Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1903-06-04

riably come about the time that things
we're warming up for the campaign"
We agree with our esteemed contem-
porary that there has been much wind,
wind, wind expended about the time that
things have been warming up for the
campaigns; but the wind has always come
from the Democratic bellows. These
periodical puffs from the Democratic blast
bag have not deferred the Republican
party in its honest and successful efforts
to make such changes in the monetary
laws as we're prudent and necessary. The
News Leader says further:
1.-THE cold, hard truth, as taught by ex-
perlence-a disastrous experience, we may
say, to many interests of the country-is
that it is as useless to expect any genuine
banking and currency reform at the hands
of the Republicans as it is to expect tariff
reform in the house of its friends"
Does it not occur to our contemporary
that the currency system we have has
been created by the Republican party? 1t
originated the greenback currency when
the whole banking system of the country
was overthrow by the Civil War. From
that was evolved what are called Treasury
notes, and they were supplemented by the
national bauk currency. 1t made the
paper money as good as gold by resump-
ton of specie payments, the Democrats
denouncing and trying to defeat resump-
ton. BY the so called "great crime" OF
1851 stopped thefree coinage ofsiver and
laid the foundation for establishing a
single gold standard. The coinage of sill
yer dollars was begun under the Bland
Allison bill, aud the Sherman bill was
afterwards enacted as a supplement to the
Bland.Allison act. The Sherman law was
repealed by the Republicans under a
Democratic President. Then, the Re.
publican party originated the silver and
gold certificates, thereby greatly adding
to the paper currency. 1t also, at recent
session OF Congress, enlarged the National
banking laws by providing for the organiza-
ton of new banks on a capital Of $25, 900.
Thousands of such banks have been and
will be organized, thus making another
important addition to the volume of paper
currency. Lastly, but not least, the Re-
publican party established a single gold
standard giving, for the first time in the
history of our nation, an absolutely sound
currency to the people. Has the News
Leader "been a hearing" of these things?
Has it not known of them as facts? If ESQ,
why does it say the Republicans have
kept "the word of promise to our ear and
broken it to our hope?' Does it crave
the currency reform that Mr.. Bryan would
inaugurate? Would it put the free silver
bull in the china currency shop? We re.
member that the News Leader recently
advocated repeal of the ten per cent.
tax on State banks and the establishing
of such banks as banks of issue. But our
contemporary suggested that it would be
necessary for the Federal Government to
have supervision of these State banks. At
the time We were amused by the ridiCu-
lousy inconsistent position taken by the
News Leader. Will the News Leader
again offer that suggestion for currency
reform?
The Republicans do not admitthat there
is any necessity for tariff reform. There
may be reasons hereafter, or even now,
for tariff revision, and when that time
comes the tariff will be revised Gin the
house of its friends" So, it is with the
currency system. There may be a necess-
ity for revising and enlarging it, and the
Republican party will respond to all such
demands as faithfully and efficiently in
the future as it has in the past.