The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-20

Tho Norfolk Virginian-P Pilot is always
M ODDS with The Times. our doctrines
don't suit il. which Is all the worse for
,he Virginian- Pilot. In "a recent issue it
has the following;
Yet Mr.. Bryan's plan Of suppressing
trusts is Co permit 40 corporation 10
Operate ia any State other than that in
which IL was incorporated except under
a license issued boy Federal authority.
How Is 10 possible for amy man Who &c.
licves I'm local self government in state
sovereignty and ia the great principle
of individual liberty 90 favor a national
law of this character, under when CHI
zens would not Doe permitted t3 unite
their capital and talents and carry on
business outside the borders of their own
Richmond Times.
OF course Mr. Bryan is for that ana
for governmental own rship of railroads
and Other public franchises just as The
Virginian-Pnot SIS. and as We suppose The
Times is-as "a last resort. Go control these
combines and 90 Keep them from con
trolling the government and ens.aVing inc
people.
Bu 10, The Times itself IS for The
Federal control of state banks, SO as 90
control their issues as 20 color, and forbid
the circulation of the notes of the banks
Of one State in the bounds of any other
state, under the penalties of felony, al
that. too The Times very readily
Compounds Tor sins it is inclined to.
By damning those 30 has no mind to!
The late Frank C. Rufin used to tell
this story: A friend of his I'm Amelia
bought horse. The first time he rode
# # stumbled and fell lie took it back
and said this horse IS blind ooh no.
said the seller. "he is not blind. all the
matter with him Sc he can't distinguish. "
So we say 90 the Virginian-Pilot cit
can't distinguish
If the Virglnian-Pilot had kept up with
the Times discussions Of constitutional
law as We have had occasion TO discuss
H. IL would know that The Times has re.
peatedly claimed that the trainers Of the
constitution never intended that the Con-
gress Of the United States should ever
have any authority or control over the
subject Of money and currency except
TO coin money out OF the precious metals
and regulate The value thereof II was not
intended that the Government Of tie
United states should issue paper currency
itself nor was it intended that it should
interfere I'm any way whatever with the
banks OF the States issuing sheir own
notes upon such terms as the states them
selves chose to prescribe and that was
the theory of The constitution held 10y the
overwhelming majority of intelligent men
prior TO the war
But the supposed necessities Of the war
caused Congress TO seize upon entire con-
troll Of the subject of money and currency
and it usurped TO itself power 60 issue
paper currency and to forbid the state
banks 10 issue it. and when this power
was CHALLENGED war Supreme Court,
commissioning the war view of the con-
st.tution. felt compelled 10 acquiesce in
the claim Of Congress. and IT laid down
the doctrine in Vrazie Bank vs.. Fenno
thaf Congress had complete control over
the subject Of paper currency and that
II could print It upon such terms as #
pleasod or il could absolutely prohibit
any agency whatever from issuing It.
The Times thinks this a war view Of
the constitution and out Of harmony with
an true ard correct views Of It.. But It
Is the law Of the land, laid done by the
proper authority Of the land. and it is
the duty OF all good citizens 10 accept
and obey IT, But because we must accept
this most unfosunaie departure from
the spirit o. the constitution. does ii fol-
low that we must permit Mr. Bryan TO
make further encYoachments upon e?
The virginian- Pilot must learn to Ids
finrllisn 4"