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| DOCUMENT
NO. 1. - NATIONAL GREENBACK LABOR PARTY. |
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Page 1. The person who receives this
document should carefully preserve the same after having carefully studied
the statements herein contained. Every quotation is preceded by the book,
page, and authors. It is intended as a complete analysis and exhaustive
argument in favor of the doctrines and financial teaching of the National
Greenback Labor Party in the State of Iowa. |
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Page [2] and partyism laid aside,
as may be possible under the circumstances, that a candid correct conclusion
may be reached in each case of examination by each intelligent human being.
OBJECTS AND PURPOSES -- PLATFORM OF PRINCIPLES.
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Page [3] declaration of independence as the precursor
of an historic revolution, and thus laid the foundation to claim to personal
liberties and individual sovereignty under and in accord with that which
they made -- the Constitution -- superior in character, circumstances and
latent possibilities to anything or condition the world ever saw or knew
before. |
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Page [4] Congress shall have power to coin money,
regulate the value thereof, and of foreign coin." See Art. 5, Sec.
8.
No where in the Constitution is the right "to coin money" or "FIX
its value" granted to a State, or any person a citizen of the State
or Nation. "To coin money and regulate its value is one of the highest,
and is a sole prerogative of National existence and National authority.
Indeed, the Constitution proscribes the States. Article 1, Sec. 10 reads; |
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Page [5] The Attorney General of the United States
in his argument 12 Wallace, United States Supreme Court report, page 519,
says: "This legislation assumes that, in contemplation of law, money
of every species has the value which the law fixes on it; that Congress
has the constitutional power to say that 10 pennyweights of silver shall
henceforth be the dollar, and do the office hereto done by 16 pennyweights
and 4 1/2 grains." |
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Page [6] as a coined eagle. [ ten dollar gold piece.
] Each has the value of ten dollars money of account."
Same book, page 249:
"And by currency, as here used, is meant, of course, that which is
declared to be money, and to be receivable for public and private debts,
by the supreme or central power of the State or Government. And as this
power, in this country, belongs to Congress, and not to the States, we refer
to the national legislature to ascertain what modes or forms of value constitute
the Constitutional currency of the country." |
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Page [7] in support of the position that the unit
of money value must possess intrinsic value. The argument is derived from
assimilating the constitutional provisions respecting a standard of weights
and measures to that conferring the power to coin money and regulate its
value."
Same book, page 553, states: |
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Page [8] Here let me pointedly inquire of the ministry
of the Church of Christ, of the humanitarian and philanthropist, as well
as the business and laboring, the producing elements of our social and civil
society, how long can you afford to indorse a financial system of more than
national importance, so fraught with the weal or woe of uncounted millions;
yea, millions unborn, whose welfare depends on the wisdom of your every
word and deed, becoming as they do, a part of the woof or warp of the fabric
of life's phases here, and perchance here after? |
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Page [9] governing class of Vanderbilts, Jay Goulds,
Astors, Tildens, Belmonts, Grants, Rothchilds, Queen of England, Empress
of Indies, Czar of Russia; -- I will than, with my kind, teach the mud-sills
of society, that 'a dollar a day, with bread and water' is sufficient; and
if any rebel, I will take Tom Scott's advice:
"Give them the rifle diet a few days and see how they like that kind
of bread, or; that of Rev. Joseph Cook, of Boston: "I would secretly
appoint a day in every district to hunt down the tramp,' or adopt the advice
of the Chicago Tribune: 'The simplest plan probably, when one is not a member
of the Humane Society is to put strychnine or arsenic in the meat or other
supplies furnished to tramps." Thus would I feed and fatten my hate
of a government of, by, and for these mud-sill -- laboring men and women
-- and demonstrate the statement that 'blood will tell' and the 'princely
value of 'aristocratic strains.' |
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Page [10] this high prerogative of national existence
and authority, in times of imminent peril, in times of war, and as a war
measure.
The U.S. Supreme Court, 12 Wallace, page 567, states:
"I do not say that it is a war power, or that it is only to be called
into exercise in times of war; for other public exigencies may arise in
the history of a nation which may make it expedient and imperative to exercise
it. But of the occasions when, and of the time how long, it shall be exercised
and in force, it is for the legislative department of the government to
judge.
Same book, page 562:
"Another ground of the power to issue treasury notes or bills, is the
necessity of providing a proper currency for the country, and especially
of providing for the failure or disappearance of the ordinary currency in
times of financial pressure and threatened collapse of commercial credit.
Currency is a national necessity."
REMEMBER BLACK FRIDAY. |
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Page [11] legal tender treasury notes have become
the universal measure of values. If, now, by our decisions, it be established
that these debts and obligations can be discharged only by gold coin; if,
contrary to expectation of all parties to these contracts, legal tender
notes are rendered unavailable, the government has become an instrument
of the grossest injustice; all debtors are loaded with an obligation it
was never contemplated they should assume; a large percentage is added to
every debt, and such must become the demand for gold to satisfy contracts,
that ruinous sacrifices, general distress, and bankruptcies may be expected.
These consequences are too obvious to admit of question. And there is no
well-founded distinction to be made between the constitutional validity
of an act of Congress declaring treasury notes a legal tender for the payment
of debts contracted after its passage, and that of an act making them a
legal tender for the discharge of all debts, as well as those incurred before
as those made after its enactment." |
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Page [12] Sec. 3584. "No foreign gold or silver
coin shall be a legal tender in payment of debts."
Under Title 37, same book, page 696, we find as follows:
Sec. 3511. "The gold coins of the United States shall be a one dollar
piece, which at the standard weight of twenty-five and eight-tenth grains,
shall be the unit of value." * * *
Sec. 3585. "The gold coins of the United States shall be a legal tender
in all payments at their nominal value when not below the standard weight
and limit of tolerance provided by law for the single piece, and when reduced
in weight value such standard and tolerance, shall be a legal tender at
valuation in proportion to their actual weight." |
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Page [13] Sec. 10. "And be it further enacted.
That of the gold coins, the weight of the eagle shall be two hundred and
fifty eight grains; that of the half eagle one hundred and twenty-nine grains;
and that of the quarter eagle sixty-four and one-half grains.
And that for all sums whatever, the eagle shall be a legal tender of payment
for ten dollars; the half eagle for five dollars, and the quarter eagle
for two and a half dollars." |
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Page 14. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 15. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 16. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page [17] yield more abundantly,
instead of freely accepting their product in accordance with the automatic
theory, they advocate its rejection through the restriction or the absolute
prohibition of the coinage of either or both metals, or through the limitation
or the abolition of the legal tender functions of one of them. Whenever
the interests of the creditor and income classes seem to be in danger
of being impaired by an increase in the volume and decrease in the value
of money, or in other words, by a general rise in prices, the modern theorists
are clamorous in double standard countries for the demonetization of one
of the money metals, and in single standard countries for the shifting
of the money function from the metal which promises the most to the one
that promises the least abundant supply.
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Page 18. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 19. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 20. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 21. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 22. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 23. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 24. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 25. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 26. The person who receives this document should
carefully preserve the same after having carefully studied the statements
herein contained. Every quotation is pr |
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Page 27. ERRATA |
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Visitors
since July 21, 2006 |
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