The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-04

and successful conSucu OF The Times.
| Not great while after The Times
was established Mr. Bryan told me that
the great need OF Virginia was Demo
cratic paper pure and simple. and that
| ne intended TO make The Times meet the
| demand, cost what II might; and how
the promise has been fulfilled, and the
| Times In not only a Democratic paper
but the Democratic paper OF the state.
| THE figho The Times has made FOR
| honest elections has aroused the people
| and will. IL continued. avert disaster,
The position taken on the tarim. st III
strict accord with Democratic Prmnsii
| pies. But how you reconcile your pvvi
| ion, widespread disaster wou'd AZ not
| position for sound currency, ~ The
understand. Mr. Blaine said tna' to,isb
| war had done nothing else pu' ,rse,tiad
| State banks II would have been lus,a liz,
| and ] believe he was right III ..n,,id foI-
| ion, wide spread disaster CO. banLs
| ~ ,ss'. win This one exception, am
| glad 10 say that I fully ehooise I'M
course OF The Times.
o,r correspondent's objection to our
! ro.t,tor ah,o,,t state banks does not stop
a, obt.ctions 20 1t as bad financing. lie
Is evidently of opinion mat IL is not
| Domocratfc, consequently we propose 10
| davote thIs article TO denonstrauon oil
,ts strict Democracy, and, In DONG that'
we shaII equally demonstrate the sound
pees of IT'S finance, for sound finance is
no,b,ne at bottom but the old-time Dem
| ocratic principle OF equal laws and JUS
tlce to all.
During the Revolutionary period the
country was overwhelmed with issues
of paper money made by the Continental
Congress and by the separate states
also. II went 10 the dogs and became
absolutely worthless. Our ancestors OF
that period learned by sad experience
the causes of deprecated currency caiieu
money, aad, when they came to form our
present Constitution zone OF the hrhles'
resolutions that possessed their MINUS
was a purpose TO save this country LOT
all time from a renewal of the causes
OF a deprecated money. They mtehaeu
10 make IL impossible there couid ever
be any money In this country except
,,oId and silver coin, and they frainel
their Constitution so as to secure TINS
result. as they thought HOW 90 We
prove this? We prove 1t thus:
They gave Congress power 10 com
money and regulate the value thereoi'
and they gave II no other power Wha'-
ever. in respect to money Now t"e
Govornment of the United States hau
no existence whatever outside OF the
Constitution they were framing mat
Constitution created It and that Cohstl-
tution conferred on IL all the power u
could possibly have. That was PLAIN 10
or,, mans common sense upon the uni
yersallv accepted principle of expressio
uni,is. exclusio est alterius. But 10 pre-
vent any possible question aDout ~
they at once adopted the TENN amend
ment TO the Instrument, whlch plo-
vides that "the powers not deiegated 10
tho United States by the Constitution
nor urohihlted> by 1t TO the States are
rosorved 10 the States respectively, or TO
the people. ,
since then. the United States Govern
mont was given power to "coin money
QUO rapilare the value thereof ana IL
.,os denied all other power, II Is pam
tho, all the power over the subject that
the United States Government 'oui"
have was 10 coin the precious ihetalS
There was no other power whlch cou'u
mt ont money except the state gov
orrpents and these were Forbidden W
,a,,o ,,ns of credit or make anything
q loyal tender except gold ana siNei'
~ any man can study this record ana
cav that II was not the purpose OF 'he
| froners of the Constitution TO conIlhe
money I'm this country to coined money
| tbop we do not envy him the turn ana
| character of his mind In passing OH eNi
The Den ocratic party, consequently az
once PLANTED itself upon the souhd con
stitu,ional and equally sound economical
| nrinciple. that no power existed III lhi'
country anywhere to make ahythhs p".
coin money. and that no power 'uh''eu
states or States had right 10 lssuo
manor morey. and on those TWO eNeiiaS'
inc, principles the Democratic party stoOu
rour square to the winds uhih the wa
And the Democratic party had apunu"i'
onnortunities to prove that THIS was us
foundation faith, and 1t steadily aVdlieu
itself of those opportunities throush a"
a., s,ornos of politics that ragged over TINS
,,,rtry between the formation OF the
constitution and the beginning OF the
nor From the very beginning OF our
existence as ndt'oh wv :.
,hosa DAYS, called first Federahs'S anu
then Wings, began to incorporate III 'he'i
,,,ralizinc doctrines claim that tNe
,Na,,,,d states Government should MOI
on,y coin our metallic money, but should
siaI, control and regulate all issues OF
>ar,r mat were intended 10 circulate
80 tho name of currency as supsti-
- Cor money. The Democratic party
from the very inception oil inns claiii'
rougbt II steadily and obstinatey. tS
80, tarrtfc contests were on the pa''ls-
eold furnished by the proposal 10 re-
litter the United States Bank. between
49, vbig forces. led by Webster ana
Cro,, and the Democratic hosts, led oy
,,dro,, Jackson and Thomas IL. Benton
| In those. the most gigantic polu0"i 'o"-
| tests this country ever saw Democracy
| routed the Whiggery, or Repubiicahlsni'
| of that day, and firmly established III inns
country the doctrine that no power eS-
| listed anywhere TO make anything money
| IN these United States but coin, ana that
| the Government of the United states
| had no connection of any sort whatever
| with the money OF the country, except
| only 10 coin the precious metals. Tha'
| doctrine. as the result of Democratic
| struggles, was planted firmly In the
| hearts of our people, and there ii would
| have remained, triumphant and forever,
| had not the war, with its unconstitutional
, danosit of authority with the General
! Government come on to overthrow and