A PERFECT SYSTEM OF BANKING.

Dominion, Volume 2, Issue 577, 4 August 1909, Page 9

A PERFECT SYSTEM OF BANKING.

Sir,—ln Saturday's Dominion jou state that Mr. J. It. Blair, as chairman ! of a financial company, strongly condemned the idea of-a State note issue, and quoted historical instances to show that such money would -inevitably depredate, and that suffering would thereby bo entailed upon those least able to bear it. . Mr. Blair then (so your roport says) went on to state that tho financial affairs of the country wero somewhat unsettled, and a contributory cause of this state of affairs ,was to be' found 'in many of the wild theories that • wero being promulgated.' ■ ' " I havo noticed that it is a peculiarity of the' human mind to either utterly condemn' a man or an institution or any other thing or 'laud; that : man or institution up to tho skies, without exhibiting any capacity for firio discrimination- between the good arid tho bad. Thus, for oxa'mple, some people will bccome possessed with a " prejudice against the Church or some particular sect or man, and henceforth'everyone.and everything connected with the Church or a particular scct: or man, as the case may bp, has an evil aspect ,in tho eyes ;of such pre; judiced persons, and so also with medicine, law, etc. Yet. the fact remains .that thero are connected wiili tho Church, men capable of inspiring in their fellows the very highest ideals, which will lift the human mind into spheres of thought that must be productive of untold'good. 'Likewise in tho medical profession as in all walks of lifo, wo find men. of-, tho highest intelligence and capability; and thus it is absurd to make sweeping condemnations. ' . r So likewise, with, regard to the'establish-' merit of. a more perfect system of banking than that'which exists at tho present time, it by no means' follows that because people. who, have not .understood the; principles of banking,' and : .the nature' of/money, ..have' attempted methods of banking which, in the' nature: of tilings, ..must • have k' disastroris cifect/'tbat;' therefore," it is impossible' to establish a more perfect system of banking than ,that which exists at the, present time; .aridswhen- Mr/Blair talks;of "wild theories .being - promulgated" he probably includes evory attempt to establish; a perfect system of banking; As ono who claims to have 1 e.volved or invented a",perfect -and entirply new arid Original .system ''"of: banking, ;th'o operations of which ' would :be ' based upori l scientific principles,;! rcsnnt such sweemng statements' ns : those made' by Mr., Blair, presuming that my discoveries will : be r«gartled: 'by " that; gentleman as' ."wild theories'" '• '.Yet; I challenge' Mr. 'Blair. ; or anyone else ' W prove'tliot 'niy ' system "of banking: is not' capable of beinr. put Into • /practice,-; and. ,if put. into;; prentice,.- that it would not'"be productive, of ..'anuntold amount of good.— i T an, etc.., ; ' ;/; C P. ; TV. LONGDILL. Taihape, August 2. -; V ', -