The commoner. (Lincoln, Neb.) 1901-1923, February 01, 1922, Page 4, Image 4
syw: The Commoner 4 'V VOL. 22, NO. 2 SS3E3EZEH ft IIP K ft- The Commoner ISSUED MONTHLY Entered nt the Postofllco nt Lincoln, Nebraska, as Hoeond-claflB matter. WILLIAM J. BRYAN, CHARLES W. BRYAN, Editor and Proprietor ABnoclato Kd. and PubllsluT Edit. Itma and Bufllness Office, Suite 207 Press Bldg. One Yoiip 51.00 Three Mnntlw Sis Month no Single Copy . .10 In Cluba ,of Five or Sample copies Fcoc. t more per yoar ... .75 Foreign Post. 25c Extra silUSGItlPTlONS can bo sent direct to The Com moner. ThjSy can also bo sent through newspapers which havo advertised a clubbing rate, or through local agontH, .where such agents havo been ap pointed. . All, remittances should bo sent by post ofllce money order, express order, or by bank draft on New York or Chicago. Do not send Individual checks, stamps, or currency. IligNlfiWALS Tho dato on your wrapper PhowH the time to which your subscription Is paid. Thus. January 21 moans that payment has been received to and Including tho Issue of January, 1921. CIIANGIO OF ADDIirasS- Subscribers requesting a change 'of address must give old as well as new address, ' ' ' ADVERTISING -Rutcs will bo furnished upon application. Address all communications to x THE COMMONER, LINCOLN, NlCn.! ; ' ' i' . ... A. CURRENCY FOR EUROPE it Senator Robert L. Owen, of Oklahoma,- pro poses a Foderal Reserve Foreign Bank for' Europe. ' ' Senate Bill' 2915, presented by Senator Owen' to tho Republicans inviting them to adopt v ft, provides for a Federal Reserve Foreign Bank' with flvo hundred million gold capital furnished by tho gold now held by tho twolve Federal Re servo Banks taken out of the present 35 per cent gold reserve against deposits. ' It proposes to have branches in Europe and to issue a maximum of twenty-live ' hundred" mil-. lion bank notes securod by qualified acceptable bankers' bills of short maturities, not .over ninety days, whore such bills' are themselvfe socured by staple, merchantable, insurod1 commo dities of 100 per cent value, such notes to have n 20 per cont gold reserve; the Bank tp be a part of the Federal Resorvo System under the government of nine directors appointed by the United States Government. The" bank notes would be redeemable in gold In London, Paris and Berlin by member banks only. ' v The purpose of this currency would be, to fur nish a stable money with which to measure business contracts in manufacturing, buying and selling commodities.. Senator Owen argued that Iho one great over whelming need of Europe is a money as stable as gold in the pockets of the people, in the tills of the merchants and manufacturers and busi ness men, and in the vaults of the bankers. He said European business "men would re joice to havo tho use of this gold currency. It would tend to immediately stabilize contracts and credits. It would at once stimulate increased produ'c-' tion in Europe. It would stabilize oxchango. It wou)d mako the gold dollar tho standard measure of international contracts. It would greatly assist Germany to meet its reparation bills in gold payments and thus help France, Belgium, Great Britain and Italy. It would make tho United States the greatest and most useful servant of mankind and entitle, America to .tho increased respect of tho whole world. . It would enable Europe to create the commod ities needed to pay America fifteen hundred mil lions of debts and the interests thereon. It would enable Europe because of its in creased producing power to increase its pur chasing power of American commodities and thoreby help restore the industrial depression in America. It will preserve a gold standard and prevent Europe going permanently to a paper-money business. It will earn a minimum of seventy-five mil - lions of gold per annum. It will stimulate our foreign commerce and expand our exports and Imports. It will increase the employment and the wajres of labor in tho United States and go far to re lieve our present industrial depression The "Bloc" Is Not New Tho Eastern papers are bitterly complaining of tho "Agricultural Bloc." Some go to the ex tent of denouncing it as unpatriotic if it be comes any more effective than it is, it is liable to be called treasonable. All this agitation about the agricultural bloc is very amusing. There has not been a time in thirty years when there was not a Wall Street Bloc, a Big Business Bloc, a Manufacturers Bloc, or a Brewers Bloc. Every important question is liable to shatter party lines. When prohibition became a real issue the drys as well as tho wets ignored party lines and stood for the wishes of their constituents. The Eastern members never regard party lines when a question comes up that touches the financial interests, the manufacturers' interest, or the big corporations. The formation of a bloc is not unusual and cannot bo regarded as improper. The only criti cism that can fairly be made against the agri cultural bloc is that it has acted in the op?n. Its membors havo not been ashamed to proclaim their purpose to ignore politick, and to defend the interests of tho farmer. The financial bloc always Worked under cover as do the blocs that promote the interests of big business. The agricultural bloc is largely responsible for the most valuable legislation we havj thus far had in this congress; it securod the passage of the bill regulating the packers; it is responsi ble for the passage of the bill that protects the farmers from those who used to gamble in his products. The agricultural bloc" has recently secured for the farmers a representative on the Federal Reserve Board. This much they have done In the way of securing affirmative relief and then have furnished the nucleus around which a sufficient number of senators and mem ber's gathered to prevent the big business bloc from reducing to the extent they desired the taxes on big incomes. They were not able to .prevent all the reduction attempted but they kept the rate eighteen per cent higher than the big business bloc wanted it. Success to the agricultural bloc. - - W. J. BRYAN. ' SCRANTON'S MAYOR . The people of Scranton, Pennsylvania, have elected John F. Durkan mayor, and they did it knowing that he stands for law enforcement. It