The commonwealth. (Greenwood, Miss.) 1896-1923, 1900-03-09
DECENTRALIZATION.


resulted in the denoneti2atlou of sd.
yer, unconstitutional"
Section 5, of article /, of the con-
,titution, SAYS: Congress shall have
nover to coin money, regulate tie
,uluc thereof, and of foreign com;
and fx the standard of weights and
measures" Thus, is il not that money
must be coined?-and it is necessary
that some substance must be used foc
r]oinaue. and also, that if il is coined
nut af more than one substance, and
a.ch and every substance out of which
government coins money does not
| hay, ,uual RIGHTS: is not treated by
| he Government exactly the same as
the government trents other sub
.,apcrs ont of which il coins money,
n,n fire. coin that may be stamped
from srch substance which does not
nosssss tbrse same RIGHTS be called
~r,onny =. defined nv This article in the
,orstitrtjonp That it max be made
,or the riyht and mower of goyerp-
mont IN ;ssneA n Ipn,l tender is nat
Questioned. hrt only. is il money
tbat is coined money. ms defined by
thp cnus+itution? Is il not an accept
cd fo,., that ot fine time of the adr0-
ion IF the constitution hy the IA rt,I-
ories~thus makinr one
comrosed of states-that the metals
o,1d and silver were the substances
oohrrvlrfUpl Inv the rnlunirs t1ud by
| tn, world npn,rniIy) to be materials
rut nI which money WIS to be cpitrd;
and that if WAS these metals that This
~,rttclr in fine constitution had refer
eprc TO" In proof of this coma cess
,.ry ,hprt1v after fine hepjuniu4 Of
me existence of fine Government. April
. t7oo ra.srd nm art proyiding for the
freq rntu,pp of ooId and silver at A
rltic AS prescribrd in that nct-to-n1t,
n To 1-bg,h metals h,ying cuI1l
rights. Each metal, when coined tc-
rurL'no to this law. became mJnrr.
In rurtlnrr nronf that cold aud silver
--nnd that only gold and ,iher-wrre
;ptnudad ms thp Substances out of
which money WAS 10 be thltFV ItSDrt-
inr tn this article. the constitution
nrohihited, in the same article. section
M tine states from MAKING ANYTHING
but gold and silver coin a tender IN
noymrpt Of dcbts at., prohibited the
~str+re from eoinino respryinr to the
GENERAL Government alone that DOW.
or Now th. Government and The
states have At various times since
IN. oIor+iop or the constitution ios,,rd
oL1icotinns and borrowed money.
And tbeso obIi"ationS and these prom
;s,s to rennv money borrowed have oJ-
noy. hepn nxnroysed in coin-somp of
thr ~oblioationy of the states may have
hrcn EXPRESSED in lawful money. Has
if not always been understandings it
ever been questioned that the word
coin as so used has always meant gold
and siIyrro Thrg it must be AN M
disrutobIe fact that gold and silver
we're the Substances out of which
money was to he coined by the roy.
,,ep, ocrordinU tn this article m
,hp constitution. and also an lndi~-
n,,tabl, fact that should one metal
he derived of any rights that were
,occrGaJ 10 tine other metal he treat
ed nv the goyrrrmrnt any differently
than the government treated the
other: the coin of the metal 50 de-.
Driyed was NOT money, the same as
the coin of the other metal was. qs
mopov i. defined hv this artirl, In thn
,onst;+utiono Far the intent and
meaninr of this articlr-giytng con.
,r.co tha mower IN coin monrv ami
rroulate thr yalue thereof, as here
nrovrd-was NOT gold or silver. but
cold and silver.
Alexander Hamilton and Thomas
five time whep fine frst ~coipare law
was uassed NV COMPRESS. Daniel Web
.ter in his address to the senate De.
cernhe,. 81 19aG. said; 81 ON certain.
IL of thp npinion then. that gold and
si,var .at rates Gxad nv COMPRESS con.
stituto the 1ey,l standard Of value i,
,his ,ourtrv and that nnither rnI.
oress nor any state has authority TO
establish any other standard or 10 dis.
nlaca this" Andrew .Jarkann said fine
same thing in his farewell address,
.iaues G. Rloire in his snnach in fine
senate February :. 1878. said: 81 be.
,ieyc poJd and silver coin to be mo-ev
of the constitution. No mower -yns
conferred ON compress 70 declare that
cithe metal should rot be money.
Conor.sg has. in NV Indictment. no
mower 70 denonetizc silver any more
thon to demoprtize gold. No pow,r 10
demon. tize either anv morn than +,
~demonetize both"
x,rr ,ho ,.w th,t uos ,asyod roh.
r,ory 1s-2 did d~emo,rtiza .ilver
go II