The commoner. (Lincoln, Neb.) 1901-1923, January 01, 1914, Page 4, Image 4

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The Commoner
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Now for a Guaranty Law
The Commoner
ISSUICD MONTHLY
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Ehtorod at tlio Fowtofflco at Lincoln, Nobruaka,
nH flocond-claHH matter.
WJ1.UAM J. llllYAN ClIAIM.KM W. IlllYAN
KtlJtor and Proprietor AmooJhIo Kdllor nnd I'ublMior
ICrtllorlnl Itouuin nud UiirJiioiw Ofllco, .TM-330 Bouth TwolfUi Street
Oho Year 91.00
Six Moh li ....... .C
In Clubfl of Flvo or
moro, pot yoar... .75
Three MonlUn .,.,, .25
.Single Copy ...... .10
Bamplo Copies Free.
Foreign Po&t, 2Cc Extra.
HUIIHCUII'TIONS can bo wont direct to Tho Com
moner. They can alo bo nont through nowspapora
which have advertised a clubbing rate, or through
local agent!!, wlicro nuch agcniR have boon ap
pointed. All remittance!! tihould bo Bent by post
ofllco money order, express order, or by bank draft
on Now York or Chicago. Do not Bend Individual
chocks, stamps or currency.
HHNIQWALS Tho dato on your wrapper shows
tho tlmo to which your subscription la paid. Thus
January 14 moans that payment has been re
ceived to and Including tho Issuo of January, 1914.
CIIANGIQ OF AI)UI3SS Subscribers requesting
a change of address must give old as well as new
address.
ADVMUTISING Rates will bo furnished upon
application.
Address all communications to
THE COMMONER, Lincoln, Nob.
years ago. Ilonco aggregate production aver
aged about 13.6 per cent Iobb than a year ago
and 2.9 per cont more than two years ago.
DEPARTMENT OF COMMERCE
Tho bureau of foreign and domestic commerce
has openod an ofllco in tho customhouse, New
York, and will shortly open offices in Chicago,
Nov Orloans and San Francisco. An experienced
mombor of tho staff of tho bureau will bo in
chargo in each city for tho purposo of giving in
formation concerning tho work of tho bureau
and to assist merchants and manufacturers in
tho development of foreign trade. The publica
tions of tho bureau will bo on fllo and these
lofllcos will be made sources of information and
jassistance to all desiring to cultivate export
business.
One spocial feature which will undoubtedly
interest business men and commercial organiza
tions generally is an arrangement mado with the
cordial aid and cooporation of Mr. Wilbur J.
!Carr, director of tho consular service, depart
ment of stato, whereby consuls who are in this
country on leaves of absence will visit the offices
as convonionco permits and make them places
for mooting tho representatives of business
houses who may desire to cultivate business In
the particular foreign field in which the consuls
.reside. Due notice will be given in advance
'through tho daily consular and trade reports of
'the bureau, through spocial notices to business
houses which may have filed their names with
the bureau as interested in that special foreign
field, and through advices sent to the trade and
commercial organizations of tho city and the
district in which tho ofllco .Is located.
Another featuro of tho work of tho bureau
which has interest for tho business world Is that
its commercial agents on their return to America
will attend trade conferences or conventions of
persons or organizations interested in special
lines of investigation, in order that they may
personally inform manufacturers and merchants
of tho result of their studies in the foroign field
concerning their own lines of manufacture. For
example, at tho convention of the National Can
ners association, to bo held in Baltimore early
In February, It is expected that Commercial
Agents E. A. Thayer and J. Alexis Shriver will
0
WANTED To correspond with Demo
cratio Stato Chairmen, Comity Chairmen
Secretaries, Members of Democmttc State
Committees, Precinct Committeemen and
others who are interested in circulatinc
Democratic literature and organizing for
the state and congressional elections tliis
year. Address The Commoner.
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0.00000
Tho democrats of tho senate attempted to
secure a clause in tho currency bill insuring
bank depositors. Tho opposition of tho houso
compelled tho senate to surrender this provision
but tho fight was worth making. It developed
tho strength of tho sentiment back of this re
form and makes certain the passage of a special
law of this subject, and why not? Even the re
publican opposition is breaking down. Just
what form tho guaranty law will take no ono
can at this timo predict, but there is no doubt
that ultimately tho federal government will
stand back of every deposit and make it as good
as a bond. A very- simple law, something like
this, would bo sufficient: 'First. Upon the fail
uro of any bank, it shall be the duty of the
comptroller to take possession and pay all de
positors in full. Second. It shall bo the duty
of the comptroller to collect quarterly from each
bank its pro rata share of the sum paid out by
him during the preceding three months to de
positors of failed banks plus interest on the same
at tho rate of three per cent and cost of admin
istration. If it is thought best, this system can
be adjusted to the new currency law and the
banks, instead of being in a national group, can
share in tho losses within their district. Such
a guaranty system would Involve no risk to the
government because it is in a position to compel
the banks to reimburse it, but it would lessen
the number of failures and entirely protect busi
ness communities from the embarrassment which
follows a failure. It would too, make the postal
savings bank unnecessary, for every depositor
would be as safe as the depositor in the postal
savings bank now is and the security would ex
tend to the checking account and be without
limit. W. J. BRYAN.
