Cayton's weekly. [volume] (Seattle, Wash.) 1916-1921, 1918-01-26

suitable for the purposes intended; and that
such laws would be more promptly and
more satisfactorily enforced by the states
officers
The former theory was finally exploded
by President Jackson in the attempt Of the
notification of the United States laws by
South Carolina in 1882.
The latter then must stand as the cor
rect theory Of the relations in government
al affairs between the national government
and the states.
The possibility that any local interest
then in existence, or that would likely
exist in the future, could or would develop
powers and interests greater than those of
the states, and reaching beyond their juris-
dctions and control, did not occur or sug-
gest itself to the consideration of the
founders
The people were positively assured in
their own view that the division of SOW
ereign powers attempted between the ma
tional government and the states were such
that each could confine, restrain and main
tain within reasonable limitations, and
within it's own jurisdiction, under all cir
cumstances and contingencies any rights
and interests, powers and privileges created
and granted by it's authority in the future
When the Republic was formed the pop
lion and five hundred thousand This pop
ulation was not concentrated as we find it
now in cities, but was scattered in sparcely
settled communities in all the thirteen
states along the Atlantic coast Travel
was usually on horseback, upon ordinary
country roads or simple trails. The trans
portation of merchandise, usually the fam
lily supplies, were hauled by teams of oxen
or horses.
Steam power had not been developed
adopted or used for any purpose of travel
and transportation The railroad with it's
long train Of cars was unknown, even in
the dreams of the most sanguine. The
vessels upon ocean and rivers were driven
by the wind caught in canvas SAILS which
often made slow progress and tedious
journey. .t ..5. .... ... ......
Electricity as a force to be utilized by
man in any of the mechanical uses had not
then been conceived in thought or mag
nation
There was no uniform monetary system or
currency in the country. The colonies were
dependent upon British money and Spanish
silver coin. The first bank in the country
was organized in Philadelphia in 1880 and
Bank of North America was opened in
1882. The Massachusetts, bank was incor-
porated in 1884 and that of New York was
chartered in 1791
The banking institutions and the bank
ing business of the country at this time
were local They had comparatively small
circle of influence. They were established
to accommodate the business, and for the
convenience of small communities Though
few had some conception of it's national
character and even went so far as to in
stitute national bank which was approved
by Washington. This attempt to establish
national bank though it appeared at the
time successful proved to be short lived
In few years it went out of existence.
The United States congress refused to re-
new the charter
Thereafter, for many years. there was no
national banking system in the country. The
people had no conception then of the i'm
portance OF such system, nor could they
conceive the idea that it would become of
national Importance. The government, to be
sure, had been granted the power to coin
money and regulate it's value and the value
OF foreign coin. This was thought all suf-
hclont boVOn0 which no attopop+ should bo