The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-12-02
Currency Reform.

Editor OF The Times Dispatch.
CO. s s only novice In political
Congress is going to be beset by al in
terest hel-bent on currency reform pro-
TOO much attention
IL would be anarchistic. OF course for
any one except the inner circle TO pre-
sumo ,r 20 nave Ideas upon this subject.
It's holy territory. and the unfniffatod
must not tread fits sacred precincts Pop
ular discussion and interest is soon howl
"a down or called OF as being "A question
tue people are not fitted to solve. and
could never understand. ANY outsider
bringing u on the forum Of public opinion
is soon branded unsafe. luuatfc. idealistic
ana Impractical. If this doesn't suuelch
him, he is certainly dishonest. and work
ing 10 pay on debts with cheap money.
degrading the national honor or robbing
has something
But 70 our mutton. something is radi-
callv wrong with our currency. and a
remedy must be radical To patch. amend
or enlarge the powers Of the banks of
issue IN private hands viii only aggra-
Nate the disease Sooner or later tho per
sonal privilege TO usurp the peoples rights
must go down. But. IL dealt with nm
selhshly and patrioucally now by those
VINO nave iL IN their hunds. the bankers
would perform a duty. confer "a blessing
upon their country. elevate their urO-
tession. enshrine themselves i'm the hearts
or their constituency. rise TO the occasion
ana meet the expectation Of their friends.
IL is the fatal error the wise financiers
ever make when tueN OfIcr any remedy
10 Invariably retain TO themselves the
control OF the issue of the circulating
medium There is where the people smell
the rat Naturally they do not under
stand the various intricacies Of currency
reform, hut they have sense enough to
observe these wise old birds are never
willing to lose the endorsement Of the
people the government or surrender any
privilege once granted TO them.
know there are those who look at this
matter from an entirely different stand
point. We could scarcely ever agree: but
II I have not read history I'm vain THIS
question OF paper or credit circulation
each community could choose their con-
Nenient and easily recognized token ia
barter to "a science an national expras-
sion or an that is progressive. fntrili-
gent and conservati tive i'm its civilization.
The fundamental principle or our gov
ernment expressly prohibits favortism
or transfer 10 Succ'al interest anv- Of it's
rights. which would be both dangerous
and injurious 10 its citizens and a Drosti-
tuition OF its sacred functions
No more vital interest inheres TO n
government than the natural right and
OBLIGATION 20 provide sufficient and re-
liable system Of currency and the reelIIa-
i'm It's realm. Therefore. I would abolish
the national bank-note issues as being n
failure. and piece Of gross Injustice
10 longer exist II was born Of neces-
sitv. ACCOMPLISHED it's object. and its au-
thor disinherited Il before his useful life
had uassed
In its stead the government should as
sumo its RESPONSIBILITIES and function OF
urovlding and regulating. without favor
iusin. as far s. nossihle the currency Of
our great country. To question the In
tegrity. ability or right Of our govern