Seventeen Talks on the Banking Question: Between Uncle Sam and Mr. Farmer, Mr. Banker, Mr. Lawyer, Mr. Laboringman, Mr. Merchant, Mr. ManufacturerFowler, Charles N. (Charles Newell)
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Seventeen Talks on the Banking Question: Between Uncle Sam and Mr. Farmer, Mr. Banker, Mr. Lawyer, Mr. Laboringman, Mr. Merchant, Mr. Manufacturer
Fowler, Charles N. (Charles Newell)
Banks and banking -- United States; Currency question -- United States
Can anybody doubt that we shall have a "National Health Act" by which
the Government can stop the invasion of this country by yellow fever,
cholera, bubonic plague, or any other scourge that may possibly visit
our shores, and sweep over the land?
Can anybody doubt that we shall soon have a National Child Employment
Act by which the childhood and youth of the land may be protected
against those labor practices that imperil our chief national resource,
the human resource?
Can anyone doubt that we shall soon have a National Woman's Employment
Act that future generations may not be pauperized in health, strength
and character?
Can anyone doubt that we shall soon have a National Workmen's
Employment Act to the end that American citizens in all parts of the
United States engaged in our productive industries shall have equal
opportunities in matters of hours of labor?
The general welfare of this nation demands strength, power and
greatness; but the strength, power and greatness of this nation reside
and consist in the character, health, strength and power of the people,
and therefore conservation of our greatest national resource is the
conservation of our human resource. The citizen is a national asset.
Can anyone doubt that justice between the employers of labor in our
various states, and the general welfare of this republic, demand
uniform health and labor laws to the end that the citizenship of this
republic may be the best product of the human race?
Gentlemen, if all these things are done, can be done and ought to be
done by the National Government, can anyone doubt the soundness of
this proposition: That it is interstate commerce to ship by mail, or
freight, any kind of property?
What is property? "Property is a thing or things subject to ownership;
anything that may be exclusively possessed and enjoyed; chattels,
lands, possessions." Gold, gold certificates, silver, silver
certificates, United States notes, checks, drafts, promissory notes are
all certainly within this definition.
H.D. MacLeod, the highest authority I know of on banking economics,
says: "Property, therefore, in its true sense, means solely a right,
interest or ownership, and consequently to call goods or material
things property is as great an absurdity as to call them right,
interest or ownership.
"To call goods themselves property is, comparatively speaking, a modern
corruption, and we cannot say when it began."
Therefore, property is primarily and essentially the very things with
which banking is solely concerned.
Will anyone deny that gold is property? Remember that when gold is
shipped in large quantities, it is by weight and not by count.
Will anyone deny that gold certificates are property?
Will anyone deny that silver is property?
Will anyone deny that silver certificates are property?
Will anyone deny that United States notes are property?
Will anyone deny that promissory notes are property?
Public-domain text, read in full here on John Shaqi.
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