The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-12-02
Bismarck's Failure to Size Up
William the Second
Alright.
THE CAR THE GREATEST
The Most Egregious Bluudcr
Among Living
Nouarchs.

meut to do this or the patriotism 90 ON
statesmen Co solve this question justly and
i-r.t'f would SMACK OF treason
f.t-t SOM. such scheme u.s. this
i-.t a.. -ress establish Department OF
currency. Banking and Commerce. with
tit.oftE CD loan amy moneys the score
tArt ana treasurer think desirable. and
nor needed for early appropris tons ard
ltro5 OF me government IN the market.
d. conditions Justify that the amoEAt of
aL.on might ne maintained and
That with these sums ON a stated capt.
tai currency. ur issued or loaned ia the
market at tne oou-lerr.a rate uDon
state, government. municipal and inter
state fafiwar bonds approved hv the
commission under certain requiremcnts OF
Jaw, tor instance. am arorage price dur
ing a series OK years. interest. rate. etc.
"a mafsin to he always maintained on the
collateral deposited. and other safeguards
such AS are ia general use.
mat when these loans are paid the
same amount Of currency must be can
ce'led or deposited i'm the Treasury Of ths
United States 80 loans should 30 made
for loneer term than. --.....-.. and not
more than So. should be issued in any
tion TO the amount ~ national hank notes
redeemed or cancelled. That loans ma
turing In any one month shall not eI-
coed S..-.... The croft or interest accrVf-
ius shall DO carried as gold reserve
in thc United States Treasury TO the
credit OF fhfs dcnartrront until Congress
shall otherwise soose Of it after all
losses have been provided fox and Ger
That loans shall not DO made discrfnaf-
mating in any manner 20 the disadvan-
ta1n 90 any person. corporation assOcf-
atou or place. bur shall he governed Nv
the demands and requirements OF the
whole country. as This department was
only created 70 regulate the interest and
issue currency for circulation when need
81. and relieve any necessity. profit not
being the primary object; but that the
cost OF supplying the necessary currency
should he furnished az cost TO the people.
and not allow such IN advantage to In
urn % private interest
This subject u.s. 81 course. a serious and
vital one. but surely some means can he
brought forward TO solve IT, I think tho
details could be worked out without DIFF
hcuity. once the principle IS decided. 7
required. and in some manner indica ed
how 20 proceed IN giving the elasticity.
Some say this is government bank
7 do not think so. except that X does loan
its funds. but that has been eXplainef as
help TO the banks. 7 do not approve
Of a government bank. but. IL Il is neces-
sary. 7 had rather see il than the present
ernment own the whole Of It,
In a nutshell. this appears to be about
the Ference between these two plans;
I'm mine the people make the profit; IN
tho present plan the profit GOES 70 the
individual For what he could furnish
himself the ncOple prodiCaliy give away
only t. borrow again from the national
banks the same money. I'm its last an
alvsis the right to tax and the onDortunity
persons tho privilege TO gather taxes on
"a community. then guard with Jealous
care the power - control the MONEY! sup
ply2 UNIFORM CURRENCY