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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Nov. 29, 1907)
wr- s' The Gomiiionefe A M ' 6 VOLUME ..7. NUMBER i -V" .? xmwi r,.-.'' -. Section' can bo made tovthe use ofthe goVefn ihentfas a guarantor when it is amply protected from. loss. .. :i. - '' - " The only objection that is likely to 'be made IS' Hat state banks might be less" attractive to de pbslt5rs if national "banks are guaranteed, but there' are two answers to this objection. In the first .place, state banks are likely to suffer if this financial stringency continued, and -they- are "therefore interested in restoring confidence. In the second place, there Is no reason why state banks should not be protected by a simiTar sys tem under which the state would guarantee de positbrs in state banks' and cbllect the expenses from the state banks' -guaranteed; " '" ' Mr. Bryan proposed .when In congress the raising of a guarantee fund for the protection of depositors, but the bill was defeated by the larger banks on the ground, that the big banks would' have no advantage over the little ones if all:'depositors were secured, but now, that the big TJahks are suffering as much as the little Oris the objection will hardly be 'made'." The "plan then proposed would furnish projection as far as the fund would furnish it, but it would take time to raise "such a fund, and it is better for the government to make the se curity absolute by becbming guarantor, for this system can be put into operation at once and that, too, without expense tothe government, inasmuch as the banks VotUd -reimburse the gov ernment from time to time "in: case 'the govern ment was called upon to "pay the i deposits of any failed bank. Uv oooo )'. '" - yd ,f; "WORKING TOGETHER" j- vto: r?n an editorial entitled M Working Jflgetfter" the Wall Street Journal says; For1v2th& first time in many months the administration "and the leading financial interests of the country are working together, or ..at, least. . along parallel lines, for the "restoration Jof business confidence. tfThatNthere are still sharp and perhaps irrecon cilable differences between them as. to the many -issues entering into the question of the control of .interstate commerce goes without saying, but whereas lor a long time they have Tieen facing 'teach xther in angry contention, now they have apparently turned about, and fetarid -together, shdulder to shoulder, to face' a VastferlprobLom ia.n,dja more fearful pejrilr than -any involved in .-the xporporation question th'e problem and the danger of panic." .... mj-;.'; Mr Rooseyelt will -have to keep, tin- eye open while he and hiswhilom opponents are "work ing, together." They, wilt pat Jtlim on the back tw.hep lie jnakes a bond issued wkenlua' advocates pooling, when he favors the exclusive,., control Wycthe federal government .61 railroads and. they will throw their hats ,high, in the air when he yields to their pleas and in his message to con gress favors an emergency alias asset, currency. And then they will turn' upon their presidential iicomited with the same readiness with , which i&K? ,8elze an PPrtunity to oftprfess the people. qw xv.wr uave a care, Mr; rresldent! Bettor stand shoulder to shoulder -with thh npnnie w ;11 questions, even as you have done on some questions, than to trust, yourself .to the tender .mercies of men who know.no mercy in their .mad chase for the dollar. . . 4 . . , ,,,. si i OPEN THE BOOKS erning ; the publication of campaign "funds the Sioux City (la.) Journal (rep.) says: ; "it is Mr. Bryan's purpose to challenge the republi cans to meet him on the ground of publicity for campaign expenses, and the challenge ought to be accepted. Too much noney of the wrong sortwa gathered andL expendd oiv question able, purposes on both sides in the last' national campaign. Both parties .ought to be able,. to ralse clean campaign funds and expend.them in such a way that the light of publicitTan shine 2S.iVJranSf0t?11B- 7 ou Hics running Jjrgely.to the demand fp.r honesty -in business. pajgning."make SUre pf & IKlifcical - It .would be well if newspapers,. of' all politi- ,cal parties spoke promptly pon .this subject, thus creating a. public sentiment wiaich. political , managers dare not. ignore, . . , oooo ; TIME FOR ORGANIZATION' f tjmo'to'itjreaiiteo. Muchtijne is