The gradual reduction of the currency is the only measure that can save the business of the country from disastrous calamities, and this can be almost imperceptibly accomplished by gradually funding the national circulation in securities that may be made redeemable at the pleasure of the Government.
He argues that gradually reducing currency is essential to prevent economic calamities.
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No power exists in the Constitution authorizing the joint resolution or the supposed law--the only difference being that one would be more palpably unconstitutional and revolutionary than the other.
The danger of a defeat of the popular choice in an election by the House of Representatives is no greater than in an election made nominally by the people themselves.
In compliance with and execution of the act of Congress before mentioned, do issue this my proclamation, announcing the fact of the ratification of the said amendment by the legislature of the State of Louisiana.
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