bo present, both having recently completed long
foreign trips while studying the opportunities
for the development of a trade abroad in Ameri
can canned goods. The purpose is to have these
gentlemen meet directly the manufacturers for
whoso goods they have been seeking a general
outlet. In the same way it is expected that these
commercial agents will visit the cities and locali
ties most interested In the production of the
goods whose markets they have been endeavor
ing to extend, and that they will there also
come into personal contact with practical pro
ducers. .,,. BUREAU OF FISHERIES
A few months ago Secretary Redfield approved
a plan recommended by the commissioner of
fisheries whereby the propagation of the eastern
lobster in Pacific' waters was to be attempted
and, by way of reciprocity, a determined and
well-sustained attempt was to be made to intro
duce one or two species of Pacific salmon on the
Now England coast. The propagation of lobsters
on the Pacific coast had been under considera
tion at various times for many years, but the
efforts had not been sustained, the plants had
been small and scattered, and the net result had
been nil. The plan approved was to utilize the
female lobsters which had served their purpose
at the New England hatcheries, supplementing
them with a supply of males and egg-bearing
females; and to make several car-load shipments
each season, depositing the lobsters in some
definite locality whose suitability had been de
termined in advance.
The first shipment of Maine lobsters has just
been made in furtherance of this plan to estab
lish the eastern lobster on the Pacific coast, if it
can be done. The shipment consisted of 4,007
adult lobsters packed In 200 crates in a special
refrigerator car and went through in five days
and four hours. It was the most successful ship
ment over made, the loss in transit being only
11 per cont, and the survivors being in a strong
lively condition when planted. All preparation
had been made in advance to handle the lobsters
on their arrival and they were taken to the San
Juan islands in northern Puget sound and
liberated without delay. This archipelago of
numerous rocky islands was selected as the point
of deposit because of the favorable conditions
of bottom and water existing there.
It is proposed to make similar shipments until
the lobster is firmly established in Pacific waters
or the impossibility of its introduction there is
demonstrated.
Representative Lenroot of Wisconsin a pro
gressive republican, voted for tho conference re
port on the currency bill because "under this
measure the reserves in Wall street can no
longer be used in stock .speculation, but will be
used to meet the commercial needs of the coun
try." Which, it may be mentioned, is about as
good a reason as anybody could give for support
ing the bill: Yet sixty republicans in the house
rejected it, and voted no.
It is now nearly nine months since the Mexican
problem was dropped into the lap of the presi
dent by his predecessor in office. During two
thirds of that time the administration mteht
have gone to war with the southern republic
without having imperilled its popularity either
at home or abroad. The last few weeks have
demonstrated to the satisfaction of even the
worst of the jingoes that the national honor
can be maintained without threshing somebody.
There is no longer any doubt held that the policy
of the president will bring the desired result
without the sacrifice of the life of a single
American soldier.
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THE COMMONER'S FOURTEENTH
YEAR
In its initial number The Commoner
said: "The Commoner will be satisfied
if, by fidelity to the common people, it
been chosen." At the beginning of each
It is not for The Commoner to say
whether it has proved its right to the
name it bears. It is enough to know that
its efforts in the advancement of the
ideals to which it stands committed have
met with hearty appreciation from every
section of the country. The kind words
and the generous co-operation, of which
The Commoner has been the grateful
beneficiary since its birth, have greatly
encouraged The Commoner's editor and
all the members, of its vorking force
The Commoner has lived to see the
triumph of many of the reforms which it
has advocated. The year 1913 has been
a year of victory, yet The Commoner
feels, as it enters its fourteenth year, that
its most important work is before it Its
duty can not be successfully discharged
without the faithful co-operation of the
rank and file of democrats. Now, more
than at any other time in the party's his
tory, there is need for earnest work in
the advancement of democratic princi
ples. The most important task of this
2E,Wll e tllQ eleCti0n of a Na
tion f Th make P0Ssible the continua
SSL ,th g00d work already accom
plished by the present administration, it
s imperative that the 64th congress to
be elected this fall, be democrltic and
with a good working majoritv Ir lc
time to relinquish efforts EvWy demo
crat should realize that this year i? a!
critical time in the history of the demo
cratic party. Its future success- Si
opportunity to serve the people of th s
nation will depend on the verdict rami
ered at the congressional elections this"
prod in & LVT
of this publication wiTever bS
in support of that doctrine wherefn the
people are recognized as the source of
power, and where "the greatest good to
the greatest rmmhnv" i, s. bUoa lo
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