Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-23


what fa true NJ him." added UT Gage. 'Is
srue also OF others. who have been hnie
90 teach me broader public spirit lhl7
aIl comes az personal association. nos"
who hold themselves Hl0of from 10
conventions lose muoh." he had bad but
little time 20 prepare am address, Doe sill
indeed. 30 had in the first place been bis
intention to speak lu % familiar strain,
bur not being used 90 public speaking, DE-
waa afraid t0 trust himself fof De- was
invariably seized with mental paraIys
when le fHcfd nu audience. turning
theu 10 hls subject. which Doe announced
TO d. "The Condition OF Banking and Tie
Bauk-Noto as an Important Feature iH
its Mechanism" he spoke as follows.
Whatever mas Doe the truth as t0 me
order Of creation and the story oI our
earth whether they were the result "t
au IMPERIAL mandate under whose iN-
nuouce they stood Ilrth, OF lhri ''
velouel by slow cFululouai} hipf
corded time. Do ls certain that since man
came upon The scene IBIS development do
knowledge. Industry, ana arr mas n.eh
along fne Tine of slow upward NOV
mont Iu hIs beginning as uller ot th.
s0u he knew nothing better ah tuol
than the crooked stick lying cnhNtil .nl -
lv at his hand Ey gradual steps. ftdch-
ing over thousands NJ years, ne achlcf tl
FOR himself the modern pillow. JUS iia 10
means of transportation were Dos own
shoulder. on rrcferably. the back of
hls wife. Ie soon learned That De- couii
haul DTS burdens upon fallen hiahtl
OF "a tree or au uucoutn sled dfhEs !
across the bare ground. lie discovers
later that two sections of tree uunis
connected together by an axle reduced
friction and made transportation easier ,
and hy steps infinitely slow and painful
he at last realized the finut locomotive
the steel rails, and the iron bridge epih-
ming great rivers. IlD first knew mat Ne
could ride upon a. floating i0e De then
learned that this same log, lf hDNpWcl
out WAS increased lu buOY aucy, nul cohll
Doe made Goo carry greater hNiN'u, "it ~
thrOugh the long and weary centuries nr
gained advantage. step by step. until wa
see under DIS control the ten tnou lnl
tom steamship OF to-day. lu h's relation
tu DOS fellows and society We can readily
trace "a similar movement.
lu the early time. personal Injuries
were redrcssrd or avenged by person %
retaliation Later fhe tribe undertook
to redress thc injury of its member D.
asserting fhr power OF tne united whole.
The feudal system was o. step DO the
upward movement, and ut Hat Wc $500
States. written laws. and constitutions.
TRADE AND COMMERCE.
In trade aud commerce the story ls
equally interesting and instructive. j. 3d.
ginning in 81 raw barter. article Tor ort-
rIr. there followed later ON, by "a flIH-
ly natural process. the elOpmont ~
"a crude money which became the Inter-
mcdary FOO trade. 1882 the refinement oi
choice. slowly asserting ITSELF one aru-
Gle after another serving as This t4m-
mon medium 0l exchange. gave place t1
another of higher aud better form. until
af last. over uu the hIh'tubIe globe,
silver ANA gold became tlr acceptable
common medium 0f exchange. The btIk-
tr was Tate conner lu lms ione-urFt.op-
ing movement la began ua mere
changer Oi money 10 border lands bee
between different states and peoples
The growth ut commerce. the universal
dt sire Of men 90 exchange with each
other the products ~ their respective
Industry, more settled ami less Llrbarc
conditions, thc Increased power OF pro-
durlNltNt ana tNe improved means of
intercommuuicltun. developed commerce
ANA gave 10 tne hII er higher mis-
SION than ne h1u aDrtD exercised.
lie became au Intermediary Tor the pay
meut OF money dt distant points. ue
developed economizius instruments know
as hiiis OF exchange. ANA lu The process
ot time he became tho trusted deposit
tory OF the money OF those who dil NOT
require IL for amy present use and VINO
sought Tor 10 "a place of convenient safety.
THE GROWTH or CREDIT.
The growth of credit marked the period
Where man was far advanced Bro his moral
aud intellectual Development and 30 would
% interesting tO stop Tor moment. if
] could. Go consider this p0Werlll in-
nuence, the influence of credit in the
worlds industrial activities. Ia the ful-
ness Of time the banker became the great
Intermediary lu this Held ot credit With
MS character hHled-accredl as
ihe p0ssessur of cApltal-his guarantee Cd
the undertakings az other men became
effective 90 make these undertakings eA-
ch4nsodble for th- products az industry.
or ty direct credit upon bis books,
available 90 those 40 whom Do was safis-
fed o. put bis trust, and by The issue ol
hls own notes. which sometimes circulated
far, his usefulness as 81 factor Boo c0m-
merce and trade was enormously enc
HANGED.
I'm au this l.ld o. which have
made reference legislation followed the
action of the Individual To never pre-
coded him. ~ never invented or created
The operation % law was along
the line ~ regulation or restriction. In
many particulars the regulation or Jaw
worked benenceut ends hy establishing
"a system ot weights ana measures. by
establishing coinage. liking weight aud
rnencss tu SPECIFIC quantities az money
metal. and giving names to represent
each specific coin. Ike the name dollar,
pound, franc. m rendered "a great -er-
vice. lt lId uuf. however, thus alter
amend. or resciud, it merely estaniI-lei
On convenient form what n4l hitherto
existed Ga a less convenient form. In
coming 15S grains OF gold in "a round
disc and denominatiug % a dollar. DO
merely gave one Word. dollar Oh take
the place of several words -to-ulr 81.
grains ~ gold 9 nnc." So when 10
stamps upon this coin the word dollar
10 uses The form OF expression which
translated means. This o. Zs grains 90
soid ID dii not affect nor did be- intend
Co an 90 the eXChangeatle equivalent ~
what ID thus put into convenient form.
PRONENESS OF THE MIND.
Slranse prononess Of the human mind
O. impute 10 the names OF things the
virtues and qualities of the things them
Sc ives. Rheumatism is the name Tor
certain pains experienced bY the human
species. These aches and pains are the
expression of Interior conditions. but We
take the name given % the symptoms
duu We conceive. or are apt 10 conceive,
Of rheumatism as q thing in and ~ IT,
self. invading the system a. an alVen-
furious burglar invades ones chamber.
il Is this conception which makes rude
men everywhere seek o. drive out dis
ease" thus ptrsou.iied. by the use ~
tom-toms. 81 charms, az he medicine
man IL Is an illusion thar stiil haurts
the mind OF most Of Us. 50 TIE simple