The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-01-16

|
would be as scarce here as it is
now. The First National bank, of Macon,
| probably has a circulation of nearly S1OO
600, and yet if L ever saw one of its bills
| L do not now remember the fact And
aside from the natural influences Of trade
! forcing all money to the money centers
| the same men who have procured the pres
| ent contraction will. when interest demands,
hoard quantities OF money for the same
purpose, while the country at large suffers
from the money panic
From these considerations is NOT +ba CON-
ciusioh unavoidable that our section must
| continue for years to do without the money
necessary 10 relieve our distresses unless
the general government will removA its
heaVy nand and allow our state banks bv
their bills, to supply the de1naud2 rho 70
nlohetlzatlon of silver viii be worth mill
iohS 10 our people in preventing an undue
appreciation of the value of meney. but
~ ~ alohe cannot supply the hundreds of mil
HUNS Heeueo TO give proper volume to cur
iehcy' Inc amount of greenbacbs and ma
tional pank notes, experience shows IN he
utterly inadequate to supply the nacecea,,,
demand, and there is no possibi1itv Of an
increase, and if there were we could orI,,
nope 10 get the little which overfovys +ba
boundaries after the more fortunate IooaIi
tleS are Hlled to repletion. A clIrrancv Ia
cal to a city and which is not current or
OIL IT. is great curse; but q currency 1o
ca 70 the state but which would not cross
the savannah or the Chattahoochea ri,-ar,,
would be great blessing Both E,roIon.
ana America recognize this prjncipIa II,
tEer subsidiary silver coinage which 10
purposely placed below the standard 10 l-aer,
1t at nome Tor home use Such a currency
wen secured would speedily double tho MOI.
ket value of our property, give ernnIo,,1,rp
IN abundance and increase was ana o.
livery stimulate every industry and enter
PRISE. without such currency there r1ust
~, De stagnatlon Tor a generation to come.
hi
that we will suffer from wildcat banks ana
consequent money panics If this vyera mn
aVoldabe, an occasional SpasIn is ia To r,,.
TERED to chronic paralysis But fha fac+
mat we have suffered from them in the
past, is reason why we should - ~
ficted with fraudulent banks in f,o f,,t,,,o
armed by experience of the defective foat
uFeS IN the former banking law We sho,fe
De able to correct the evil Banks c,-isT
thioughout the civilized world What ia
=; ;t'eIe pecular TO our people which makes
IL uhSaTe 10 trust them to orga0iza ba7l-g
or Issue? If national banks can he nd
SAKE state banks can be made eo4Ia!I,, CO
hVeh II we were to repeat the experience NJ
che PaSt' IL would not be an unInixed OWL
Tor under the old banking svsfe,, l,,,,. rl,',l'
rapidly and constantly increased in ,(5,,1
ana prosperity. Under the present e,,st(,,
even WIN promised Improvement. fhcv can
only look forward to long continued "nnan-
cIal Wretchedness.'' A q pA6,nt+
My friend, look herFI Won Know, how VII
that C'9rt tois 1youF we IS. and you know
why not be fair about it and Inv b l,,l 10y my
y CONSTITUTIONAL AMENDMENT
Corresponding Thinks the Amor,
fae"f Changing Sessions Dofpe.4fvo
Editor Constitutions I have been tbf,1,,
ing over the constitutional amendment asIr-
Gu by the last general assembly. cbareri,,..
each year to july '0l III
me act proposing the anendreent 60
Id1aiy oeIecuVe, and the Legislature evi-
IDENTITY only considered the question ~
changing the sessions from winter to SIM
hlef without rejecting upon the eorin,,s,
consequences OF the change in ite aceat
on other branches of the STATE oo(.a,r,~
nent 9o'eiA~
here are some nuts that L wish IN f,,r-
idsh Tor the people to crack. and as .thav
~ ttlol'I nine months in which to do so.
'1Ie' e VIII De no excuse for going wronz,.
/ Inc sase9 ito Of s aoie b the I@sI-i-
ture.
>. The term of the governor would be
prolonged tor eight months. This would vi
olate the spirit ana letter of the cOnstitu-
ton III the present case, which limits the
governors eligibility to four years contiuu-
g. The terms of all judges and solicitors
10 pc elected by the Legislature would ba
prolonged until july.
4. There is now no tax act for 1899 IL
the amendment is adopted there could he no
tax act for 1888 until passed by the IegIsla-
WouIa De some time fn August before
the tax act could be perfected and
passed. THIS would only give TWO or three
months IN which taxes could be assessed
returned ana collected.
o. mere IS now no apprOpTia ton act for
the year 1898 r. the Amendment is adopt
Ell there can be no appropriation act for
1898 until passed BY the legislature at tina
a e. OF l,A mart rff.g