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

dieceruible that. through their depiecia-
ton in Une worlds standard money, they
piled uu tho principal of The interest
bearing debt not less than thousand
millions or dollars. This Us bad enough
hut DO is not the worst 4 poor mt'hlhe.
when ID better can be had, often accounts
for the whole difference between rhnous
loss and desirable profit a railroad man.
whose line ls just earning enough I'D
paw lfe actual cost of operation, recently
said fl me. eft j could throw INTO 90.
scrap-plo forty ~ .my locomotives an1
have the means to buy aud pun in ihrIr
place au equal number OF the newer types.
/ could earn dividend QUE VI my lu-
creased power ~ transportation
WEAK AND INEFFECTIVE DEVICE.
assert that the grecubaCk is weak
and Ineffective device NJ We compute pc
with the bauk-n0te Zoo its usefulness i9
production and exchange The tfuih or
This can Doe best pyreltndci, pe. h'p.,
bv au Illustration A hulkcr-f you
uiease-at some western point, Wurfe w.
pioneer Is nghfiug h1ri hhiir WIN
climate and soil is visited 10y some one
or other NJ tnc agent. OF pioduD'i"" "'
exchange chat have found their home
in his locality. The banker mas s9hia
capital. lie has good cItd,l iu,
sanctions " the law are over him, ana
tba inhlhtl0ns Of the law arc calculator
d. keen him boo path 0l .aIrIf. WIN
in the lines of these proper fnnioil'pns,
he-like r. other men ,oush, h,,,
perfect fnrfiF. isIlei '.,..t,,
.4id. bv SOME member " che community
tgho desires "a loan. the banker unl7 I"'
ways by Wulch the h'eI' vl l'' 49,.
can he met me one Us Nl b.,
moucy-that is 90 say z, tlal tp.',, .'
ne iofn ~, OF c i.I5 M ne nse Of bis 0he
LIoker'D credit. and. Or 1 have already
..uialued. this ls the more important
field OF tho bankers operation. DIT 'nt
L.ufpr has money in hand De- can supply
t. .,isf.fn,r's need DO hls supply of
money or hand be- only adequate Go form
Ia nroner reserve against his own OuI
rfanI.ne liabilities. money Doe cannot lend
Tl. rr.lit however. Doe may extend iin
+-n xiv. to the proposed borrower
..'rlt ,,t..u hfs hooks nrriuHf which tnH
.r..,,.r r,fghf check. bIt unfortunately
W ,.',- ,,,t,.f ,,tl 10. bad. uf fh. credit
pr. 1870 ,"igts vb.re h.s credit "a
pr ,I gyh.r. his rhocIst upou
r- i..t.r v.nufd mot O.. received BE
.eI,.. a.. trv ,ghraf. Or cattle. or lumber.
ar empi0v labor. so that u the case 4
t.,. fit.t aIuu0saI. ns Doe cannot borrow
~ ,-,,,,s, rf tha banker. who has NOT
~ g. .,.-. arI Cd. bn cannot
,,..u tI,,saif ,f 'fTr bankers credit. be-
- ~ tt. lis.lIfifv ,ust pointed our.
lls ,Yr1a-. lf defeated. and his enter
.,l. t t.. community is hv eY much
......,.. -,,,..
EANk-NOIL3 VS.. IltttNbA'ho.
There WAS one form M credit which the
banker. EXCEPT for Che Jaw. could have
,.f.rf.l b, namely The Bankers
a,gu notes Iu denominations CT convenient
ri1. .,ht.h would boz acceptable boo exc
,b.r-. b.. dealers and lll0rers. even at
tDIrr. amin. remote Do YOU ask why
In.s nof Oh. banker lend him ercrnbacks.
.Irra thrre are plenty vi rreeubIcks in
c.rcunUUuy The answer ls CHAT the
rf..u..rIts are no more available f1 tue
banker Tor such purpos. chan silver
or gold. since Dee can acquire neither cN-
caDf thr0ueh buying them lu the market
OF BORROWING inem tt tne Hiiihel ii...
u .".i -l',.. t,.,, i.
,'l' N.- " If. ,.,,', .',. ,.ro.,s Id.
i,l."" 1917 u, " ..l.'if ,.', .I.I.Io if b.
49, t.,.,.f I,rt.r tl. og.n r.f..
49, a.. I-,,- 20 lf h. and l.nd fharY f9
Iis ,'rdl.e,I f..rr.v..rq Tha gnswrr ls
,-i.f .,-.,..t o. f9 teaa,.r IN hr s,uphf
T XII. D.. ,.,...iI b.va a., irvesf qbouf
',... t,'+rr,I mi to..,,tv IoIlars 81 bla
...,.if,i in ft. hands III fhe United states
.rI ,.rf ther1 ilr s4 ..rIrIfy b. his ovu
u,ras f.r ouIv one hundred dollars. ThIs
kirl or lnIrDyerI- 1ueut he could not enc
I... U.....r I.I.4r b.. china Invested