The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-11-05
Balance paid by the British gov

Balance paid by the British gov
eminent. Observation-Disclosures. 1915, 900
| In the United States not only is no
tax levied on the rich but often the
rich are paid their interest in advance,
even for whole year. (See conduct
of President Harrison and Secretary
| Window in c. B. NJ but civilized ma
tions tax the rich.
II an income tax were put upon all
this S2,6OoOOo,OOO of wealth, there
would no longer be a deficit of SS1, 000,-
600 in our Treasury, and the poor
would have less taxes to pay. Trade
also would be freed.
| How does the Constitution touch
these questions? Those clauses which
deal with money are: art l, Sec. g..
| Congress has power to lay and col
| elect taxes, duties, imports and ex-
'cises, to pay the debts and provide
for the common defense and general
welfare of the U. s., ETC.: To borrow
money on the credit of the u. s. To
coin money, to regulate the value
thereof, and of foreign coin, etc. To
raise end support armies, but no
appropriation of money to
that use shall be for a
longer term than two years. Sec. 8.
mo money shall be drawn from the
treasury, but in consequence of appro-
! 'pr1auonS made by law.
sSec. 10. No state shall coin money,
emit bills of credit; make anything
'but gold and silver coin a tender in
payment of debts, or.pass any law i'm
pairing the obligation of contracts.
Art. x. The power not delegated to
''the United States by the constitution
nor prohibited by it to the states, are
reserved to these states respectively,
cor to the people Art. XIV. Sec. f.
''The validity of the public debt shall
not be questioned
| 1. You will see there is no authority
to take in silver dollars on deposit
them notes redeemable in gold.
That throws down the Bland-Alli-
son act. and the Sherman-Jones act.
and makes the notes illegal. The same
applies to gold certificates.
2. The legal tender power of the
greenbacks rests upon the great doc
trine of fright of. Sovereignty" but
that again rests upon justice. OF this
[ have prepared a Brief on the Judg-
mentsv of the United States Supreme
Court, TO which L refer you.
3. The power to borrow money does
not imply a forced loan without inter
est in the time of peace" surely, and
these are all forced gold loans without
interest to the people who hold the debt
certificates
The result is that these false instru-
ments of commerce could all be declar-
ed illegal and unconstitutional, and so
be liquidated.
II This leads to the "effect of the
plans" which would be; 1 to pay off
the silver paper with silver; and the
greenbacks, gold certificates and nat
| ional notes with gold; 2 by closing up
the Political Bank; to render the
claw of parity" no longer necessary,
and 4 to place the United States on a
| level with all other civilized people,
who never redeem their silver in gold;
| 5 to bring in a very great volume of
bonds and cash for taxation by an i'll
come tax; 6 to fill the country with gold
for large exchanges and foreign trade;
| 7 to fill the till and pocket space with
silver for internal exchanges; 8 to put
stop to the constant call for gold by
the treasury; to put stock gamblers
and Wall street men right out of the
treasury forever; 10 to sweep away the
need for bonded debt in time of peace;
IL to restore the constitution to the
people; II by taking the banks out of
the hands of the politicians, and follow
| ing the fathers of this republic in for
bidding Congress to debate paper issue,
silver and gold deposits, exchange bank
ing and law of parity forever.
| In a word 1T sweeps away all the Re
publican misrule for the last thirty
years, and by ending the mischief of
| their laws, raise silver to its old place
in the circulation, and so lifts it to par.
III What are the steps needed to be
taken? First to take the certificates of
deposit, including silver dollar paper,
gold paper and bullion paper to the
Supreme Court, and have them all de-
clared illegal.
| Second. To request all the clearing
houses to federate and form central
bank under control of the secretary of
the treasury to be prepared to do the
government banking. CThis does not
need any law making0
| Third To pay over all the gold and
silver to this central bank for the liqui-
dalton of the paper described above
under your supervision and control. To
coin all the silver bullion and reserve
the seigniorage tax in the government
account.
Fourth. To test the legal tender case
once made and get power to pay off
the greenbacks, because they are a
forced gold loan levied without interest
! in time of peace. and a threat to the