The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-12-29
the year OF 1879. when we had both gold

the year of 1850. when we had both gold
and silver.
Since. In 1870, we We're ON a green
back basis with neither gold or silver,
ana In 1880 and 80 silver had been de-
monltized. He showed that In 1860 we
had one dollar for every $37 worth OF
property. That by the census of 1890
anu at present we have only one dollar
ior every S45 worth Of property. Tint
II we should increase our currency to
make 1t bear the same proportion to
property as existed in 1860, we would
have to add to our currency S305, OIL ,l6l.
That if the greenbacks were retired we
$G9 worth of property. He showed that
this would result In great depreciation
OF prices. He stated that the censua
showed that the entire taxes of all kinds
collected In the United States amounted
10 81 ,oi0. 100000. and that II the green
backs were retired there wouldn't be
money enough in circulation to pay the
annual taxes I'm the country. He showed
from the census that the Indebtedness
of this country, public and private
amounted to $50 o227, 100000; that the an
nual interest payments in this country
amounted to $l,116, ,00O. 600; thus that If
the greenbackS were retired that the
annual interest charged in this country
would be far In excess of the entire cir
culation.
He argued that this meant continued
falling prices, bankruptcy and paraly-
sis of business. He presented the nee
essity of making the currency of the
country correspond in quantity to the
value of the property, the amount of
business, the taxes the annual payment
of interest and the Indebtedness.
lie showed how the present currency
failed to correspond in these respects.
The Republican HEnnd Seem.
For some days there have been ru,
mors to the effect that the Virginia Re,
publicans possibly through the reorgani-
cation recently effected had taken n
hand In the game which resulted in the
be reappointed on their former good
committees. There seems to be but little
reason to doubt that this is strictly true
Representative Walker succeeded Mr..
Jones on Rivers and Hnrbors. and al
though there are no water courses In his
district and no appropriations are ever
made for his section yet the Itepubll-
cans are eager to claim the credit for
whatever sums are appropriated for the
State in this Congress.
IT is further intimated that Col. Will
liam Lamb personally requested from
Speaker Reed the removal OF Mr.. Jones
from this committee, claiming that MIR.
Jones was neglectful OF duty In look
ing after the appropriations for Nor
folk harbor. and to some extent respon-
StDle Tor the l1llure last year Oh 1ne
appropriation to deepen the Norfolk
channel, but l have never heard of
this before.
In the case of Mr.. Tyler there is no
doubt that the Republicans have never
forgiven him for defeating Mr.. Bor-
land. and when Mr.. Edgar Allen and
others advised Mr.. Borland against a
contest 1t was with bitterness that
they selected another line OF action.
In this matter, TOO. Col. Lamb claims
credit for Tyler's removal from the
Naval Committee having pointedly re-
quested 1t from the Speaker Further,
am informed that within n. short
time n resolution Will be introduced in
the House, asking for n Congressional
investigation of the last election in the
Second district. and this will. no doubt,
be granted by Mr.. Reed. who about this
time is doing all In his power To charm
and attract the Virginia Republicans
Mr.. Tyler has appointed as his MEM
bers' clerk Mr.. II. Nelson Conrad, of
This city. Mr.. Conrad is the son of
Professor Conrat- late of Blacksburg
College, and Is we'll qualified for the
position.
Virginia Personals.
Senator Daniel will go under the Sen
ate reorganization on the following
committees: Judiciary. Public Build
ings and Grounds, and Revision of the
Laws.
Senator Martin will, in part. represent
the minority on District Of Columbia
Claims and Indian Depredattons,