Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-09-19
EIGHT PAGES
TUESDAY. SEPTEMBER 10. 1899.
MONEY IS IA SOVEREIGN PRERoG-
&; a ATIVE.

ss$sss| Is the so-called .National Banks"
Il are making ready for great battle at
4 The approaching session of Congress
next December, in behalf of so-called
$....Banking Reform" and Currency Re
& Form" Secretary Gage, of the Federal
b Treasury, being in open alliance with
q the banks, it becomes all citizens in
4 terested in money and currency, and
the maintenance OF their liberties, to
understand the situation thoroughly.
What have these banks got? What
4 have they done? What do they want
N and propose to do? In another article
n on I. Wild Cat 5f5y Rag Promises rs.
M Money we have glanced over the
] field and explained 1t to some extent;
h but some points we neglected, for want
of space, and In that paper our chief
n purpose was to set forth the views,
sSconyictions and policy Of the Virginian-
II Pilot on this whole monetary subject,
\ as becomes q journal protesting TO be
& free and independent, yet loyal to the
& people In all their rights and inter
4, ests, with nothing to conceal on its
own part.
The Virginian- Pilot is fully persuaded
lin IT'S own mind that In q free popular
government like the United States, the
government alone, and exclusively.
3 should have any control OF money. until
Sit ID made, or coined AND ISSUED TO
sITHE PUBLIC. 1t is q great public
trust that should be vigilantly and jeal-
s. plsly guarded lest private interests get
81 the advantage of public interests; or
u personal. or special interests be favor
@ed at the expense of other or general In
n terests Finance, money and currency
Il should be regulated with entire I'M
4 Partially by the government Of the
Unite ed States; and It should nrcserve
s them, SO far as practicable, from the
selfish influence or control of private,
corporate and special ACKNOWLEDGEMENT
s5iasS contradistingulshed from the COM
llmon veal and the public welfare.
Certainly, IL there are any sovereign
functions and prerogatives pertaining
4 to4government, no matter what its
form, money manufacturing and its
constant control and direction, as far
E::as money. once Issued, is amenable to
Z regulation, are among these high al
i tributes OF supreme authority (under
'sG{od) and to transfer, delegate, ahd-
cate or neglect them and the duties
sa nd obligations they impoce on those
Who ad minister the public trust Is
y nigh crime and misdemeanor, all the
more culpable and perilous in self
government Though representative, OF
y Ihe people, by the people, for the peo-
y ple-t he maj orlty, II not possibly for all.
ss:At any rate 1t is base and vena!
Il freac hery to the public in so vast and
4 All llil$:inv,olying a trust to abandon it to
AZ II the ne private personal or corporate in.
ferests OF q minority, no matter how
Constituted
b I MS at once closes the banks and
81 ne disc sslon against money-making.
issuing and controlling by any other
sStnan the sovereign power All else is,
son ghtS to be- counterfeitng, false
sss;elning and unlawful uttering. But our
as tiopal: banks, p holding on to all they
u nave got want everything in sight!
" Ihey n elped the: golditea to get silver
Il s2aiss o. OF their bank-notes:
W. fasysare working tooth and toe NALL to
silver out want hundreds Of
srnill Ions of greenbacks and other Treas
tes 5ca allied IN make more room
Il Nor hsi i notea which they wish 4 to
':Styat,sfor7nd into wild cat money: and
q thus having us In a sling the,y and the
(! toldatss AZ one great money-monl opoly,
sr0 p and harry government and
sssple &: u Il tn saagment dayl B