The times. [volume] (Richmond, Va.) 1890-1903, 1897-02-11
NIX TRIGG ON STATE BANKS.
He Addresses the House Banking and
Currency Committee.
HE TELLS The NEEDS OF The SOUTH.
Repeal the Ten Per Cent Tax and There
Would Not BE a Corporals Guard OF
Silver Men Lcft-Nirginians
Debt.Paying People.

WASHINGTON, d. c.. Feb. 1o.-Spccial.
William Il. Trigg president Of the Rich
mond Locomotive Works. to-day appeared
before the Banking and Currency Com
mittee in support Of the bill TO repeal
the law placing tax Of 10 per cent on
the circulation of state banks. lie held
that the circulation OF these institutions
was two small and curtailcd by this tax.
lie read to tho committee the paper he
recently presented at the Business Mems
Convention az indianapolis.
Mr.. Trigg showed the committee how
greatly the South and West suffered from
a lack OF banking facilities and how dis
propOrtiOnate has been tho distribution
Of benefits resulting from the present I'd
tloual banking system.
POINTING OUT EVILS.
His statement contained highly inn
portant and interesting statistics, which
were carefully listened 10 and very IA
vOrably commented upon by the members
OF the committee.
Mr. Trigg cont,ntcd himself with point
ing out the evils and defects OF the pres
ont system in tho main and left II to
the committee TO find remedies. His
paper will Doe printed as part OF the COM
mittce's report.
Among other things. Mr.. Trlgg said:
"And / Will iutcflopc just here not
from political motives, for L have never
held a political Office, 1 have never drawn
so much as q witness fee, but from pa
triOuc motives.
What / have TO say IS this. Those who
attach TO the word doubtful" the sug-
gcstion that Virginia is lacking I'm honor
are mistaken. and the committee should
not approach the subject they have I'm
hand IN that spirit Though a sound
money man myself ] ana no better nor
am / as good as thousands of my fellow
Nrginians. who embrace the cause Of
silver serious earnest. forceful men, who
are desperate for relief.
VIRGINIA HONEST.
This committee must close It's ears TO
the cry of dishOnor and probe for and
remove the grievance. Ny state IS never
reflected upon that ] ann not angered.
knowing as 1 do the honesty of her peO-
pie and their acts. General IL. r.. Lee.
possibly IN this very room. in March. 1866.
before the Reconstruction Committee"
when questioned as TO the feeling of his
people I'm the payment Of their private
debts. the national debt incurred in pro
scouting the war. and even the Confed-
crate debt. concluded most interesting
tbllNINN Win llf WNiNnt lAhH never
heard any one in the state with whom
1 have conversod. speak of repudiatiug
any debt. having previously stated 90 use
his own word. Simply from his kmowl-
edge of the people that they would pay
an debts" And he did not judge them
amiss.
Already prominent Nirglnians had ass
sembled at Richmond and assumed the
entire States debt OF Virginia and il
was after 1870 when Mr. Gilbert g..
Walker was made Governor of virginia.
that they set apart any Of it for West
Virginia 90 pay and later under the aw-
ful pressure of the funding bill when zee
adjustment was mooted it was fought for
years. and though familiar with the facts
myself. / am pleased 10 be able 10 quote
from so distinguished a. man as orr
late Minister 20 Spain. Dr j. j. VI. Curry
that eO per .nt. of the payers voted
throughout for fun payment"
I'm reply 90 a question by AIr. Cox as
TO what would Doe the effect OF the repeal
OF the l0 per cent. tax ON State banks
with reference to- silver. in the South Mr..
Trlgg replied: OF believe that n tho 10
per cent. tax was repealed there would
not Doe "a corporal guard OF silver men left
i'm the South.