The Caucasian. (Clinton, N.C.) 188?-1913, 1895-08-01

uhuer the pretepse OF repeating the
"cOwardly makeshift."
Ii cause and effect have any log.
zeal relation, the tinkering with the
Snerman law and the refusal of the
government to furnish the people
with means to enable them to DELAY
the sale OF crops at gold prices was
the real cause of the issue OF $780,
OOO,O 200 of bonds.
i do not take any pride in the
travels OF $50, ,OO0, 900 of these bonds
to London, in the keeping of our as
sistant secretary of the treasury to
be signed there and delivered to the
Rothschilds, and | see no profit in
selling them at l04t when they were
worth 12O; but charge no evil in
tent upon any one for making this
child's bargain. Its absurdity is a
strong plea for it's innocence.
THE RIGHT TO COIN MONEY.
This is the essential value of that
reserved right, and it could only be
an act of gross tyranny to abrldge
the right or to destroy it. The same
rights are due the owners of silver
bullion as they are to the owners of
gold bullion as "rlghts reserved to
the people, under the constitution.
What did our fathers do with this
inherited right Did they destroy
1t, or did they preserve it'll The an
swer IS, that owing to it's impor-
tance it was protected and enforced
by special provisions in that instru-
ment, as was the case, also, of the
writ of habeas corpus, the right. of
trial by jury and the right of free
worship and other rights.
The special provision so made
was the mandatory power given to
congress to coin money and regu-
late the value thereof. At that
time
GOLD AND SILVER COINS
were both included in the meaning
of the word money and the power to
coin money was not intended to re-
fuse coinage to either gold or silver,
but to preserve this great right of
the people as it then existed. The
constitution destroyed none of the
rights that were comprised in the
liberties of the Britons. But, as /
have already pointed out, the vital
element of the coins consists in their
compulsory legal tender power.
This is expressly preserved in the
constitution in this language, found
in article /, section 10. ''No state
shall make anything but
gold and silver coin a tender in pay
ment of debts" Here the CONS OF
gold and silver that congress is en-
powered to make under article l,
section s, are described as lega
tender money.
If congress, therefore, provides
for the coinage of any legal tender
money it cannot coin silver to the
exclusion of gold, or gold to the ex.
clusion of silver
WITHOUT VIOLATING A PLAIN INJUNC.
of the constitution. l do not deny
that congress can do such a thing
but l do say that it may as we'll re.
fuse to provide, by law, for the Is
sue of writs of habeas corpus OF
for trial by jury.
I And for the same reason, the re-
fusal of free coinage to the hold
ers of gold, while giving it to the
holders of silver, would be an abuse
of power that can find no justifica
ton.
In providing a supply of legal
tender money for the people of this
free republic, it was the intention
of the founders of the government
that it should not be limited to on
metal, but should include the FREE
coinage of both metals.
This is the claim l set up to tn,
privileges of the constitution in ia
vor Of the people, which embodied
and enforced in our first coinage
law, approved by George Washing
: ton, in 1892. l am not willing t.
surrender it on the command o
, John Sherman or even of Grove
? Cleveland.
MONEYS ONLY POWER.
/, The only actual power money ha
q is the power to pay a debt.
: A contract is complete when tn
1 parties express their assent to it
n terms. If it is a contract to pa
money, the amount of legal tende
money will pay it, that is stated i
the agreement, and the debtor ca
: compel the creditor to accept 1t. l
: he refuses, the court will ascertai
It the amount that is due him, in dollar
g and will satisfy the judgment, so ths
he can take the money so rendered, {
n 90 away empty, as he may choos'
T. No greater liberty, and none MOI
9 just exists. than the right of tt
II debtor to compel the crediter to tal
o legal tender payment of any deb
IS demand or obligation he is boun
n to discharge.
st in all civilized, free countrie
8. where personal liberty is at all va
't ued, the laws protect the debt
II from the natural rapacity of tt
a creditor.
ie The divine law takes up this su
II ject and makes respect for this pr
Is tection a personal duty of religio
~ The jubilee was established
20 Moses to prevent Jewish credito
~ ~ from expressing their brethren
~ was statute of limitation upon {
- indebtedness; it gave the right Of 7
,,s ,e demption by the mortgagor of land
~ and restored bondsmen who hi
Us been sold for debt, to their libert
To these statutes We have add
large exemptions of property fro
lg sale under execution, and ha
ed abolished Imprisonment for del
u We punish usury with heavy fl
ms FIXTURES, and are frequently reso
e. ing to the laws of bankruptcy to g
'ir tinguish all the Indebtedness of U
ne fortunate men. In this way at let
sr, we quality ourselves to repeat wi
nd sincerity the Lords prayer, "F'
lip give us our debts, rs we forgive o
IRE debtors" Georgia was the Fl
ur asylum for imprisoned debtors. {
a lethOrpe opened the prison doors