A Letter to Grover Cleveland: On His False Inaugural Address, The Usurpations and Crimes of Lawmakers and Judges, and the Consequent Poverty, Ignorance, and Servitude Of The PeopleSpooner, Lysander
Philosophy
A Letter to Grover Cleveland: On His False Inaugural Address, The Usurpations and Crimes of Lawmakers and Judges, and the Consequent Poverty, Ignorance, and Servitude Of The People
Spooner, Lysander
Cleveland, Grover, 1837-1908; United States -- Politics and government
If a company of bandits were to seize a man's property for their own
uses, and give him their note, promising to pay him out of their future
robberies, the transaction would not be considered a very legitimate
one. But it would be intrinsically just as legitimate as is the one
which the Supreme Court sanctions on the part of congress.
Banditti have not usually kept supreme courts of their own, to legalize
either their robberies, or their promises to pay for past robberies, out
of the proceeds of their future ones. Perhaps they may now take a lesson
from our Supreme Court, and establish courts of their own, that will
hereafter legalize all their contracts of this kind.
SECTION XXI.
To justify its declaration, that congress has power to alter men's
contracts after they are made, the court dwells upon the fact that, at
the times when the legal-tender acts were passed, the government was in
peril of its life; and asserts that it had therefore a right to do
almost anything for its self-preservation, without much regard to its
honesty, or dishonesty, towards private persons. Thus it says:
A civil war was then raging, which seriously threatened the
overthrow of the government, and the destruction of the
constitution itself. It demanded the equipment and support of
large armies and navies, and the employment of money to an
extent beyond the capacity of all ordinary sources of supply.
Meanwhile the public treasury was nearly empty, and the credit
of the government, if not stretched to its utmost tension, had
become nearly exhausted. Moneyed institutions had advanced
largely of their means, and more could not be expected of them.
They had been compelled to suspend specie payments. Taxation
was inadequate to pay even the interest on the debt already
incurred, and it was impossible to await the income of
additional taxes. The necessity was immediate and pressing. The
army was unpaid. There was then due to the soldiers in the
field nearly a score of millions of dollars. The requisitions
from the War and Navy departments for supplies, exceeded fifty
millions, and the current expenditure was over one million per
day.... Foreign credit we had none. We say nothing of the
overhanging paralysis of trade, and business generally, which
threatened loss of confidence in the ability of the government
to maintain its continued existence, and therewith the complete
destruction of all remaining national credit.
It was at such a time, and in such circumstances, that congress
was called upon to devise means to maintaining the army and
navy, for securing the large supplies of money needed, and
indeed for the preservation of the government created by the
constitution. It was at such a time, and in such and emergency,
that the legal-tender acts were passed.--12 _Wallace_ 540-1.
In the same case Bradley said:
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account