The Caucasian. (Clinton, N.C.) 188?-1913, 1896-01-02

cuse for the issuance Of &l6a 600 600 of
bonds within the last eighteen months,
! suppose that within the next ten or
twelve days we shall be invited to the
least oil new issuance Of government
bonds TO the amount Of slOOyDOO.OO0 or
more. The President OF the ITnited
states and his Secretary Of the Treas
ury have issued sIs3,OOO,0O0 of bonds.
every dollar Of which is void and vas
void when issued. There was NC more
authority in John 6. Carlisle to issue
the bonds of this government than
there was in me. There is not q statute
upon our statute books, there is not
line or syllable Of law that confers upon
him authority to issue government
bonds. They were void and are abso-
luteiy void to-day: and while the peo-
pie OF this country rs matter of honor
Will protect them now, as / believe
they should be protected in view OF the
Tact that We have had their money, |
believe the time is coming when the
people OF this country will rise up in
their might and hurl from power every
man who undertakes and does usurp
power such as has been usurped in this
case. The Secretary of the Treasury
issued those bonds without authority.
The act Of 1875 was repealed by the act
OF February -, 1873, and yet am told
that the Bureau Of Engraving and
Printing is at work getting out more
bonds, bonds to be issued without any
limitation whatever, bonds to be used
in extending the natiOnal-banking
system over this country and fastening
upon the institutions of this country
that system Of banking which takes
from the government the sovereign
power vested in it to coin and issue
money, and invests it in private cor
pOratiOns and private individuals.
Senator Butler introduced the fol-
lowing resolution:
a joint resolution Is. X. 80 to amend
the Constitution.
Resolved by the Senate and House of
Representatives of the United States
of America in Congress assembled
(twO-thirds of each House cOncurring
therein). That the following proposed
amendment to the Constitution of the
legislatures of the several States for
ratification or rejection, to wit:
ARTICLE XVI.
The provisions of the Constitution
of the United States relating to direct
taxes and the appOrtiOnment thereof
among the several States in proportion
to the census enumeration shall not
apply to income taxes: but the Con-
| gress shall have power to lay and COL
| lect taxes on all incomes regardless of
| the source from which the income is
derived or acquired Prorided, homerer,
that all income taxes which the Con-
gress may lay and collect shall be uni
form throughout the United States.
Thirty-one pension bills were intro
duced.
The House held two sessions, morn
ing and evening, and occupied the time
in discussing a bond bill scheme along
the lines Of the Presidents message.
The following is the bill:
A bill Oh. r. 2904) to maintain and
protect the coin redemption fund, and
indebtedness to meet temporary def
ciencies of revenue.
BE 1t endctpd, etc., That in addition tt
the authority given to the Secretary OF
the Treasury by the act approved Jan
uary IA, 1875, entitled Gan act to pro-
vide for the resumption of specie pay.
| I1cUtS, he 10 duCuOIlLcu 1IOA tlulC "
time, at his discretion, to issue, sell, an(
coupon or registered bonds of thu
United States, to an amount sufficient
for the object stated in this section
> bearing not to exceed per cent. inter
est per annum, payable semi-annually
and redeemable at the pleasure of tn
United States, in coin, after five year
from their date, and payable in fifteel
years after their date, with like quail
ties, privileges, and exemptions pro
vided in said act for the bonds therein
authorized. And the Secretary of tn
: Treasury shall use the proceeds thereo
for the redemption of United State
E legal-tender notes, and for no Othe
purpose: Prorided, That nothing il
e this act shall be construed to repeal o
!, Pmodify an act approved May 81, 1875
n entitled can act to forbid the furthe
retirement of United States legal-ten
: der notes." Whenever the Secretar
of the Treasury shall offer any of tn
bonds authorized for sale by this &C
: or by the resumption act of 1875, b
e shall advertise the same and authOriz
r subscriptions therefor to be made 8
S the Treasury Department and at tn
sub-treasuries and designated deposit(
ries of the United States.
9 SEC. 2. That to provide for any ten
. porary deficiency now existing, {
g which may hereafter occur, the Seer
q tary of the Treasury is hereby author
! lied, at his discretion, to issue certif
- Gates of indebtedness of the Unite
- States. to an amount not eXceedin
~ $4,000, 900, payable in three years aft,
~ their date to the bearer in lawful none
~ of the United States, of the denomin'
10 20 ton of 500, or multiples thereof, wit
- annual coupons for interest at the RAJ
- of per cent. per annum, and to sc
a. and dispose of the same for not lie
!, than an equal amount of lawful none
, of the United States at the Treasul
= Department and at the SUBJ treasure
- and designated repositories OF tt
a United States and at such pOst-Offic
,o shall have the like qualities, privilege
&c aud exemptions provided in said r
;s sumption act for the bonds therein a
10 10 thorized. And the proceeds there
80 shall be used for the purpose prescri
lo ed in this section and for no other.
T. SATURDAY, DEC. %.
~ The Senate was not in session.
ot The House passed the bond bill me
wv toned above
~ Sixteen pension bills were intr
Ia duced.
III Best Blood Purifier.
es
er NEUsE N. c., Oct. II, 1sO5.-Miss P'
tie Lassiter of this place makes t
to following statement: have taken
bottles of Hoods Sarsaparilla and Il
oa it to be the best blood purifier tina
~ have ever tried.
'aS HOOPS PILLS cure indigestion, b
rk iOusness.
an HOW'S THIS?
%, ol We offer One Hundred Dollars
a any case of Catarrah that cannot
ere cured by Halls Catarrah Cure.
~. F. J. CHENNEY Il CO., Props,