Wst Pel' &e- natIonal.?nv?ntion' before 'members 9L9 J? iPtetb' ,ihelrv Organizations aud got ready for work. T.h'erie-isVno' reason why this work should not be doheMa?tf6hiej so that when the campaign bpens the dubs canJget tb work immediately. In fact, much godd cduld bo done during th winter If wo had1 ur clubs already organized, for these clubs could hold open meetings and challenge republicans to dis cuss the abuses that need to be remedied, and the remedies prbposed. The Commoner, there- lore, nrges the immediate organisation -of cam paign clubs." ' ' - - Democrats of every community should ;et together and form a club, and go to work for democratic principles. If they are united as to the-platform that shall be adopted let them pre pare the platform and urge its endorsement in their precincts and counties. The nomination of a candidate should come from" the voters, and the platform .should tie written by the voters. But the Voters can do T-ery-littlO unless thOy are organized.' Organi zation is necessary to secure success. Let the work of organization begin; let the. clubs-be formed; let the candidate and platform be discussed., . : Then the voters will be. prepared to; instruct their delegates as to both candidate and platform. v The Commoner will be pleased to - report the formation of clubs, and as far atf possible It will present the various platforms suggested, in. order that its readers throughout the coun try:: may know: what 1s beingr said and dohe in the. various ''sections, . Now is the time k to organize. ..-, , '. -v- " xxx ,. UNFAIR CONSTRUCTION r - 'Mr, Bryan's attention has been -called to severaT editorials in "Missouri papers, putting ah i-uufair construction upon GovernoV '"Folk's visit to -Nebraska. Mr. Bryan invited Governor Folk to visit him as he has invited Senator Stoife and other Missourians: Governor Folk 'visited ihim, and- Mr. Bryan hopeS that Mr. Stone will findit possible to Geometer-Nebraska in th 6 near 'future,- but these visits must riot be 'construed as having any bearing upon the political situa tion in Missouri, or as indicating any preference between Senator Stone and Governor Folk if both of them-are' candidates for th:e same office! TMP'.nyAnhas,.made4.tta.frulQ,,not,to, take part In contests between democrats in the various states.,.. , , . '- " 'tv"-kl- .' ' , This" statement ismade tn'at the democrats .of ..Missouri may know. Mr. Bryan's.position,' and riot accept as true any statement that may "be made .by- the, friends, of the .-various- candidates ..'if h.ese.stajerijel),. either, directly or indirectly , Ch4te. Mr. ?ryto jwith,ttempting to. influence public opinion linlfay.pr of or against "eitlier Sen ator Stone or .Governpr F61k, or any otfter dem ocrat who aspires to public office. Ki.f 4 '' ; oooo GRATITUDE! Louis F. Post editor of the Public, has' a way of hitting the nail on the head. He never 4nade a more, certain strike in that direction '..than .when he wrote: "TJiese expressions of gratitude to Pierpont Morgan and John T. Rock e'felleY for throwing in "their millions and 'sav ing the day are. singularly disgusting specimens 0& toadyism. Thanks to the financial distress which is ruining its thousands, Mr, Morgan and th.e Standard Oil crowd have picked up. control ,of; a, continental railroad, a big trust company, and the.only great competitor of their steel trust. The" suffering of others has made a harvest lor V oooo IT ALL DEPENDS ...1. In criticising those wno noard their money in secret placeB, only to have it stolen, the New ,Tpr Herald yfl: "A thief can not negotiate ?,a nbn-transferahie, dividend paying stock" It all depends ;ori Whether the ' thief is a mere -pb"rcli cllmher br;sdpond story worker. dfv an eminent financier,, 'who plays " the "Raffles" act fi-om'the inside,' .. -;. .'',..-.. jOOOO THE THREAD TRUST Buttressed "behind a protective tariff that permittedthe organization, the thread1 trust re cently announced, an increase in the price of ?thread amounting to; more than twenty ner cent The trust did this, Knowing from experience ..that the people were very patient, and also very thoughtless. They would not mind ' such trifling thing, as .advance, of one. centra Spool in thread prices, But to quiet clamor .the thread .trust advanced the plea that the price had to be-increased" on account of th'fi'fTiorn , paid for' labor and raw material Tdi Pr,co comes tie .annouricement that ; So n ? now has declared dividenfipf try what of it? 