The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-27
THE SOUTH AND SOUTHWEST.
c. C. Homer, of baltimore, Appeals to
These Sections.


Chairman Stanard stated at this point
that it was the desire to have remarks from
the different sections of the country and
he called upon c. C. Homer. of Baltimore,
who took the platform and responded as
follows:
This report is the child born of deep
study and broad experience, and it is the
duty of every patriotic citizen of our land
TO rally to its protection and its support
to the end that it may promptly verify it's
merit and weave itself into the affections
of our people and be welcomed in every
quarter of our country. We of Maryland
address our appeal more particularly to our
sister States of the South and the South
west, with whom our relalons, social COM ..a
mercial and financial are OF the closest and
the dearest. We appeal to them to aid us
in the effort to bring order out of chaos, TO
unite with us in the endeavor to bring about
that condition in our affairs whereby our
country on every hand Will smile under the
blessings of its commercial and its agrlcul-
tural activity. Confidence begetS credit;
credit, development; Development labor;
labor, prosperity and happiness, and there
is no section of our land where the natural
reward of development promises greater re-
suits than in the South. Therefore, we say
to them take this report; study 1t carefully
and dispassonately, look well into its every
line and provision, and we are confident that
its merit and wisdom will make you con-
verts to its cause. | am one of those who
believe that our bank currency must be safe
and must be uniform. don't believe that
a dollar with a limited radius of circulation
the most good to it's possessor. ] believe
that every dollar that enters into the
economies of our country, be 1t in exchange
for Drawn and muscle, for brain, for prod
uce, for merchandise or chattels, should be
the very best dollar that human experience
and ingenuity can suggest, good at its face
value throughout the length and the breadth
of our land and circumscribed only as to its
usefulness and it's convertibility by the
q dollar this plan may be in it, and in my
of defects there may be in 1t, and in my
judgment l have discovered one or two In
significant ones-and It is more than iikely
that / am wrong and the commission right
whatever of defects there may be in it, the
hand. Of experience will promptly correct.
(Applanse)
1T has been urged that under this plan
greater consideration should have been
well the Importance of these institutions in
the commerce of our country, with capital
Of upwards of $4,000 600, and with loans and
discounts aggregating nearly three times
that amount. They are a help IN transact
ing the business of this Nation, worthy or
the highest commendation and deserving
of every consideration But, conceding that
1t is the determination of our people to Gre
ate a safe and a freely circulating and an
elastic bank currency reaching those con-
cusions after an experience OF more than
thirty. years, ii seems to me that such cur
rency must have for its foundation those
safeguards those conditions which we find
Incorporated in this plan. Therefore, with
national laws imposing upon them the same
reserves, the same contributions to the
guaranty fund, the same examinations, the
same number and character of published
statements and reports. and the same gen.
eral national supervision, il seems 10 me
that the few remaining advantages accru-
ing from the state charter might well be
sacrificed by entering into a system for
the purpose or creating an absolutely uni
form bank currency. (Applause)
II would also urge upon you the necessity
and importance of organization 10 carry the
knowledge contained in the adoption of this
report into every nook and corner of our
country. Let every hamlet, every village,
every town and city have its bureau of in
formation its advocates Of currency reform
upon the lines here laid down. Let our
representatives In Congress understand that
this plan IS the will and the wish OF the
people and that this country SO blessed in
everything so great in the energy. the i'm
genuity, the intelligence and the genius of