Great Quotes (ii)Submitted by Ulfilas on Thu, 01/10/2013 - 10:43
Second addition to the Great Quotes series I am working on.
Link to first:
I want to introduce you to a stalwart defender of the constitution and individual liberty. James Clark McReynolds. McReynolds served as an associate justice on the Supreme Court of the United States and was appointed there by Woodrow Wilson, though he frequently clashed with Wilsnon's ideas. He was born and raised in Kentucky and became a "Gold Bug Democrat" who believed in stable currencies and vehemently opposed all of Franklin D. Roosevelt's policies as well as the New Deal programs.
Without further adieu.
On the constitutional guarantee of Liberty:
"..the right of the individual to contract, to engage in any of the common occupations of life, to acquire useful knowledge, to marry, to establish a home and bring up children, to worship God according to the dictates of his own conscience, and generally to enjoy those privileges long recognized at common law as essential to the orderly pursuit of happiness by free men."
On Pierce v. Society of Sisters (1925):
The fundamental theory of Liberty upon which all governments in this Union repose excludes any general power of the State to standardize its children by forcing them to accept instruction from public teachers only. The child is not the mere creature of the State; those who nurture him and direct his destiny have the right, coupled with the high duty, to recognize and prepare him for additional obligations.
On the Gold Clause cases (Norman v Baltimore & Ohio Railroad, Perry v. United States, Nortz v. United States):
In harmony with policy sanctioned for many years, individuals entered into contracts which they expected would protect them against a fluctutating currency- a depressed currency. if you will. Such currency is not new; it has been known for centuries. Nero used it. Long ago it was familiar in France.
Many men entered into contracts, perfectly legitimate, and undertook to protect themselves. The lender against depreciated currency, the borrower possibly against an appreciated one. Under these obligations millions were loaned. Railroads, canals, many great enterprises were begun and their bonds sold throughout the world. With them went solemn promises that takers would receive in payment money like that furnished by them. Now we are told Congress can sweep all this away; declare such payments against public policy.
Here we have a monetary system the extent - I almost said wickedness- of which is almost beyond comprehension. No such power was ever granted by the framers of the Constitution. It was not there then. It was not there yesterday. It is not there today."
On financial mismanagement of the country:
As you realize so clearly, our whole social and financial structure is in a state of flux. No man can foresee with any fair certainty where we are going ultimately. That the prospect is not good seems clear enough. Our money system is now choatic: Our national debt is already $500 per capita or more and the end is not yet. It will be much more, whether this will be paid depends on the popular vote. And when taxation becomes great and debt can easily be repudiated public obligations are far from safe.
On the New Deal:
It denies Liberty, which is the breath of our Republic's life. There is no half-way ground. We will stick to Liberty or go over to Communism.