is refreshing to find such a man chosen as the city's executive, and it is equally refreshing to read in his first message the following statement of his policy: "In the matter of crime and vico I stand for repression. Tho 'Thou shalt not' of the decalogue is as imperative today as it was when first writ ton. The spirit of the times may tend toward a policy of condoning, regulating, or segregat ing, but it always occurred to me that it was the height of presumption that men of our day should assume to take issue with the Creator on questions of morals; contending that the times have changed and conditions are such that what is wrong in His eyes might be regulated, di rected, or supervised in a manner that would, bring It within the pale of tolerance n- wShaJI Gnforce the w as it applies 'to the E-,s?it,ee?t ameiment. The apparent disregard of this federal enactment is a reflection cm our Americanism, and it tends to weaken our faith in constituted authority." His election is one of the signs of the times and a, good sign. The era of lawlessness is near ng it and; the virtue of the people sb gran ng to assert itself in the selection of of ficials pledged to enforcement. W. J. BRYAN. THE WOODROW WILSON FOUNDATION (By Hamilton Holt, Executive Director) naJLon"w,Je Wbute to former President Wi son through which the ideals and principles which he voiced for the world is how under way in -the 48 states of the Union and the District of Columbia. The plan of tho Woodrow Wilson ?ftuntIon callB for thG national tribute of $1 -000,000 or more with which will be endowed America's own "Nobel prizes" the Woodrow Wilson Awards for "meritorious service to cl J mocracy, public welfare, liberal tWht peace through justice." ougnt, or Each state has been divided into districts with men and women appointees accepting the re sponsibility ot taking care of the campaign in their own localities. Hundreds of friends of the former administration, friends of the broad idealism which Mr, Wilson bespoke, Demons Independents, and Republicans, alike hav if8' come parties to thid movement to estabiiSi i America awards somewhat akin to tho Nob l The opportunity to contribute to the Four, i tion comes a little over a year after thn 2 i i to render a tribute to Mr. Wilson was DronnVa? On Christmas eve, 1920, a group of woS meeting at the hoirie of Mrs. Charles L Tiff in Now York outlined a plan to honor tho Imfi who was two months later to leave the win House after eight of the most momentous von 2 of the world's history. They did not ffi what would be the verdict of history with rVf erence to Mr. Wilson. Rather it was their in lention to "steal a march on history " to hmT or an American while he was still living The plan was discussed with friends'of Mr Wilson nnd .was first- made public at a creif winter's day meeting at a New York hotel Sinca that time the purpose of the Foundation has been defined in the following terms: "Created in recognition of the national and international services of Woodrow Wilson twice President of the United States, who furthered the causo of human freedom and was intru mental in pointing out effective methods for tho cooperation of the liberal forces of mankind throughout the world.. "The Award or Awards from the income of tho Foundation, will be made from time to time by a nationally constituted committee to the in dividual or group that has rendered, within a specified period, meritorious service to democ racy, public welfare, liberal thought or peaco through justice." To all who subscribe to the foundation a certificate is being given. The central figure to this is a portrait of Woodrow Wilson. The executive committee of the Foundation is headed by Cleveland H. Dodge of New York, as chairman. Franklin D. Roosevelt is chair man of the National Committee. National Headquarters are at 150 Nassau Street, New York City. MR. BRYAN AND THE SENATORSH1P Miami, Fla., Feb. 1.5. It is entirely up to the Democrats ,of Florida whether William Jen nings Bryan will run for" the senate, Bryan said in a statement today. "If the Democrats of Florida feel that as a senator I could render sufficient service to the state and party and nation to justify calling upon me to represent them at Washington," sard Mr. Bryan, "I would consider tho matter from the standpoint of duty and in connection with other claims upon me. But I havo no thought of entering into a 'contest for the of fice. "Tho nominations that I have received two for congress, one for the senate and three for the presidency have been tendered me prac tically without opposition and I haye prized them as expressions of confidence. "No friend will expect me at my period in life, when my political record is known to all, to solicit support or to take the risk of alienating those pledged aspirants. "I am looking forward to congenial associa tion here with Florida- Democrats who havo been my co-laborers for a quarter of a century. I am sure our relations will be pleasant so Ion? as my plans do not conflict with the ambitions of others or their personal preferences." VENIfcELOS VISITS MIAMI Eleutherios Venizelos, former premier of Greece, arrived in Miami late yesterday after noon for a two-day visit. Mr. Venizelos was met at the Royal Poin ciana hotel in Palm Beach yesterday noon hy a delegation of local Greek residents who es corted him back to this city. The Venizelos party consisted of Mr. and Mrs. Venizelos and Mr. and Mrs. Michalopoulos. Mr. Michalopoulos is Mr. Venizelos' private secre tary. Tho party will join two more couples in Cuba and will then tour South America. Following the reception the party was sup plemented by William Jennings Bryan, F. B. Stoneman, T. G. Delyarinis, Theodoro Melanoses, Miss Marguerite Galatis and S. P. Robineau, who took luncheon at the hotel. , Following the luncheon, Mr, and Mrs. Veni zelos, Mr. Bryan and Mr. Delyannis,. entered the automobile which had been provided by the Lindsey-Marmon company, and started ior Miami. The other cars fell into line and fol lowed. The former premier party then sped on its way to Villa Serena, the Bryan estate in Miami, whore a social call was made on Mr. and Mrs. Bryan. Miami Herald. r-J- . -.: ' " . JSUrt- - " &' L-. -UJktSM''MiifdaMll afcLaJJLJtr'.; ..lj. .