The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1894-04-04
no reason today why the bankers of
Charleston should not be as Intelligent
and honest as their fathers or them

and honest as their fathers or them
selves were before the war.
This talk about wildcat currency is
absurd. So swift are methods Of com
munication today that bank would be
compelled to redeem its issues OF sus-
pend in a month. Nothing but gocd
bank bill would ever get cut Of sight
of the bank.
The advantages of the private bank
bill are as follows:
1t can be based on gold reserve,
whereas the silver dollar will depend
on its on value.
It will diminish the press sure on na-
tional money, and thereby permit the
Government to resist Government In
fation.
Il will supply local want within a
circle in which it performs every tunc-
tion of money.
It will serve as stock for local loans
on property that has no lending value
in the great centres, but is thoroughly
good security.
1t will not be congested in the great
money centres, but will be confined
within the several States.
All objections to it as local money
can be met by State regulation, and
there Is an abundance of national
money to supply all the wants OF ma
tional exchange.
The system of State banks is opposed
by theorists who endaavor to secure u
perfect money in every respect regard
less of political conditions by those who
wish to control al loans aud by those
who believe that national currency
system is the only safe one. 1t IS op-
posed no less by the silver kings aud
miners who see in it no opportunity to
sell their products at an inflated value
by those who want paper fat money,
and by those who want the Government
to take all business into its hands
& word now of warning. There are
many who wish to secure a safe inan-
ciaI system and will join conservative
forces to obtain it. But they feel that
the, present condition of affairs is not
just to the producers of the country.
Pnenominally low prices and the want
of a supply for loans have combined 10
run the farmers tn the wall, along With
many others. They are determined to
have more facilities Of some Kind for
loans. They will take good morey If
they can get 1t, but bad money If they
must. If the question narroWs itself
down to tho issue between the present
system and free silver the masses will
take the latter every time. Aod the
masses have lots of votes.
The capitalists of the North have the
tfoy ",
Can effect compromise on free bank
ing. But if lhey blindly set themselves
to work to thWart every change they
will find that they may be oVerwhelm-
ed in the deluge of wild financial
schemes. If they refuse to accept bank
bills they will be forced pretty soon to
take something they detest still more.
A recent writer IN The Forum has
shown that the silver agitation 10 Col
orado and other Western States has be-
come craze. The necessity Of the
South are driving its people to ally
themselves with the advocates OF more
money, whether pa per or silver. La
South Carolina thousands of rock-rio-
bed Democrats who have no use Tor the
Ocaia platform unite in its demand
tor silver, because It seems 10 % Cne
only practical way out of tho desert,
Let them see that there is another and
a better way.
a 1ew Congress will be elected this
fall. Unless Mr.. Cleveland and his
Immediate counsellors make some CON-
promise they will be pcwerless hext
year by veto or any other way to con-,
troll affairs.
There will be either free banking or
free silver in the near future. Let cap.
itilists take their choice. The political
situation grettly modl6es the financial
problem. It is wise to d. the pest one
can, and to do it when one can.
r. mEANS DAVIS.
South Carolina College, Columbia SC:
March "a, 1894.