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

impute - the word dollar dynamic
power They think the jaw can create
&c. The fiat establishing Ls grains OFT
gold tu De- "a dollar ia REGARDED ~ Lle
dream that an authority high enough
sav as the government can uy n similar
fat. make another thing equally euec-
tive as O. dollar They are lost ana COM
fused ly names They ore unap'e l'
see th8f back OF the name must exist
the substance
THE OPERATION or LAW.
7 have spoken of the operation OF law
as being either iu the liua 0f regulation
or definition. or In the Iue ul RESTRICTION
or prohibition. in all the fields Dt indus
try aul commerce and social develop
uDnt it bias off necessity followed and
regulated it has never been able to
create. The locomotive of to-day is the
lIsf product OF human ingenuity, Oln-
rating in the individual mind, perfect
ine its work over generation or more
OF Increasing ku0Wleds. Hul Skill Walt
lug for law. there would meyer have
been locomotive. steamship 0r a
wagon. Now that these arc here, law
may Wei regulate against dangers aud
abuses. II may properly require ihti iur
boilers of the steamship and of tne locu-
motive shall De- constructed Of Kind
and quality 0f material which tle best
engineering knowledge can approve as
safe. i'm tho field M banking. tO which
SOU stand related. the individual militia
tive BIAS been the only efficient creator.
The banker has u0w become factor lu
r. mmofce and exchange. whether foreign
or domestic scarcely less important thlu
tne steamship or tho railroad by slime
pie devices slowly elaborated. such a8
checks drafts, bills of exchange accounts
of deposit, and tle issue az notes, tho
enormous work OF The worlds eXchaug's
realize that every wear fher. nq.3ls and
repasses iu our own country from seller
~ hnyer,, more MAN my thousand mill
H..a vA "'i.Als D." F"i.' MitI.tl tu.
'L HlYN,5 o., 1il' quo lHal oNl %. "lI ih'
...,'i ,.,,it, ,,"' .r.ii.. 1919 l"'-
CHANG, i'm Gur own rourfrv moret it..if
t..,,,... ',.f.. i ~ 1870.
"hNi rs vNif it l", IYI'' YOU "l Jos. 10y
ono l' l.'' lI' LhNhiNt Ht.hihttl does
we I,ts,i IAIt OF l"e "yIid ctenanHe.
~, .,, i,'' az, "a 'il "...
'L." tH ,.i3iin'. result
~ '"-, 80 Hitn ti,ll po",,- rs lh the
f,. 49,, ..'' '' ii.I 'ip
' i'' '". lH NHd bN.Hl
n f.. .i.,r +, trls -,s1 "' ..'., power. Dlt
,l.al pm ll'1 .,'s' af iu ihe qihcf,
.'' '..l'-i .oH a.' pI'llulu'n should
& ~ ."' iihii..l tAltilen'e
Iff..rt, v...,I,, rl.',f,... '' lniD 'el
I N5 iH"l society
menfs IN invention r,1rll.l H. " ~. ,1.,-
0f commerce and banking as DO h. in fh.
mechanical arts and tho nht.f.4f sciences
fff0Fs.
tr,r,,,,... .,.. ,..............
80 i-i''' ~ i.-Nt iI.i i.F'i--
i desire now TO mako particular arrff-
cation OF these thlughts to 0ur e.f.rI-
tuea lu ibis country. us that prr.rIaul,
relates o. banking and currency Under
that evolutionary tendency fg vhIrn Z
nave referred. and Don fle exercise uf "a
large liberty, the hIlk.ug system OF the
United states haas made "a history moi dIr-
f.reut Iu lfs nature from tl.t of our ue-
Cllu.caI appliances JeeInrIr. Iu eru.I.
development. stimulated hr u.w r.nuIr..
u.ufa. corrected hv Ilreer krluIo.I.t a.rI
experience. the system Df I.rEIra Mo
t.niu. toward Urrfr.fIuu fTI. I.oe. r
different States. which fHIrft....... ,..r.
ago were the only laws r.I.fIr. b.. I.,.t
lus. varied from each other Ir fHrIr ,.I.-
dom. and tle business. as practically r4r.
TI0l Uu. illustrates u fIr y.rI... f.,.ll
les The wise or unwi.e c1.trar..r .,.f th,...
Jaws. / must stop here La rr1uI..t fe
emphasize. ln tle buef.ef f.rm. tbe
l.IUfIHu VI the banker I.. r,..l t. T..
regarded 4s dealer Iu money merrI.
DE Us such only t1 very limited extend
He is essentially dealer Iu orDdits mia