The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1914-10-01
CONSTITUTIONAL OBSERVATION-DISCLOSURES.

# the Government were to issue its own
notes to supply the country with circulating
medium 1t would be conforming to the sound
doctrine OF equal rights for all. It would
nave It's currency going out into circulation
among the people without some middleman
standing IN between the Government and the
people to rake off tremendous profit The
money would get into circulation through the
appropriations of Congress, through the pay
ment Of pensions, through the taking up Of
bonds, through the construction of public
works, through the reclamation of swamp and
arid lands, and through the construction of
canals Personally, I should favor, with all
my heart the building by the Government Of
a few great post-roads, stretching from sea to
sea and from Lakes to Gulf. Upon these
post-roads [ would send the iron horse
by the issuance Of Treasury notes, to be
legal tender for all demands, public and pri-
waite, the Government would at once unlock
the boarded treasures Of banks and Of private
individuals. The mere fact that the Govern
ment had taken a step in that direction would
prove to Wall Street that the policy of con-
costing money in New York could no longer
be INDUCED The moment the Government
started UP its own printing presses and began
to put its own imperial stamp upon the
nations currency, those heartless, remorseless
usllrers of Wall Street, who have brought this
terrible distress upon so many millions of our
people, would realize that the day of their
tyranny was over. Governed by the merest
seltishness, they would at once begin to put
their own money into circulation to prevent
the Government from making such an in
crease Of its own note issues as would effec-
tually undermine the power of these favored
bankers over the commerce of the country.
WHERE THE FATHERS OF DEMOCRACY
STOOD.
In other words, [ am against the whole
national banking system, for the very same
reason given by Andrew jackson. Thomas II.
Benton, and Thomas Jefferson. I believe it
to be an internal outrage, as we'll as an ano-
maly IN government, to allow six or seven
thousand national bankers to use for their
own benefit the irresistible power of expan-
sion and contraction. The thing is hostile
to The very spirit of democracy, and is ruin
ously antagonistic to the true interest Of the
Republic.
Another reason why the Government
should issue all of the money is that it is
manlfestly unjust that any citizen or corpora
ton should be allowed to have the use of the
national credit in his business, to the exclusion
of other citizens and corporations. Every one
Of the 100000 people who compose our
population has just as much right to the use
of the national credit in his business as every
other; therefore the only way in which this
sound principle of equity can be maintained
is for the Government, which represents all
the people, to use the credit of all the people
for the benefit of all the people The issuance
of greengaclls would be doing that very thing
There is still another and most important
objection to the use of bonds as a basis for
the currency of the country. Owing to the
fact that from the very foundation of the
Government downto the present day national