Speech #530116529

I will answer that. The Federal Government has a right to regulate them in all matters of interstate commerce. and a circulating medium can not be confined to the borders of a single State any more than our commerce can. I favor that paternalism in all things which the Constitution of the United States has established. the paternalism which gives Congress the power to lay and collect taxes. duties. and imposts to -provide for the common defense and general welfare of the United States. to regulate commerce with foreign nations. and among the several States. to establish a uniform rule of naturalization. to establish postoffices and postroads. to promote the progress of science and the useful arts by granting patents -i to inventors and copyrights to authors. to raise and support armies and provide and maintain a navy. to coin money and regulate the value thereof. and of foreign coin. and to fix the standard of weights and measures. All these powers smack of paternalism. but they are essential to the maintenance of the rights of the people and to the preservation of our Government. To provide a national currency is no greater exercise of paternalism than it is to execute any of the powers which I have enumerated.