The morning journal-courier., 1908-07-11

MT Cleveland had said, In 1898: If nothing else but bonds will do you, come on and get the bonds"
 What brought about the panic of 1907? The volume of real money has been so greatly lessened in compari- son with the country's need for money that It Is not difficult 10 corner the available supply. New York did this last fall Credits of all sorts had been recklessly extended and when the real money was needed New York and New York held on 10 it, Neither banks nor individuals could get back their own money from New York without paying an extortionate price for it. How could the situation have been relieved? The government should have used It's sovereign pow CT to create money and should have money by issuing its own notes-just as Andrew Jackson did in 1Ss7
 Never did any government surrender its royal prerogative of creating mon ey until the Godsmiths of London bribed Kings paramour Into wheed- ling him into granting that fatal con cession, As matter of historical fact, the monstrous usurpation of our lead | ing class against which we Jefferson fans revolt, had It's foul origin In the disgraceful relations which gave Bar bara Villiers her power over Charles the Second. Our forefathers did not in- tend to part with the sovereign power to create money Admonished by every lesson which could be taught them by the records of the past, they re- | served to the government the great 1 royal function of creating money. just 1 as they reserved to the government | every other attribute of sovereignty necessary for the high purpose for which the more perfect union" was established. They denied to the states the power to make anything else bu' gold and silver a legal tender of pay. ment of debts, yet, today, six thousand national bankers. private citizen: though they are, do practically wha' the constitution forbids the states t | uU. U lllt tAltlll bl BIN lluIihltu iIii' lion dollars. they already have theil personal notes in circulation as money under the Aldrich- -Vreeland bill, they are given the right to issue an addi tional five hundred million. Think of 1t
 Tho Judiciary.
 A jaw of Georgia which has neve been repealed emphatically command the governor of the state to re fuse to accept service in any cas brought against the state in the fedora courts by private individuals.
 This legislative act shows the spiri of our ancestors So far have we wan dered from old landmarks, so indifferen have we become to the great prinnple upon which our government Is founded that neither the Legislature nor the peo
 pie made an outcry last year when private corporation, which was calle
 into life by the laws of the state, hale
 the state of Georgia 10 lower fed era court and demanded that the sovereign state show cause to this federal judge why one of her laws should not be .ct' out of the books,-by the judge of thi
 inferior federal court,
 The governor accepted service, wen . into that inferior federal court an
 earnestly implored the judge. 10 allo
 the grand old state of Georgia one D II the OrlRlnal tnlTte"Ht to Cdrry on ne . state government.
 If ever by chance, l am president; !
 this republic, l promise you one thing These corporation hshchmen, acting a federal judges. are going to g,t sn, call-down as will make them g,a to scurry to their constitutional spher, l To accomplish this nothing mora needed than that the executive pcwe shall assert itself ani restore the bal ance between the executive, the legis lative and the judicial departments, ever l should represent the chef execu tive power, the manner n which 1t wi be asserted will ailke good reading ft 5 future generations,