Fitzgerald leader enterprise and press., 1922-08-10


dollar, whether in metal or paper,
should be inscribed, this is a dollar"
That declaration and the law which
makes the dollar legal tender for
debts, are sufficient. There should be
simply the sovereign mandate, "This
is dollar" Absolutely nothing more
is necessary to make that currency as
good and as strong as the Government
which creates it.
All governments, being composed
of human beings, may perish. OF
course when the government is over
turned, its currency is lost But that
is true of its bonds, also.
The editors of our daily papers are
dreadfully uneasy, lest the small notes
issued by the government should go
the way of the Confederate money.
But why are they not nervous about
the bonds?
If the Union should go to pieces, as
the Southern Confederacy did, the
bonds wuld fare no better than the
notes.
The East India Company, acting
through the Kings mistress, decoyed
Charles II. into sanctioning a scheme
which gave to the Company and to
the goldsmith class control over the
royal mint. The law by which this
was done is known as the Mint Act
of 1906" and the bribe of the, Villiers
woman is named in the Act. The 30
ker" clause of this Act was so framed
that the goldsmith class and the East
India Company obtained almost abb
solute control of the supply of morey.
Moreover, these same intriguers secrr-
ed fourth charter for the East India
Company in 1917, which authorized
the corporation to coin in India with
its own stamp, gold, silver, copper and
lead
The Constitution of the United
States expressly invests the Federal
Government with every sovereign pre-
rogative necessary to its performance
OF those functions for which it was
created. To make. peace and war, to
collect aud disburse taxes, to control
national and foreign commerce, to
make laws and enforce them, to create
offices and fill them, to control the
ARMY and navy, to create money, are
among the necessary sovereign pow-
ers conferred upon the general govern
ment. 10 surrender any one of these
royal prerogatives in whole or in part
is to MAIN the Government. Who
would not protest, if it were proposed
to delega to private individuals or
corporations the power of regulating
foreign commerce? Where is the man
in public life who would dare to pro-
pose that the Government should sur
render to private individuals or cor
porations the power to control the ar
my or the navigable waters, or to op-
crate our postal system? Yet, in ab-
dlcat'ng in favor of SIX thousand na-
| tonal banks tho sovereL.h prercga-
tive OF creating money, the Govern
lment has surrendered power infinite
ly more precious than that of regu-
latlng foreign commerce.
he very life-blood of the CONNER
cial and industrial world is money
the artificial creation by which we
have agreed to take the measure of the
value OF all commodities, in exchange.
And we have surrendered, to a rapa-
cious six thousand, the terribly danger
Gus power of saying how much life
blood shall flow into the veins of the
body-politic.
With their unconstitutional and Ca
lamitous Gold standard, their absorp-
| ton of all the surplus cash of the ma
tlonal treasury, and their usurpation of
the right to stamp their own notes as
money, the six thousand national bank
| ers have as complete trust as the
=, Standard Oil, or the Steel Trust.
What shameful spectacle, that of
| a Government of 95,000,00O people
changed to fetch by handful of
Wall Street rascals! Oh, for one year
OF Andrew Jackson to smite these in
famous scoundrels and to assert the
power of the Government.
Listen to the Supreme Court of the
United States, (3o Barb. 427), announ-
eng its decision in Hague VS.. Pow
ers:
Money is the medium of exchange
the standard or representative of all
commercial values. 1t is that which
men receive i'll exchange and in sat-
'staction of labor, and its various pro-
ducts; and whether it is intrinsically
valuable or otherwise, it is the stand
ard OF value by which alone they are
all measured. Gold and Silver are
not naturally money. any more than
any other metal product or fabric.
They are made SO by law only.
These metals become money by force
and operation of the law alone.
The power Ito create paper money)
is clearly one of the attributes of gov
ernmental sovereignty and NAV be ex-
ercised wherever it is deemed neces-