'The neople will nnf CSJ e,nt But to such a little thing "as advanced nybJect a spool iri-th'e price It tHread? SurGlv ?? Cent be willing to "let well enough alone? y hey Wil1 : OOOO . an;.jsbsobd -interview" s The. Kansas-City (Mo.) Post in-its issu n taSESfi? saId;tllat Bpatches from'w sS togton in the morning papers of that day auotefl WT'JBXXM. asLhaving made this statement: i '? am deposed to believe that the most unfortunate apt of. Andrew Jackson's admta- Ration was his veto of the act renewing the charter of the United States banks I say this, recognizing that no act of his was more popular at the time and from then . until nowj none has been more universally ; approved by. the American people. A largo central bank, clothed with authority to dis- : count commercial paper and to issue cur- , rency against the same as in other great I conimer.cial countries,, would do much to prevent a. repetition of conditions such as , we are now experiencing, but the American people are Against such centralized commer- t cial power, and I do not believe five per , cent of either house, of congress could be .induced to votetherefor. , Much good would ne accomplished if the bants of this coun- ( f ttry were permitted to indorse acceptances . dra-rn ;against actual values and in the ordi- 'nary course of trade without reporting the Bame as Te7discount. Another essential is .",. s?e.at reservoir corresponding to the cen- traj-bank of other countries, where in times "" of .pressure the.excess,of credit can be stored and notes' issued against it.,V-. '' .'The Commoner has no' doubt that the little chap who does duty as offide boy in the sanctum -of the Kansas 'City Post could have told the editor.' of. the Post that Mr, Bryan never made the statement attributed to him'.- But the editor quotes the' ;errorie1)us ' matter aiid pi-oceejis to read' Mr. Bryan out of-'the' democratic parfyV i ' .01 course Mr-i Bryatf- did i(ot in'a'kO' atiy'suca tatemOUtV. By soMe.' stianS mistake in news paper dispatches-the statement, as printed above, which .was really made' by Former Secretary of the Treasury -ShawV was attributed to Mr. Bryan. The. -Kansas City Times from ' whose morning edition the Kansas City Post obtained this state ment printed in its evening edition this correc tion: -"A statement by ex-Secretary Shaw of the treasury department, in NewYork last night, in. faVor" of a federal bank, was, by an error, credited in the Times this morning to William J. Bryan." . 'This isjadi the first iime. the Post has, while .professing 4 friendly spirit ' toward Mr. Bryan, shown a. disposition to sei?e the' smallest pre text to .attack 'him. The Post is of course en titled to its own opinion1 and whatever its opin ion concerning Mr. Bryan The Commoner has no complaint to make. . But if the Post would create among its democratic readers a prejudice against Hr. Bryan it ought, in justice to itself, to adopt some more plausible basis of attackthah the claim that Mr. Bryan made an assault 'upon the. memory of Andrew Jackson. OOOO IABOR ORGANIZATIONS Senator "Beveridge uses Italics to emphasize his statement -'President Roosevelt, in five 'years, has caused more Injunctions to be issued against lawless trusts and directed more crim inal prosecutions against migmjr law violators than was done during the four preceding ad ministrations combined." : As President Mc Kinley1 presided oyer one of these administra tions and President" -Harrison' over another, the senator's comparison reflects Undn conspicuous members of his own partyy There is no objection to mis eulogy of the" "present president at the, expense of the. former republican presi dents, but ho should remember' that the influ ence of President CleyelandJS administration was thrown, against the democratic ticket in 18S6, andsfcfl 'ought not tof .charge up any of the delinquencies of that administration to the demopratic , party. But , while President Pyooseyelt has, commenced I more, prosecutions than his ; predecessors, he-'has ..not sent tho mightyula;wyioiators, to '.penitentiary yet. How mn.nv triiRtH .Imv.lioAn Avfcrmlnated? And at the rate the president has gone, when UU:'. J. -wWWv lrf. r.i.tq w.j,'utvjr.,., ,tf,,r lilt.$ltJfji ;)-"