Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-03
Ranking Systems.

Theoretically, the banking pus'"eS'
ought N no divorced from the govern
ment: and SO the wilmington IN. VI
Star has had a word to say on the suo-
feet. That paper says that there u q
growing sentiment in this country 'ha'
the government should confine itseh "
its legitimate sphere OF coming the goio
and silver which may be presented AT TIC
mints. We quote:
-. a,,,rcerent of the banks and the
government presupposes the apoh'ion "
tho ratJopal-bank system, or such revo-
luton as would make them pracucaiy
state instead OF national banks ioi
while they are national in their character
| tbev must be governed by legislatio"
national I'm It's character, and that keeps
IN the connection and makes these pahhs
a factor in Congress.
"The thing that has been Is the thihs
that shall be-" However satisfactorily
the State bank, system might opera'e ~
time of peace. II would tumble down De-
fore the necessities created by wal
The old State-bank system Is no" uah'
landed TO the skies by persons who desire
to have a new State-bank system es'aD.
lished In Virginia And yet 'hal ''-
s,ate-bank system was legislated out VI
life-taxed out Of existence-because '"'
necessities OF the National Government
seemed 10 demand a system oil 'ha'io""'
banks. So we may denounce ha'ioi'''
hanks as we may. and substitute S'a'e
banks for them: but all this VIII not
nrevent the National Government from
tax,ng the latter out of existence wheh-
over the wants OF that government shaH
seem TO render 1t necessary to DO 500
The Star appears to concede that the
present national system seems 10 DC
the only system practicable, unless ne"
system of State banks shall be es'ao-
lished. But as we have shown o'"'e
banks are unreliable In certain periiouS
times Nevertheless. large por'oii Va
the southern people, and especially OF the
Democratic party In this section, anu
not a few expert 'nnanciers In the Nor'"'
are In favor OF a new State-bahk system
The people have notion that such oahAs
will lend money upon better TERMS IMAM
ara granted by the existing natlonai
hanks. The Star tells in the foiiowihs
paragraph what its followers hope LOT
We quote:
"There Is but one way out OF TINS preulc-
auent and that is by getting back withln
constitutional limitations, and lettlhs
the government attend to It's business Vi
coming the gold and silver that may "
brought TO the minis, as Il did up TO le'S'
without any discrimination against elthei
metal. thus supplying the people wiz,
the metallic money they may need' anu
letting the bank-notes be Issued ufluet
state laws. as they were up to the time OF
tho establishment of 1.-The natlonai-hihh
system. which in its inception was III
tended TO be only temporary. THIS Is tle
orIv way OF effectually divorcing the
government from the banking business
and Is the only way Of effec;ually settIihS
the financial question. which VIII AWAY
ne a subject of national agitation WINE
II remains in the arena OF national poll
tics or national legislation"
We arc afraid that our Wilmington con-
Temporary will never see its wishes iui-
filled. II the national banks possess
the power which they are credited WIN
by the advocates of the now proposed
system. they will never consent that
system of State banks shall succeed their
system.