The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-01-31
THIRD EDITION.
Eankers. Brokers and naainess Men Say
10 Would Encourage Tariff and Econ-

Eankerr, Brokers and rsasiness Men Say
10 Would Encourage Tariff and Boon-
smy.
From the New York Herald,
WILMINGTON. DEL, Jan. Goth, 1854
The movement of the Herald in bshnlf
OF popular loan to be tioated In
small BUNS among the mass OF the
people Is heartily indorced by leading
citizens who have been approached
upon the subject, aud the scheme lie
hailed with universal appreciation.
Bankers, brokers, business men.
editors and others qualified TO speak
upon the subject regard the matter OF
popular loan as only another OF the
many steps taken by the New York
Herald for the nations welfare, and
the plan Is com mended on all sides.
George W. Bush, OF the firm OF Bush,
6one Is Co.. snld:-"I atm In favor of
the Heraid's plan for the establish.
tnent OF a public loan and look upon
Il 40 most excellent one. II will On
courage the people TO economy aud
thrift and tand to increase patriotism
In the government l believe In plac-
ing the bonds within the each OF the
people"
urer OF the Equitable Guarantee and
Trust Company. and one of the
shrewdost tinanoiers In the city. said
1.-The scheme of the Heard has my in.
dorsoment and | look upon II as en-
tireiy feasible one. 1t stands to reR
son that the people will be benefited
by popular loan In denominations OF
$50 and such mulliplles thereof as do.
termined upon, bearing a reasonable
rate Of interest.
The more government bonds are
distributed among the mass of the
people the better. 1t will encourage
economy. promote national patriotism
and create an interest In the welfare
OF tho nation never before enjoyed by
the American people,"
NATIONAL BLESSING.
Daniel W. Taylor, head OF the firm
OF Heald u Co. bankers and brokers.
who have one of the largest real estate
interests In the State, is in favor of a
popular loan oil the ground that II
will place the securities in thu hands
OF the people and prove national
blessing. Mr.. Taylor stated that the
benetits derived by the worklngman
from the distribution of euch bonds
would be unprecedented, In vlew oil
the fact that II would create safe
place Of Investment for his savings
mako the government his debtor and
Increase the loyalty of men toward
tns nation"
Mir. Taylor was a member of the
National Board Of Trade, which closed
Its meeting in Washington last week
but not until 1t had indorsed the Her
aide suggestion in behalf or the loan
bill
John s. Ro.ssll. OF the Security
Trust and Safe Deposit o., Is another
VI the many who approve OF the bill
Introduced by Representative Amor
Cummings ut the Herald's sugges
ton Tor popular loan. Said Mr.
Roseell:-'Any movement for thu
peoples welfare Is indeed blessing
and ! look upon the plan as an alto
gother practicable and perfectly SAT,
policy for the government to pursue
Aside from it's popular features aaC
the fact that 1t would make the gov
eminent the peoples debtor, 1t would
also encourage thrift ami economy
and place in the hands OF the peopl,
securities which could always he read
Us realized upon.
Il believe II would stimulate trade
and create a national swings bank
FOR people whose fear of fanuled dis
aBter has prevented them from placin!
In circulation money which has besl
boarded at home and secreted In vault
most dangerous blow at the variou
channels OF trade"
Francis Il. Hoffacker, director O
The National Bank or Delaware, in
d0r=es the plan ard believes it woul
be national benefit
sTEESGrHEN CHANNELS OF TRADE.
willard Salisbury, son OF the lat
Chancellor salisbury. . large stock
hnidet in the Equitable Guarantee am
Trust ompany a well known iawye
whose name ~ prominently mentlone
for the Cnited States Senate state
Ioday that he lad closely fullOwe
the plan OF the Nav York Herald for
popular loan, and believed that tn
passage Of tho bill would be u bless
ing for the working men and the pool
or oHsaas. 1t would also serve 4
strengthen the channels OF trade an
create a national place of investInsu
No sDitu that lla rpsDtrpaa ri IN