The farmers' union. (Memphis, Mo.) 1891-1895, 1894-01-11

auu private, aLu uy "ue4uaCo I"A-
alton to be imposed by new bills.
This will bring into full exercise all
higher power of government under
the Constitution. The Constitution
confers on Congress the power Cart. l
Sec 8:
ITO lay and collect taxes, duties,
imports, and excises, to pay the debts
and provide for the common defense
and general welfare Of the United
States.
To borrow money on the credit OF
the United States.
TO regulate commerce with foreign
nations, among the several States,
and with the Indian tribes.
To coin, money regulate the value
thereof, and Of foreign coins.
To raise a1d support armies.
To provide and maintain a navy.
To make all laws which shall be
necessary and proper for carrying IN
to execution the foregoing powers,
and all others vested by the Consti-
tuition in the government Of the
United States, or in any department
or Office thereof
! These are among the high power
) of government which must now be
brought into full, ample play. The
table which I have before me, pro-
cured from the Census bureau, shows
that the true value Of the property,
real and personal, within the United
, States, is sixteen billions. one hun
. dred and Fl t mine millions, six hun.
) dred and sixteen thousand and sixty
eight dollars, ($16,159,616,Oc8) and
the assessed to be $l2,0O6, 756, ,5S5.
This is the capital. $4,000, ,0OO, 900
in amount, on which your Treasury
: notes and bonds rest. This claim OF
government, in the hands OF Congress
is direct and specific on the banks
i through the United States, including
! the gold and silver in their vaults, on
commerce, ON all kinds of production
and business, on railroads, steamboats,
and their passengers, on gass COM
panies, on manufacturing companies
e Of all kinds, in short, all real and
personal estate Of every kind is held
: subject to the payment of the treasury
" notes and bonds issued by the gov
y ernment. Congress is clothed Will
Il this mighty power to sustain tho
: nation at this time. Will you hes;
tate to do yonr duty? This is wha
r the people. the capitalists, the merch
II ant and all who confide in your de
Z. mand notes, want TO know. II the,
d take these rotes, they want to know
n positively whether you will enfore th'
N claim Of the government upon th'
70 property Of the country, to the full
e extent necessary to redeem the treas
IL ury notes, and pay punctually the in
ID terest on the bonds which they TAX
N Of YOU to sustain the government
L. Unless you are prepared to satisf,
ID the country on this point, it is in vail
al to issue bonds or notes, and expec
n, them to pass currently among III
le people. Unless this is done the,
ot will depreciate, and they ought t
ID depreciate, but with ample taxation
II cheerfullv voted by Congress, tie,
q; vii! he the very best secueity in tn
d. country, because the whole propert
r. of the country is held for their re
le dempt,on. Congress has plain du,
N to perform. 1t has ample rowe,
This power should now be enforced
re- Will c. n gre perform this duty?
v The Government Of the Unite,
> States is not prohibited BY the Coz
" stitution from issueing treasury note
u on demand, and making them = legs
T. tender III payment Of all debts viii
5 in its jur;sdition. The Coastitutio
'r Cart. !, Sec. 10y prohibits the state
Of from making anything but gold an
o, silver coin q legal tender in pay
OF all debts, but this does not at q
On restrict the sovereign power Of :h
T. the United States. Congress has tn
i'd power to coin money regulate tn
IN value thereof, and o. foreign coin.