The times. [volume] (Richmond, Va.) 1890-1903, 1896-08-23

came n money monopoly interfering with
the election OF congressman and cor
rupting the public service In every cleo
ton. When IL came forward FOR a re.
newal OF its charter. Andrew Jachsoe
made Is suppression the pohticzi isseS
OF the day. He won, and the bank de-.
Whilst IL existed IL held the state BANKS
down in every possible way, SO tnat tnX
barely survived until 1881, but amer max
they had the fun opportunity Intended py
the Constitution, and they soon began 70
flourish The period from 1887 10 1871,
when she state banks had an opportunity
to exfoliate and prove what they "eIs
capable OF. Is the halcyon period OF our
country. There were no very rich men,
but prosperity was universally oinuseo
all over the land. The blessed primo.
pie OF local self-rule had full sway. ana
II carried the advantages OK local. creoit
into every nook and hamlet. A bank
sDrang up In every quarter OF the country
where there was business enough 10 JUS
tify one. and all classes at all places had
the bank accommodations that eheir ousi-
ness and their resources 1rstifcd.
when I remember this history ana tnen
hear ignorant men. who know notnlne "
Il, deciaiming against return 10 tne stare
banks of our Constitution, with their Two
penny catch arguments about notes az .
discount away from home. 1 am nle0
With disgust. Let US return 70 the ways
OF the Constitution, from which tho wa!
warped Us. and have the gold standard
silver necessary for change thIves ana
quarters. etc.). and let the people have
their local banks their notes 10 be pay
able instantly on demand In gold com, o.
the banks 10 be closed and wound up. and
we should never again hear OF turmoil IA
our finances. II / am asked now fnucn
coin and circulating notes are requlreu
for this country. 1 reply that Compare
lively email OF antity would be required
A. the tax OF ten per cent on the issues
Of State banks were removed; Local
banks would then spring up Wherever
there was business enough 70 MAINTAIN
than and the farmers would thus SET
the credit facilities that are now denied
them. This would take an Immense
strain from cash. With these banks we
would want enough coin and note, TOT
The reouie in the cities 10 have In their
pockets the small sums usually carried
by men there. aud enough 70 pay latorers
Saturday night. Very little answers LOT
this because IL all comes straight BACK
10 Tho hanks when Il is paid out. Then
enough mus, be added 20 this 70 give inc
country people who are 80 sitnatcu tnat
they cannot transact all OF their business
with credits even at local banks, the Juan
titv necessary for them. TO hayo the cash
IN pocket that they need. and, after this:
tl,.ra IL no, need for any more coin ana
circulating notes / believe mat the com
and notes now in the United states ar.
more than the country has any use Tor IL
they were only attainable 10y the people
NJ large Let Thorn have these tocal
barISY. and thoS hanks would not put OUT
ANYTHING Ike tho amonnf now In the
country. but there would be enough Tor
all A..
Ssnata and House OF Representatives OF
The United states who understand tho
elementary principles 1 have discussed IN
these remarks and tell them 10 stand IN
their places and proclaim them 10 the
world ,tu.il they are listened TO. That Is
the way 10 end your financial troubles.
(Note-Slrcc Mr.. Bryan has been MADE
tlie. nominee OF the Chicago party II Is as
we'll to state that when the proposition
90, rrneaI thu tax o, ten per cent. on the
issues OF State banks was before Con.
e-res. two yisars back. Mr. Bryan voted
against tho propos tan. See congf-ssion-
eI Record. vol. l42, 53di Congress. I'd ses-
SION. p. J,S9L)