Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-12-23
Ranking .,,ren,stton.


Those printS that are taking note 81 the
cond,,Ion of the circulation Of the county
the bankinr clre.ilation--and oi tue forms OF
goyarnment credit are cllimng that somc-
thing fprtner must be done IN these matters
or great disorder and loss cannot be ayerted
lonr The New York Daily Bulletin says
The legal provisions for the present cur
renev. which lost their force aud purpose
when the emergencies al war had been met,
and when tho necessary market Tor Govern
men, bonds had been formed lforced we
should saw must be gradually rem0uclled 10
r,cot the renuireuculs OF 2 new epoch. 20
comply with the principles OF tuance' which
have since been recognized, ana 70 serve
present aud future purposes ~ they have
served tae purposes Of the past" Wnst
pastf (The past no doubt, Oh commercial
STABILITY in peacc.)
The writer made points In regard 70 The
very conditions aud exigoncies OF the cur
rency ABOVE alluded 10 - necessarily 10 arise
out OF the governmental system OF u IN sun
drv articles whIch were published Ia The
Dispatch some four or i've years ago. The
Bankers Eclectic. OF Washington, u. G.,
copied the Bulletins articles with compile
meptar7 references 10 "a. We claimed lhat
the ioly OF Government was exnihiied m us
meJdling with the credit or hanking cifcu-
lation ri commerce. aud TINT 1t would surely
some day burn IT, own fingers al u. Neaay
20 stu. And We say that credit and ne iorms
Of maintaining Il for the uses OF trace ana
bushes. belong to Tree commerce. ana - m
dispcnslbly privilege Of public utility ana
notof Government
Wc ak ihsr tis he Doted down. Time
rincns the fruits Of evil. as well - OF GOOD,
and ont 81 their results may we discern lbe
permaueuce Of Uriocplcsand The wl'dpm on
experience. Unnappil! for IL the eNltit-
encv OF the hour makes convenience p'9u>ioN
and custom llw. Every storm that visits
society or toe safe gives birth 10 ne" de-
vices that scorn the principles OF e'ohonil'
truth TIL the rays OF the solar lieh. must he
CHANGED 10 meet new conditions Of suppose
public needs. Surely something must DE
permanent "A the right Of selidcienca ana
the freedom ~ credit and commerm
utilities, and unless puOllc unlcy IS 0mui-
present no agency can devise so wen or SO
iu>tiv what will best answer the needs OF '1c
hubble IN the matters Of circulation o. society
itself.
Absolute certainty e beyond the wisdom,
and indeed beyond the needs, o. man. Il.
would remit his diligence and cau-lon and
dive.t hiu Of gratitude.
Teople that look to this sort Of millennium
will never experience il. and the very recd-
thew are pleased 10 lean on VII prove d,.u.
sive. Let the Government take it, hands OF
Of the currency and banking questions ana
they will take care " themselves.
Have We not Just quoted lbe remark That
the cxigency Of war bad Obliged the Govern
ment 10 force a market Tor its hond~i and ],
II not plain TINT ~ thus forced ihe public q"
piy =, 8, and 10 per cent. for money While %
was getting It al half that price VIII no net
Ter securitlesy
Thi. exigency Of The public has been en-
drred long indeed, mu.h TOO long Tor ih0
nations good or Tor any needed sacrifice
from them. The question T. nat cfa polt.
cal character and should not be lucsed bio
That arena. Itlsa matter FOR scientific sol1.
ton. The 10 per cent. tax on Qtaer cir.uIa-
lion than us own * Government fraud on
the rights 81 trade. a..