Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1909-11-19


from the Firth New Jersey district.
the gentleman WHO wrote reccatly n
stirring letter 20 Speaker Cannon, has
written letter to the Senator Alaf,ch
RESTING to the proposed central bank
Mr. towier's letter TO senator Aidrlch
follows: just before You started for
Enrore in August, II was staten in the
press OF the country that as result Of
meeting ofthe monetary commission
OF which you are chairman, central
bank was 10 be advocated by your com
mission. and that upon yeur return
from Europe you would proceed with
view Of instrncting the people upon
the financial and currency needs. and
recommend asa 'curc.ali central
bank. After your departure there was
an evidently inspired and we'll orran-
lied propaganda In favor of a central
bank, conceived and carried on for the
purpose OF preparing the way for our
honecomirg, and your arrangements
to swing ar5und the circle aud initiate
the people Of the Unitsd states irto
the mysteries Of yoer central bank platl.
Inasmucb as | am convinced t'iat the
one thing absve all others That this
county does not want is central
bank, because II will not effect nor nc.
oomplssh the necessary reforms, but IN
theend, Will makea bad condition i'm.
n,easurably worse, therefore Lin order
that the American people (which |
know viii decide this most important
question now pending before them FOR
consideration and determination right.
they can ba given an opportunity Of
having both sides Of II fully presented
and thoroughly discussed) may lie in
formed ms eagerly as possible now
challenge you to joint debate upon
the following propositions: First, A
central bank will not effect nor accom-
plish the necessary reforms OF our r.
nances and curreney:is uusulted 10
our conditions; will accentuate many
OF our present evils, and pcrclptate
and develop other evils ef a most Sc
rIous nature. Second. Onr financial
and currency problems must tie sol
we'd upon economic lines Of an entire.
iy different character / assert that
you can not successfully aud henefi-
cislly superimpose monarchical form
OF banking upon nearly Is 900 individ.
ual independent, free banking institu-
tions which have grown UP and de-
veloped In harmony with sthe princi-
pies OF our republican form OF gov ern-
msnt, and are themselves republican
In form and character. TO establ sh a
central bank In THE country under exist
Ing conditions would be undemocratie.
unrepublIcan un-American aud inlmi-
cal to the general welfare Of the people
because with central bank will come
a most discouraging and disheartening
favoritisn, the gradual breaking down
and ultimate obstruction Of our purely
individual and independent form OF
banking. | will meet you In joint de-.
bate upon the above propositions. at
one or more Of our leading cities up to
100 or more Of them II you choose, al
such times aad upon such conditions
or terms ms may be agreed upon BY
us hereafter"
There ~ strong probability that the
qnarries Of the Standard Lime and
Stone Company at kearneysviile will
not be operated ms extensively rs here.
tofore. For number Of years these
quarries have furnished the ballast foi
the Baltimore aud ONO Railroad, but
this contract has now been taken
away and given for period OF ten
years to q company from Columbus,
Ohio, with quarries and crushars at
Patterson's depot, In Mineral county,
w. Va. The quarrics ut Kearneys-
willie are still running, but only one
crusher IL In operation. The contract
with the y. A. o. terminates December
18th. The work at Kearncyssilie will
be kept going, IT IL hoped, at least TO
some extent, in filling private orders
and furnishing crushed stone for pub
lie roads etc. These QUAR- les have
been IN operation for number Of
years, and IL il hoped that they may
not be permanently abandoned --
Shame rda.,,,vy, pevistar
wild Cnas.