Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-02-08
NIRG1NIA'S GOVERNOR THINKS THE
HERALD'S POPULAR LOAN Sue
GESTI0N SIlOi-I.D BE ADOPTED.

fifN tlltEltIiu 10 liF n'lHiN-'
RICHMOND. VA. February o.-Gover-
nor O'FerralI. when seen hy the Herald
correspondent II the Executive Mansion
did not hesitate 20 indor-e the Herald's
plan Of a popular loan. said ne;
This is "a deep question. which should
b. fully cons iIered before ones views
are freely expressed. ! have not given the
matter mature thought, but after reading
the Hcralis editorials he scheme strikes
me as a good one. II ttere Is a necessity
for bond issue. and ! believe there i'.
certainly the issue OF small bonds WOMB
be- an advantageous policy. Such plan
would put the bonds within the reach Of
the working classes. and give them a
chance 90 become more closely identified
with the interests and welfare OF the
National Government They would feel
that they are part OF The government,
and II would stimulate their interest
and induce them 90 feel a deeper pride
in the financial operations of the GOV
eminent. / believe national debt is
n good thing for the country. ana the
floating OF small bonds viii. ] believe
be "a good thing for the government -
well as the people / am not an advo-
cate for the monopoly of trusts and
syniicates. and to put the bonds where
the people at large can get AT them
appears much bette plan 20 ne than
10 permit them 20 be taken In exclusively
by spectators"
Will. BE EAGERLY TAKEN.
J. ". Whitty. manager of Bradstreet's
in Virginia. has been strong advocate
Of the popular loan plan ever since the
Herald first advocated that method Of
restoring the finances Of the country. lie
expressed The belief that If the United
States Treasury will issue the bonds in
small denominations they viii b. much
sought after by the masses and VIII be-
come the property of small purchasers.
who. for better use If their money
now place 10 In local savings banks. Hn
says The Issue would prove an immediate
success and meet th- same popularity
as aid The French loan. he says a large
| amount Of these bonds would readily BE-
! taken In Richmond. whore there is at
| this time a larger amount of money de-
! posted I'm savings banks and Invested in
! building fund companies than ever be-
! fore I'm the history OF the city.
William u. Cullingworth. q prominent
! politician here, and postmaster OF the city
| Of Richmond. was much pleased with the
! Ierald's plan for small bonds. You may
/ quote me said he. "as heartily I'm favor
| OF the scheme Tor ! do not hesitate 10
| say 30 Is hv far the best plan for the re-
| N'f Of the people | have yet seen. The
/ Herald struck % popular key when that
/ great paper decided 10 advocate this
| scheme. The trouble now existing IS IN
| TO small measure attributed 20 the fact
! that too many people fail 20 take an in
| terest = the governments welfare The
! popular $)dn plan would take from the
! very start ] have no doubt OF H. and /
/ should like % purchase some OF the bond $
! myself. such plan would stimulate
| the humber classes Of citizens TO renew
| their interest in the welfare of the gov
! ernmcut, and in.pire them 10 feel that
! they are factor in It's operation. This
! is not the first time the Herald has taken
I lead in wise suggestion for the well
| fare OF the public at large, and you will
| find that large number Of the soundcst
| men on financial matters will agree heart
| llN MIfh tho nnniilar Ian nIatl