and we hold 1T to be a
| doctrine of law too old and well estab
lIshed to be disputed, that delegated
power cannot be transferred unless so
specified in the instrument eonferring
the original power
But II some persons may be so liberal
in their view of the Constitution as to
hold that Congress could transfer to
railways, banks and other corporations,
these powers, surely they will cOncede
that tt g original delegates, the people
! who are the source from which the
first power was given are not to be de-
prived of any of their rights iE the
matter, and hence it would be, the
| bOunden duty of the power to which it
was transferred to coin money and
regulate commerce according to the
spirit of the Constitution as defined in
| the caption.
! No well posted unbiased person will
certainly contend that they do. We
| believe that most people will agree
| they coin money and regul ate com
merce so as to destroy a perfect Union,
outrage justice, disrupt the general
welfare, promote domestic violence,
strikes and disturbance, and secure the
curses of slavery, oppression and peOn
| age to ourselves and our pOsterlty.
NO1U let as consult Mr.. Jefferson.
| Mr.. Jefferson how would you coin
money and regulate commerce?
First, so as to preserve inviolate
| the fundamental principle that the
people are not to be taxed but by rep
resentatives chosen Immediately by
themselves.
Second, so as to abolish monopolies
in all cases.
80 as to have a wise and frugal
government, and not take from the
mouth of labor the bread it has earned. I"
$50 as to have economy in public
expense in order that labor may be
| lightly burthened."
So as to encourage agriculture and
commerce as its handmade. !"
To day every principle of the Consti
tuition Is being outraged and the teach
ings Of Jefferson are being ignored in
these matters. New York and a few
ports where the corporations have CEN
/ GeFeu, are U0luS te9uleQ WIFI W6dlbn
through the regulation of commerce
and the revenues and the people and
many other ports are being robbed
under the influence of corporate regu
lation of commerce, taxation and
| finances,
| The government function to coin
money should be exercised so as to
coin what money the people need to
| transact fho h11einacS Of the pp0Dla and
put that money in the channels OF
trade in some just equitable way which
admits of no partiality or monopoly
Put the government in charge of the
transportation and let it take the