Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1892-09-17
STATE BANKS.

STATE BANKS.
The democratic party, if intrusted With
control of the government, is now pledged
to repeal the tax on state banks issues with
a view to putting into circulation again, un-
der such diverse legislation as a state may
accept a flood of local bank issues. Only
those who in the years before the war expert
enced the Inconvenience and losses attendant
upon the use of such money can appreciate
what return to that system involves. The
denomination of bill was then often no in
dlcation of It's value. A bank detector OF
credit or values. Merchants deposited sew
eral times during day, lest the hour of the
bank for closing should show depreciation
OF money taken in the morning. Travellers
could not use, in a journey to the east, issues
OF most of the solvent banks of the United
States and in consequence the money chang
er 8 Office was a familiar neighbor OF the
ticket effice and lunch counter. Farmer and
laborer found money received for their pro-
ducts of their labor deprecated when they
came to make their purchases and the whole
business country was hindered and burdened.
Changes may become necessary, but the
national system of currency safe and accept
able the whole country is a good fruit OF
bitter experiences, and am sure our people
will not consent to the reactionary proposal
made by the democratic party.
OCEAN CARRYING TRADE.
After reviewing the fact that the commerce
and ocean travel between this and other ma
tions is all done under foreign flags; and
that the ships doing this immense traffic are
under contract to be turned over to their
governments upon demand, to be converted
into armed cruisers, the consideration of
such contracts being liberal pay for carry
ing ocean muils; and that the tifty-irst cong
ress provided for an adoption of this system
by the government, he says:
The democratic party has found no place
in Its platform for any reference to this sub
ject and has shown its hostility to the gener-
al policy by refusing to adopt an appropri-
alton made during the last administration
for ocean mail contracts with American
lines. Patriotic people, worknlen in our
shops, capitalists who are seeking new enter
prises, must decide whether the great ships
owned by Americans, which have sought
American registry, shall again humbly seek
a place in the English naval reserve; great
ships now on the designers tables go to for
elgn ship yards for construction, and the
tunity of recovering place commensurate
with its wealth, skill of construction, and
the courage of its sailors in carrying the
trade of all of these.
TARIFF AND RECIPROCITY.
The persistent reviews at length tho &C
complished success of the tariff bill of 1890.
including its reciprocity feature, for which,
he says, "Great credit is due Mr.. Blaine for
the vigor with which he pressed this feature
upon the committee"
Continuing, the president quotes the ma
jority report of the committee on platform
of the democratic convention which was de- |
feated in convention) to prove the republi-
can contention that protective tariff in
creases wages of labor and fosters the grow tn
of American industries. The platform of the |
democratic convention as it relates to tariff |
would, says the president, if enacted into |
law, plunge the country into business con-
WILSON'S such es had never been seen. |
The president heartily accepts the fnan- |
cial plank of the republican platform and |
cordially endorses the resolution favorinR |
bi-metalism, and says he is firmly convinced |
that free coinage of silver at such ratio to |
gold as will maintain equality in their COM |
mercial uses would conduce to the prosperi- |
ty of the commercial nations of the world, |
one essential condition beng these dollars |
shall have equal acceptability and value in |
commercial transactions.
The president speaks words of love for the |
veterans of the war and says the ear that does |
not listen Nth sympathy, and heart that |
does not respond with generosity is heart |
alien and not of an American. The presi- |
dent deprecates mob violence, and says there |
is strong necessity for keeping out such I'M
migration as would lead to criminality and
to anarchy.
The democratic party offers programme
of demolition. The protective policy-to
which all business, even that of the impor-
ter is now adjusted-the reciprocity policy,
the new merchant marine, are all to be de-
but blown up. To this programme OF
destruction it has added one constructive
feature, re-establishment of state banks of
issue. The policy of the republican party is,
on the other hand, distinctively a policy of
safe progression and development. of new
factories, new markets, and new ships. 1t
will subject business to no perilous changes,
but offers attractive opportunities for expan-
sion upon familiar lines.