The times. [volume] (Richmond, Va.) 1890-1903, 1896-11-29

The Washington correspondent OF the
Baltimore sun sends that paper the ioi-
iowing from Washington:
one Of the leading business nien -
Richmond, Va, who was also So
money Democratic leader ia INC
campaign, Is now in Mashille 'o"'
has made a careful study oil the eiioe'
- the national-bank system in the cii-
ferent sections OF Inc county,
.omo interesting results. Early IN the
,o,rn his attention was drawn TO
4 statement in one Of the New hoIh
S,aners coming from one OF the prohh-
Sont dnanciers of the country. that inc
sxteen Northeastern States would posi-
slvelv declare for the gold standard
svhile all the remaining States could De
tlassed as doubtful. SpeaAhs "a '"N
matter to-day, he said;
at occurred to me that the North-
Eastern States. having all the money
Facilities. as the home Of the national
hanks. had not the same reasons TOT
biscontent with the existing monetary
tystem as the remainder of the country
T. therefore. went 10 the Treasury De
fartment, obtained from the Comptroi-
Ter of the Currency statement concern
ing the distribution Of national bank
notes. and succeeded in securing very
Interesting paper. To present this state
tnent 10 the country Is 10 demand cur
fency reform II disaster is 10 be aVerted.
4 am convinced that the national bank
note. as IL exists. according TO the
present system, must either be removed
as a part of the currency, or the bank
ang laws must be so amended as 10
allow a more equal distribution Of such
notes. For example
New York. with 5.99s.ooO population
and SO electoral votes has $50 10000 OF
National bank notes. Pennsylvania, with
t25s.0c0 population and 30 electoral votes,
has s27. 900 600. Massachusetts, with 2,2S9.-
900 population and IS electoral votes. has
f2esoo 900. Tho % Bryan States. with
e2.494.00O population and ia electoral
votes, have S2i 900. Rhode Island.
with $4,000 population and electoral
Notes. has s. 100000 IN bank-notes. while
Che nine Southern States, with a popu-
1ation OF II. 1903 600 and So electoral votes.
have but s7.0S0OoO. This is in the face
If the fact that more currency IS need
ed In sparsely-settled communities, than
in cities. with their banks and systems
Of credits. Mississippi. with l,29oOOO
population and nine electoral votes. has
but 500 900 in bank-notes. The national
States bonds TO secure currency, IA about
ms useful TO the Mississippian as II dia-
monds were required as the security.
ITO move his crop tho farmer in Mis-
Fissippi Is compelled to get money from
The Northeast. This Is so expensive and
makes the article so scarce. that there
should be no surprise II he runs after
coonskin currency. much less silver.
There Is no need 10 tell him that the
latter Is hercsy. Fmancipate his credit.
remove the bank tax. and then YOU can
reason with him. But we have little
hope or the Republicans doing ANYTHING
The Increment OF their money monopoIv
is more certain than the Weld Of a cot
ton crop The South would not rive
mp her staple. and the North IS not 90
Ing 20 give up her advantage. and 1900
Is coming on apocc."
'The people OF the Northeast think
That the Southern people envy them in
their possessions. This Is not so. What
we want IS chance 20 utilize our own
possessions IN order TO develop our own
resources and TO do this without having
10 appeal for aid 10 the money centres"
The Richmond business man Is perfect,
~ right in his main proposition. that
Il II the 10 per cent. tax on the issues
u State banks which murders our peo-
pie and the people Of the West. where
population Is not dense.
The national-bank system does well
enough for the people OF the cities. where
hverything 10 done with checks. But
~ psspls Of q sparsely-ssttisd country.