Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-10-18
THE MONEY QUESTION
pk Discussed by lhe Bankers ConV:n'
ZION al Atlanta.
,., ,rI>i>sON AND MIR. ST. JOHN


.-f f< s.. Ga" tctVptI i'- '"N
.. BANKERS Association elected
to-day. T. II. Pulen, Of New
v.s chosen president and r.. 7.
1915. g Atlanta, was made vlce-presi-
.....rcs to-day were the speeches
" p. ST John. Of New York
r.a.rd Atkinson. Of Boston Mr..
,.- made a strong argument for
....isrd. and the opening Of the
tr 10 silver. lie IS one Of the
a.. ...- men in the association.
v. t.,lus u spoke first
....l the discussion 10y reading
..-.- apon practical suggestions for
..t.-.a ~ the monetary system. The
..-t was I'm the nature OF a suggcs-
t- the appointment OF com
r commission 20 cooperate with
.,...t.v, Department of the gov
...+ slppl,montei by practical hints
.. .rl.uiue the objects aimed at
-re.Ner said: Il need not say
. ..i,,s some way is found under
,.... laws FOR the withdrawal by the
...~..nt OF whatever excess of legal
..- -..- there are now IN forced cir
-.n .. unless Congress shall enact
.,. O.. that end. II present laws will
.. ..rrit thr Secretary To act. ali our
r.r.- ,o reform our monetary system
. r4 In that event there can be
... co-oprra lion between the banks
.. 'r, Treasury as | hope for ana
,t ..-s Il money corporations must
ITSELF until through recurring
.. .ht luaUCill crises. our country
-.ht To IN. font Of compelling
...l-.-~ 80 act.'
H. -a4sGhi existing laws were aie-
-. AND. as one panic had sIfhccd
, opinion viii sustain effective ac-
TIE WAY OFT
tr., way ont is simple and
t. ole Do concluded The TTea-
... r.av provide itself with gold 10y a."
bonds so as 10 enable H. IN CO.
...-.'nn with the national banks. 10
.. any possible demand Of the people
.. r- redemption Of government notes
..-t as hey are presented. IN that
....t 10 thr Noiume Of paper-mOncy is
4ut 10 viii he reduced 10y rr-
.It..r. f 90 is Not not redundant, II
.. .,ntluut ia circulation.
Three sales Of bonds have been made
v.. this in view. but tho inst two sales
not accomplish the purpose. because
:. notes redeemed ou the ore hand
r.- paid out ou the other. To- meet the
H..eucy iu tho public revenue. The
f...l sale has partially acComi ili>rci It's
.fpose. but not adequately. The rere-
p'Hte NO" 'i"'' u, wv, tNt'"''i' Ul' 'S.
VIM" o..
'., d, ., .r, ,', ,,,-ai-..5 -i,.,. .,,,.
.,.i - ,.,,, n. .,,,.,... -, f,,,,,,..
-, a., ,,,,.- .,,rs-r.,,. tt.r.eor
shall he given bog Coucr,
"A be-igu.us ia~ Therefore been made
n the only adequate ami permanent
-.I az removing our present 'li
r'a.f system ~ I'.'.'"'li- ~
N'' 'c'"'''"' "-''-' "'"N''
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