Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-02-18
FUNDS FOR THE TREASURY.
Members of the Legislature Think Popu'
lar Loan Good Thing for the People.

II the entire city of Richmond were 70
be canyassed, says the New York Her
aids correspondent, ninety-nine out OF
every hundred OF its citizens would be III
favor OF the Heralds bill as the best
means to raise funds for the treasury
Department. I asked more than twenty
~ the members OF both houses or the
legislature their opinion OF the plan TINS
morning and failed to find one who dld
not manifest some degree or enthusiasm
In its favor Business ana banking ih'et
ests seem TO be entirely In sympathy win
the movement. In fact all Drahches oi
trade are Of the opinion that IL this course
&c adopted, II will create an educauohai
interest in the government when VIII
undoubtedly offset the many attacks
made upon the powers that be.
sneaker Cardwell, of the House OF Dele
go,es said. Eve have been so busy mere
mat I have not been able to see my Her
aid az often as should have liked TO. me
nil introduced by Congressman cum
mings has many commendable features
and the more | think OF the plan the
more feasible IL appears. The workihs
Glasses ought TO be given such n chahc.
TO invest their savings. The fault OF
most OF the legislation or the natlohai
Congress IS that It favors classes OIL peo,
nle against the interests OF the many. i
hope the Herald viii succeed IN us hsh''
MOST IMPORTANT.
Chairman H. II. Downing, Of the Com
r,ittee on Banks and Currency or the
House Of Delegates, takes great inter
est I'm national "a we'll as STATE legls-
ration. especially in matters financial lie
is very well posted. and knows away :
what he IS talking about. Wheh l caieu
IN soc hin, This morning he was ready 70
,a, me mat he thought it was a good
Man before | had asked him about H.
~ think that the plan OF financial legis-
lation To reach the masses Is one OF the
most important things Congress Will have
10 conscider during the present admins
tratiou. The proposed measure has edu-
cational features which cannot be denied
ANY bill which will tend toward creatil :
a vital interest in the government shouiu
receive most careful attention. the ten
dency of the times seems to be toward
class hesitation, and ii is condition OF
affairs to be regretted"
Chairman Taylor Berry or the STATE
Senate Finance Committee. has held MS
rositi)n ut the head OF that committee
with a degree Of success not attalie',
~, oiq nredecessc-s. 1.-THE idea boiled
/ n.
body n chance TO have a bond, II they
are able 10 buy any sort OF security 1
nave looked at the Herald every day
without missing an Issue during the
AGITATION OF this question, and l am
heartily in favor OF the bill being passed
The wonder is that this question mas not
been agitatcd before. IL is popular Iesis-
lation. and no doubt, now that Mr. Cum
mings has introduced the bill, 1t VIII be
rushed through both houses II has been
tried successfully abroad. and there IS
no reason why It should be necessary to
oelay action on such a law
Senator Charles y. Jones ~ consuitei
by his brother members whenever they
have a difficult knot to unite, and he has
the reputation OF being as well posted
as any man in legislative circles. Since
his apnearance IN the Senate. over ten
wears ago. he has always been considered
an authority on matters financial
have often thought" he said, "of the adj
visibility Of such an authority being given
10 the Secretary of the Treasury. II
would be impossible for such power 10 be-
! abused. and II would create confidence IN
/ the thought OF the masses that all legis-
! lotiou IS not necessarily for classes, which
now seems TO be a growing impression
all over the country in regard 10 thu
national Congress. The provision 10 place
! the bonds for sale I'm the post-ofiices all
over the States cannot be too highly com
mended. IL will avoid concentration of
| the bonds in the money centres, "hlcn -
now one OF the primary causes OF distress
being felt in the sparsely populated re-
eions. I shall await the action OF Con-
| gress with much interest.