The times. [volume] (Richmond, Va.) 1890-1903, 1896-12-22

These seven cities have less than $4,000
Inhabitants. We fnd then. that 100000
OF the people OF the staie-those who live
in the citics-have Sf.7sS n6 of the bank
resources while / ia5 900 OF the people
those who live 500 the country only
S50-S392 TO do t.eir business with.
These country people In Virginia think
shat this condition is an outrage upon
them. They rightly hold the national
bank act responsible FOR 10. because 81 is
suited only 10 the commercial ccntors
and draws everything To them. leaving
The country denudod. and th.l feeling Of
outrage is what caused them 10 cast the
vote they did cast in the recent PROSE-
dental election. They are not Do love
with silver but they are being stnnfled
and their act on was % gasp Tor breath.
a CASE Ar POINT.
But the case ls not stated even yet
There are great districts ln Virginia.
larger than several OF fhe States Of the
Union. where there are no banking faci.i-
ties OF any sort whatever
Tho valley OF tho James river from Rioh-
irond city 10 clifton Forre-more than
thrce hundred milestone of the most fer
Tile valleys in tho loni. has not a SINGLE
b'hk' except at Lynchburg. and a small
one at Hrrh1nau
Tn 1870 tfis valley had banks with To-
tourccs. amounting 20 SSl2lw See Doc.
~ virginia LEGISLATURE. 5000 People
living in 10 could mn got banking accommo-
cations then. lmt they have ABSOLUTELY
mono row I exclude Lvrchhnrr I'm this
statement. because 40 figures in tho cities.
No' can a corntrVm0n ret any bank
ing accommodations ~ anv sort. The
national banks act concentrates an tho
banks IN tho cities arl their managers
do not know tho farmers. 4 farmer
applies 10 n national bank FOR "a loan and
j. told th0t the bank has no money. This
means that the president don't know
The farmer; and though he may have
larre means he can borrow nothing r.oro.
VIII relate am instance that came with
In my own knowlodcc Several years
back WHOM ] was Conlgctinr the Htira-
lion Tor Nirciuia's creditors over her to,-
receivable coupons the treasurer Of Taqe-
well county and his suroties. who wore
citizens of Tazcwcn county. applied TO
me 20 get them tho opportunity 10 nay
what the treasurer Who was I'm default.
owed The State Ho owed about SiO.n10
farewell county IS one Of tho most fer
tile bluc-grass-err zirg region in
the world Tho troosurer's sure
ties owned Great deal OF
this grazing land and many horses cattle
and sheep. They We're represented TO me
and We're worth more Than 100000 Sis
with which 20 pay The liability but There
was no such sum or mo"er in an Taze-
wei county a. n had 'lr cleaned with
rake They an made 'rt note: ana
/ tried 60 raise $4,000 .n the city
on Richmond. but no banker would even
entertain the prOposltiCr. They had 10
money-that 49, they did not know the
Tazewell county farmers II Tazewen
county had been allowed her local banks.
whose managers knew these men. they
touid have gotten The money without
difficulty
An examination OF the condition OF the
3fanch OF the Farmer bank OF Virginia.
a. bleckshurg for 1890 as Il is shown
n the document referred TO. brings out "A
curious fact. Eiacksburg is In the same
legion as Tazewell county. The country
superb blue grass grazing one. Tho
,ank had capital OF $50 900. II had ont
iotes for $li5 "a against which II held
2 .ss5 Of specie; Il had so 90 OF surplus
ind. yet 1t had deposits amounting 10