The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-05-22

lin a land OF free institutions and equal
opportunities. OF virgin American re-
sources and virile American push, are
in the habit OF bringing to pass in
/ q decade; and, in less than a decade.
II predict, the United States will show
mankind a system OF Industrial educa-
ltion thoroughly up to the standard OF
the American ideal, which is to turn
| out the best and the biggest thing
on the earth.
Another Great Need.
another great need is that of ade-
tquate and cheap capital for the de-
yelopment of our industries. The peon-
age OF the cotton producer under the
shackles of usury and the lien sys-
Item has been the heaviest handicap
Ito the development of the South; and
1.-THE Improvement of conditions along
this line is one of the greatest fac
Itors in the South's recent miracle of
conditions of the cotton industry de-
imand broader and national recogni-
ton. Our country Is to-day the great
lest banking power on the globe. The
1.-THE American people are in value the
lgreatest financial force in the modern
tworld. The danger is concentration in
lcongested centres OF speculation, In
stead of proper distribution of the cir
culating medium for the prosecution Of
Legitimate industry snd the handling
LOT crops at he local points of pro-
Eduction. We have the greatest gold
stock and circulating medium In the
world, but its congestion in. a few
reserve centres is SUCH that when the
South and West desire to use a part
lof their surplus to move their crops,
their just demand produces panic
lin Wall Street. For this unnatural and
responsible in two particulars: First,
in establishing national banking
system which concentrates the banking
reserves of the country in few CEN
tires; the second, in depositing the gov
Iernment funds, in those ;congested cen-
tires, instead Of at the Industrial points
where tho money is needed for the
Legitimate necessities Of production
.Iare in the power. as 1T is the duty:
lof the government to remedy, and
Thereby provide banking system for
1.-THE whole people. instead of for the
"Improved routes and strengthened
public control Of the means Of trans
portation constitute the third great
Inecesstv Of your highest Industrial de-
lIvelopment, and Your interest in this
regard p Is taot t e W. Mat sat!ag
You need the development OF. the
internal waterways of America, now
for a century almost neglected. To-day
1.-THE government spends $o50.000,000 a
lyeStT OH WAL preparations AilIuts lIltlll IT.
nance to guard the nation against an
imaginary foe, and "a petty $50 100000
flor the DEVELOPMENT and maintenance
of the greatest natural waterway re-
sources on the globe, natures provision
f|for the cheapest form Of transport
]tation Of the products of o0,000,00n
sipeCple OF the several routes of trans,
jportation-the waterway, the railway
and the public shtghway-the first and
Hast are both owned and operated by
the people. and IT lis not to nur ma,
the public highway N tho United
States are sadly behind in the race
of progress, as compared With TIE
Heading nations of Eu oon. Germany
and France have by a nationnl sys-
tenn of canalized rivers extended their
seaboards hundreds of miles into the
industrial interior. and by extending
the inspiring force of cheap transpor-
|tation to the sources of raw material
|neys along the streams and brought
1.-THE products of interior factories, fields
and mines within commanding reach
[of the markets of the world. This,
1.-THE greatest world-powerso on the glohe,
lis neglecting its vital duty, and ma
.Itlpnal opportunity, when It fails to
equal and even surpass Europe In the
internal waterway development and
Thereby the Industrial development of
the American Continent
1T Is the urgent opportunity and plain duty
OF the American people to-day by impr0ye-
mont and canallzation of tho streams which
empty into the Atlantto and the Gulf toy de-
4 yelOp forest rows 0G sm0k estaCks upon the
ssss sis an Ss naa t
sItrihutnries to NIlnheapOlls lttsbMrE, Chicago
lnnd the Great La es, " 10 the mi aston ~