Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-23
MANY OBSTACLES.

81 am on the Executive Committee of
this body, and would only be too happy
TO feel that its plan would soon be the
law of the land, but the obstacles are
many. The plan could perhaps be inn
proved, but when / found myself at the
convention with two pages of sugges-
tions. and discovered that each of the
400 delegates had as many amendments
as / had to offer | concluded to take the
work up as / found it, and, really, it does
very well, and suits the wants OF our
people. l think, admirably. Through it
we would soon reach absolutely free
panklng-tnat is. banking upon assets
under government supervision, which su-
pervision is. perhaps, essential since the
note issue is guaranteed
Free banking was characterized as the
one great panacea now needed and af-
ter disclaiming that there existed in the
Indianapolis plan any political questions,
Mr. Trigg read the open letter he had
recently addressed TO Governor Tyler,
and which was published at the time in
the Dispatch.
ENDORSE THE PLAN.
A vote Of thanks was rendered Mr..
Trigg, after which Mr.. Newton suggest
ed that ii was desirable that the In
the association, but he thought that such
an endorsement should be unanimous.
He hesitated TO make that motion in the
absence OF a knowledge of how it would
be received.
Colonel Marshall. Of Portsmouth, said
that there were portions OF the paper TO
which he could not agree, but he would
raise no objection to the resolution If he
were allowed to refrain from voting.
Mr.. Newton said the question was one
to his mind entirely devoid Of politics.
The adoption OF the plan would be |
boon TO all parts of the land, and ac-
cord the fullest voice to the advocates |
Of the reconciliation Of silver With the |
expression Of these views he moved that |
the association endorse the Indianapolis |
plan as set forth in the bill of the Hon. |
Mr.. Oyerstreet.
Mr.. John p. Branch seconded Mr. New !
toms motion. lie made strong speech. |
I'm which he asserted that the trouble /
the country was now labOrng under was 1
the lack OF confidence; the people are |
afraid TO loan their money. The only
salvation, he said, was TO restore conf
dence, and this plan sought to DO that.
If" said he, you can give the people /
he money they are entitled 10, you Will
hear no more Of this free-slver business.
We want everything cheap; We want
cheap money; We want cheap labor, and
we want to give everybody constant en-
ployment. | tell you bankers. you Will
make more money loaning at 4, S, and
per cent. than you VIII at IL per cent;
you will lend more, and your securities
will be better"
Mr.. Lancaster Williams, when Mr.. |
Branch concluded. said that it was ex-
,eedingly desirable that so important |
natter should be unanimously endorsed
~ the association. He hoped there
ore. that Mr.. Marshall would withdraw
IFS objections.
Mr.. Marshall said that If he under
TODD the paper Alright, il committed the
ountry to monometalllsm, so far as the
tandard was concerned. He could not
gree that II was wise TO stop the coinage
4 silver; nor could he agree that il was
wise to continue that stoppage.
WOULDN'T BE A MARRIOTT.
II don't want to be a marplot," said
ir. Marshall, "and | am willing 10 go
ut and smile and leave the whole thing
n the hands OF my partner here, who
.nows all about finance. / have given
ou my views. gentlemen. They may be
DOL views. but they are my Views
Mr.. Newton rejoined In a clear exp0si
ion Of what would be accomplished by
he adoption of the Indianapolis none
ary plan, after which a vote was taken
nd the same endorsed. only two voting
\ the negative.
Mr.. Mann S. Quarles. on behalf OF the
hearing House Association extended an
TO the association to attend
n entertainment at the Westmoreland
Tub. at 5 o'clock tonight. lie also ]