Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-01-25
ADVANTAGES or SMALL BONDS.
would Tend TO Create Healthy Opinion %
financial Subjects Among the Masses.


A Richmond, Va. special to the Herald
says: Joseph Bryan, editor Of the Rich
mond Times, when asked his opinion Of
the Herald's popular lean plan, said eni-
phaticaIly: Eyes, the Herald Is wise In Its
small-bond idea. The issuance Of govern
ment bonds directly to the people. II 1t
can be made practicable. would have
many and plain advantages.
1T would tend to create healthy
opinion on financial subjects among the
masses. and would bring out money which
would otherwise remain hidden. II would
give the benefits OF government credit 10
the many and the credit OF the govern
ment would be strengthened thereby.
The Herald's plan is wise and just
In principle, and II should be made prac-
teal"
OFFERED SIMULTANEOUSLY.
W. ID. Chesterman, managing editor
Of the Dispatch: IF the governments
necessities compel II to ask other loans,
l should be delighted to see the Herald
small-bond plan carried into effect. Every
holder Of a government bond feels that
he is a partner In our national concerns,
and this makes him a more vigiiant citi-
zen.
Resides, I think these small bonds
would bring out Of all stockings ana
other hoarding-places some millions or
money whose foolish owners are dis
trustful Of all sorts OF banks.
''One OF the things that makes France
the great power she n despite the many
misfortunes that she has haD Is that so
large a part OF her population are holders
OF government securities. Let our next
tan 90 IL h.. 81 m "A
and provide also that they shall be offered
10 the public simultaneously In at least
one city In each State"
The Richmond Star said edltorially to-
day: THE New York Herald's idea for
the issuance OF a loan I'm bonds OF small
denominations is meeting with hearty in
dorsement in different sections OF the
Union. The scheme is also approved by
| number OF congressman. Since the issue
OF bonds Is n settled fact we think II but
Just that the men OF small capital should
have an equal show with the millionaire,
comparatively speaking. in the profits TO
accrue from Secretary CarlIsle's action"
DECIDEDLY THE BEST.
W. s. Copeland. editor OF the State: IT
think the Herald plan OF popular loans Is
decidedly the best have seen suggested
Secretary Carlisle says that bond issue
IL necessary TO preserve public credit. /
am opposed TO an income-tax for reasons
which IL is not necessary to give here
and | am also opposed to an issue of
bonds except az an absolute necessity in
meeting the demands OF the government
Il believe the Democratic platform
should be enforced by the present admin
istration; that the tariff ought to be ad-
justed TO a revenue basis, SO as to receive
sufficient revenue from that source to
| defray the expenses of the government
economically administered This should
be a government OF the people, by the
people. and for the people
I'm such an emergency as this the gov
eminent should appeal to the people at
large for relief. On the other hand,
think that II there is to be any advantage
- anybody I'm the bonds thus Issued that
advantage should go to the people as "A
whole rather than TO any class. | am
always on the side OF the masses as OPP
| posed to classes"