The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-29
CRY FOR MORE MONEY
IXPLiJNID 10 LNGLTSHMLN BIZ
Mr.. yHOUIS q. SHELRMiN
Through the London Iimes-How Amtri.
Bsnks-irce silver a Deiusion.


" Alr. Bryan would be national l-saa-
ter. For his muln object, as nc con-
stautly aNOHs. j. 40 open American minis
10 tbs free coinage oil silver anu 10 mako
such coins a legal tender Tor an debts,
past and future at q ratio which would
al once make Us monometailists, with sil-
Yer as the only standard. Why does this
proposal excite such enthusiastic, uurca-
sJuing and lanatical support among q
class of men Who, ia other respects, axe
only TOO conservative and slow. a state
mcnt OF the situation viii give the best
answer.
American farmers and planters are
scattered tliuly over an enormous tergi-
tory. a vast majority not Oul. have
dealings with banks Oh deposit and disc
count, bus 10 not understand the nature
oil such transactions. I'm the south and
West 10 l- quite common 10 find nlncr-
Gus populated districts, each larger than
Wales, and some nearly as large as tus-
land. iu which there ls not single bank
OF deposit ln most ol the agricultural
ID-lOus Ulcl of tAe North Atlantic states
payment Us ,Aeqle is practically uu-
known. All transactions are settled
either by payment lu paper money Oh Dy
.DaQL accounts.
- moments reflection Will show that
u is literally impossible that the cnor-
ever Do paid llr lu either coin or pager
money. There never Wa, ANA never
VIA De, enough money Iu tle county
10 ~ iog lut Oh crop, while tNo-tllrAs
cf aA the coin and paper money is and
mu-t he kept lu bank vaults. the banks
being compelled 1y law 10 keep on hand
from j. 10 - per cent OF all their !lA-
b.lucs boz coin or srDeubdcks In the
llr.- towns the gradual evolution oil bus
mess has superseded actual money ls
tle use off cheques. I'D which more than
unctelfl5 of al transactions are set
tied. But the farmers have DO cheques
and lD lanA accounts. Nearly all the
money is absorbed 10y the towns How
shall llelr crops he sold and paid for!
Iu answer 90 this demand. trade
evolves the country store AZ each
crossing OF tAe high roads IS sure to Doe
planted The "crOss-l0ld- store Of which
fIe business traveller VIII hear in every
direction. Here. a. slrewd manager. "ltn
small capital. good bank facilities, ana
plenty ui local knowledge. is ready TO
sell 90 each farmer on credit. Lach
farmer opens 3D. book account with oue
Ot these stores. lie ls lucky II be has "a
choice between three OF them. But they
all charge the same prices. give the
same credit. require the Same security,
~ d. ,,lt-f
i-' .''. 80 ff. ',-.~...i.,..,,.,. ar ,,,,,.s
...,,f s,., other purchaser to settle at
,i,, ..,r. gr.,ift n ri,sn from one an
uual crop 90 the next Ia consideration
of ths credit and the risks involved.
tie storekeepcr has TO change prices
Wlich include interest and insurance,
roughly calculated 20 not less than -
l'- ,'".', 'N --'..'.-, =. W. h.
i''a" vi. o- '-.., ~, ~. ,,s,,oitv lo,.s
-s .''o f.,,.,.,' ,narlsef prioe
F'' ~, .-.--,,,,ts and fxos the
.,. mis-
i'--
I'm tnis manner ny l"I 'li' ''' o.'' SO ,'..-
OF the pa-A-eouH-i9 lt-lilo' "''o
ana Soil. OF course '-'' .i" '5' N.'
lnc dearest liAl N.' anu l' a.. -
eal. IHey no. lH i"1'' 81 -, '....l
at iue cips7-loa al1i''' 4.' " 0''i'''
costly manner, pay ii9 'i'9- PM
bankers interest ana coiiili.i.sio-'s '.l .'-.
rate OF 90 TO 40 pee cent. 4ho'e lii =
whe only pay ~ per cent 5loM P.0 -
ousi ihose WHO pay '' ,''
Hn5 pay il are eFe"lu'I''
Millions oil farmers il'' ''i ,'''s ,-. a.,
know 10, ana arc "li''''-"' AZ
hundreds OF t"odsllil7 5lo" ',. ~ 49,
C0nIeutel. bdt t-t oAis lel'l'D' ~ " .''.
they have inc sii.lii',1 'o'i-- ''0''
increase ihe volume Oh i"o''' ~
extent that it sh-l lood lhe ""o'o o. -".
Try ana entpl' ll...I ~ '-'.,..,,,,.,. ,ri..v
actual cash. p'i" ".los '' y. d"~. in tbis
believe t"". cay -. .i,,,. ,.. ,l..-
MANNER a-t l''F ,1''." . 80, ,,,.s,,-
liftd oI JUS. f'.Fil'-. ~ -. ,.l,..f,
rous financial co"7i "'t ''' -.