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In the Government set up under the Constitution provision was
made for a freedom of action which gives full play to every citizen
in the exercise of his rights and powers. The wisdom of the law
of our land is emphasized with each passing year. The remarkable
economic development of America is based upon the liberties and
restrictions granted as the equal right of all her citizens.
Outstanding among these provisions are: The money clause. - The money clause establishes credit through the sole power vested in the Federal Government to coin money, incur national obligations through issue of bonds or notes of indebtedness, establishment of our national bank, and later our Federal reserve bank system, forbidding any State from incurring financial obligations with foreign powers or other States. The post-office clause. - The post-office clause, through which communication is regulated between the States and with the world at large, is a duty alone of the National Government. In this clause are found the rules and regulations governing mail, telegraph and telephone lines, and the radio. Strict regulations hold all accountable for matter transmitted by mail, as to its truthful or fraudulent character; rates are fixed by the Government with equal application to all. The commerce clause. - The commerce clause set up an agency of exceptional worth by reason of the freedom granted in interstate traffic, the elimination of barriers, duties, or restrictions which might otherwise be created in exchange, sale, and shipment from State to State. Citizens of any State have equal rights as citizens of the United States, subject only to such local laws as apply to all citizens of the State within which business is transacted. The taxing clause. - The taxing clause permits taxes to be levied for the requirements of government only; such taxes to be uniform in application and subject to revision as necessity governs. The naturalization clause. - The naturalization clause establishes one class of citizens only; with equality to all and privilege to none. Under this and the immigration acts our Nation is assured a strength and unity of purpose and action and an equality of citizenship that could not otherwise be attained. Fixed terms of office. - Fixed terms of office: Our system of government by which definite terms of office are assured gives stability to business in the fact that in no crisis can an administration be overthrown in a day, through dissolution of Congress or the resignation of the Cabinet. Parties may rise and fall without serious effect upon our economic life. |
