The times. [volume] (Richmond, Va.) 1890-1903, 1896-09-24
FREESILVER NO REMEDY
DIR. INQUIRE SAYS STATE IS WHAT
THE FdRMER NEEDS.
English Officers Have n High Regard for
the Military Abilities OF Lee and
Jackson, the Doctor Says.


calico on the distinguished surgeon again
yesterday and Induced him 10 give The
| Times a more elaborate talk about ais
| impressions IN England. lie said.
ii You desire il 1 am very glad to
elaborate briefly what l SAID 10 your re-
| Ioitel last night. l received The Times
| cutie regularly while 1 was la Europe,
I ana was very glad to get IL. / thnA you
deserve a gree deal OF credit Tor the
courageous way In which You are cum
batting the faliacy Of free silver. News
papers all over Europe are very mum
/ interested in the subject. and hardly a
day passes, especially in The English pa
pers, that there was not something about
free silver and its consequence 10 Amcri-
/ ca They did not entertain at ali the
] idea That free silver was the outcome
| oil the influence Of a few miners Of the
/ West, as has been stated, or that tho
| great multitude Of the American people
were willing TO vote for free silver In
| order, to Dlat extent, TO deirdud their
creditors with iebased currency, or that
II had tendency 10 anarchy and COM
/ mVIism, and was attractive FOR these
Reasons. These statements. which many
OF the eastern papers have made. are not
\ worth an argument. Some of them he
/ lieyc and 1 think rightly. that while
/ portion OF the depression in America
9mong the farmers Is due t0 the over
/ production OF crops. more being sent TO
market than the world needed mat
/ good deal was due 10 our financial sys-
/ TEN.
/ WHAT FARMERS NEED.
while in the larger cities there are
| banks of discount and deposit there are
large regions I'm the West and South,
/ some as large MS Wales some nearly as
/ big as England. where The thiuly scat
/ tered farmers have no bank. and don't
/ understand the system of discount and
/ deposit They raise their crops. take them
/ 10 tne country store. or neishl0r.rg miller.
/ or 10 some midd.cman 90 sen at the
| CncaIest market price. and Luv their
/ groceries and caiiCocs nj the highest mark
/ 81 price No money g. exchanged across
| the counter. Tile country woman takes
| her butter and eggs and chickens 20 the
! crossroads store and gets tiom exchanged
! for ribbons. calicOcs etc.. blr gets litfIe
! or no money II the eros roads mcr-
/ chants make more than 80 per cent. for
! he fixes the prices az both ends the far
mer and his wife suffer 90 that extent
| Now ble country people are tired Of doing
| without money. They really have some
! back TO "a system Of lar,e-ng. which
was done altogether in VIRGINIA several
! hundred years ago. when SO much to-
/ bacco was valued az $50 many pounds.
shAhnes and pence. Af-er tlis silver was
substituted FOR copper then gold Tor
silver, then bank notes. and then checks.
until now in tho larger communities nine
! tcen-twentefhs ~ the debts are paid
J by checks This is something tie farmer.
/ or very few Of them. know nothing about.
! Ihey have no money Zoo hand and wildly
/ suppose that the Government is charge
! able with it an. because they think the
] ". ..f H
! money as fl plc1ses. They are alurad now
/ by the idea thar IF free silver obtains
they wiN have an Abundance NJ money.
STATE BANKS, THE REMEDY.
''ro my mind, our present condition is
| due to the absence OF local State banks
Where IL farmer we.i-knoun for bis
honesty ,aui having good farm bias
| access 10 bank. he may obtain. in an
emergency 500 of 500. Iut tle govern
ment has taxed out of existence State
banks and 10 is impossible f1r che farmer
10 get a loan in this way He may get "a
| 81. from some more fortunate auI richer
neighDor, who takes mortgage upon bis
! place as security for the debt. charges 4
| or I'VE per cent. per month fer the loan.
| and presently ho has to give up his farm
10 pay the mortgage. IL his barn burns
down, or some other disaster happens TO
I
| get the money 10 rebuild his barn or make
| good his loss.
"Take as an Illustration. Canada which
lies along our northern border. "a country
very much less fertile than ours. with u
climate cold and iuhosp.tahe dependent
| upon agriculture even more than We are.
! but there you don't hear the cry for
| cheaper money. free silver or find any
bimetaliic leagues. because every little
| village has its bank OF deposit and dis
count. Their financial system seems %
be perfect. Tho great bank is in Montreal
and any lumbcrman dchcrman farmer or
laborcr with proper security can get The
loan Of a small amount Of money his
local bank, indeed they have 50 much sur
| plus there that they lend millions Of dol
| lars annually to the United States. In
| deed. TO such extont-have loans from
! Canada come 10 tho United States that
some of the leading bankers OF the North
| have been using AN their endeavors 20
secure such legislation as would prevent
II.
These people are prosperous happy
| and thoroughly contentei Wi-h lhelr posi-
ton. There is no unrest and lack OF
confidence among them such as we nave
here. but vet they have "a formidable bar
rier 10 trade In the shape Of mean tarir
laws. which prevent them from sending
| their produce here.
"Of course IL is prcsumUtuous IN me 10
be talking about finance. a subject which
has engaged the attention OF the visest
and ablest men i'm the land. but this has
been the result Of the study that 1 have
made OF the subject among people who
view 81 as outsiders. Very hkely am
unconsciously approprlaunB some Oh lle'r
| arguments.
THEY HONOR LEE AND JACKSON.
Il was thrown good deal with a
| number Of officials Of the British army
while l was in England and was very
courte0usly and kindly received saw q
| portion Of the malOuvres going on az
! AldershOt by invitation OF MaJOr-Geners-
Lord Methuen; saw the sham battle AZ or
near Brookwood; had an invitation from
Lord Wolsely, commandments OF the
army TO see the review at Peterborough
but was prevented by terrific downpour
Of rain from meeting him. In his letter
Of invitation he says: L would Ike 10
have a talk with you about the greatest
man by far whom l ever knew, General
Lee
"The estimate Of Lee and Jackson by
English officers. was very gratifying. At
e. little PARTY of English officers, which !
attended at one of the clubs IN London.
a very prominent soldier said, that Amer
Tea had produced but three great generals
first was Washington, the second Lee
and the third Jackson.
II was surprised that he regarded Wash
ineton as an exceedingly able strategis'
...I. 4.