Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-31
President Corbin Discusses These SUD.
jscts Boldly IN His Annual Report.
THE BOARD ELIMINATES 1T.
Opinion Held That No Political
Question SHOULD he Treated in
omc,nI paperx-A Movement for
Uc.tcr Ronds-ynmiEratio

Colonel Buford offered the following res
oiution which was adopted: That so
much OF the Commissioners quarter
" report as referred to the dis
cases OF live STOCK be referred 70 the
Committee on Live Stock and Dairying.
Major Gaines moved that so much OF
the Commissioners annual report TO The
Governor as relates TO the State Weather
bureau De referred 10 q special coHf-
niittee. This was rejected
Commissioner Whitehead's annual re-
port was read and adopted.
The report Of Chairman :. W. 'oruih'
OF the Farmors Institute acid at Ma
nassas. was submitted TO the beard ana
was referred 10 the Committee on Fuol-
cation. 9
The president % The board. hon. ,.
" corbin then submitted for the con-
sjderation OF the body his annual report
10 the Governor. The report urged ina,
immigration should be encouraged ana
that acceptable highways shoulo "e con
structcd and maintained throusho"' '"'
entire state. we cannot nope to Sc
crrc the better class OF immigrants the
report went on 10 say, 'unlh We menu
our ways Ia many respects
He DISCUSSES FINANCES.
,r,,, r,,,ort a. presented dealt at length
with the financial issues OF the Day In
regard 10 this subject Nj Corbin eN-
presses his opinion as ioNows'
"No Agricultural venture can SHOW =
,roft. n conducted on borrowed capital
M s per centum annually. ms u
the rate the average farmer has TO pay
when ne borrows money. Accumulated
capitai must accept lower rates oil m
terest; dividends must lessen their ue-
monGs. or Az Of the profit In the pToduc-
ton Of new wealth viii be lost 10 inc
rroducer. Fixed charges and salaries re-
naming unchanged. the producer notes
with suren discomfort the yearly SHRINK
ace in value OF his product and apnre-
elstes the oblect-lesscn Of giving oouuic
and treble measure to meet an ophSauoh'
which. when contracted a yew years
back. could have been Cancelled by on,
measure. instead OF two ana three am
four. and often FIVE measures 10" u'-
manded to liquldate H.
Economic relations must ADJUST iHem-
selves TO the cxigencies Of ths times ~
,hs brsach that now separates the hoic-
eys of accumulated wealth and the pro-
Queer the workers, tn developers Of the
uation's resources. will widen and become
a gulf that nothing will bridge save py
concession To equitable demand, or ulu-
luately. by the sacrifice Of human me-
resulting ia anarchy and confusion, or an
equal eu-established legallzcd tyranny
creating a class OF American peasants
held subseryIent and submissive 10
moneyed oliglrchy.
As a PRIVATE BANKER.
ITO anelerate these conditions the
Federal Government should cease 10 do
business rs a private banker resume ts
L. Ultimate functions Of the coinage o.
botn gold and silver. charging Tor TINS
service adequate and sufficient seiSnlorase
20 pay expenses, rehabhltate SILVER ~
redeemer. money; remove the tex upon
state banks. thus encouraging State en-
actments. establishing banks Of issue
based upon available coin and creditapi'
federal State. and municipal oollsa
tons. the Federal Government retain
inc the power TO examine ana declare
what shall be proper assets upon when l,
base circulation and what The ratio ol
issue To assets deposited, when asseH
shall be held in the vaults OF the tnlte'
States Treasury. 10 secure note-holder'
against loss, and thus enable the notes l,
circulate wherever rendered Make al
imrort duties payable in gold.
..With all Of the vast resources OF thl
vigorous. prosperous, and phenomenal.
wealthy empire will any one deny IN
statement that If IL WAS forced 10 IL
ouidate its obligations IL would DE pre-
clpitated into what il commefciaAy &C
cepted as bankruptcy? To avert I'M
disaster do we now not trade ana barte
our credit ard our resources 10 the hol'
els OF foreign wealth, appealing 10 theh
with humiliating adulation and syco
infancy TO continue their good oihces d
allowing US To ho.d intact "a reserve o
gold. while we at the same time trem
h,inglv concede all ana every eNactio
their cupidity may impose, ieariul les
they might withdraw their support an
with il their gold? Who viii deny ina
the United States Government now man
tains rs paltry hoard Of one huncled mi
lions Of gold 60 secure Us paper issue O
q billion of obligatioiO AT the suiieranc
and viii Of AN alien foreign consreea
ZION OF money holders? or who wi
further deny that IN event Of war O
under the pressure OF a general deman
for redeemer money, he Governmei
could continue 10 pay its obligations /
god?
FAVORs SMALLER BONDS
IF circumstances demand the furth'
issue Of bonds make tn,m OF the demon
nations Of $20 $50. $lO0. and 500, an
give our own citizens an opportunity
purchase them Bonds OF such denomln'
lions would from time 10 time becon
circulatihg medium, often relieving
sudden strlnsency in the market, al
many Of our people would prefer them
gold. even 10 hoard the latter bearing !
interest unless parted with
"Our people have an abiding faith an
confident be lief m the ability Of the Co
ernrent TO meet it's obligations. and WI
accep; as medium of exchange almo
anything. provided IL has thc stan
of the United States Treasury upon
III more regard was shown 10 their NJ
iionai pride and sincere loyalty and le
attention gwen 10 the dictates OF avari
and selfish schemes OF interested cor
b.nations the finances Of the natl.
would rest upon Il much more satsfa
tory and independent basis than at pre-
ent. Thus, with silver rehabidta1ed
redecmcr money, tarifi for revenue on
and q prudent judicious recognition
local wealth upon which 10 base a ci
cu.ating medium, We might hope FOR !
newed prosperity in this sood land
which God has allowed our lots 10
cast lie; US be true 10 Him and tr
20 ourselves, and we will cease 10 be q
slaves OF tribute payers to alien master
II Is true that these changes from 9
isting conditions would make no prov
sion Tor the accumulation OF a hoard
gold on the part OF the Government, he
as now. available TO meet the needs al
necessities Of brokers and bankers "
have 10 pay foreign obligations. This
not q duty or function OF the Unit
States Government Let these people 9
The gold they need elsewhere than fro
-
CiAkVlNG won't cure by;
- pepsia. You need nourisl