Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-08-30

r
changes, and shout the large increase
in per capita circulation Of money. yet,
when we consider that in this country |
today, according to bank statements, |
there are over IS, 900, 900 600 on deposit In |
the banks, and when we further consid- |
ier the fact that, according to treasury |
statements, the entire amount of money |
OF all Kinds In circulation on the LIST day
OF August, 1898. was 1890, 900, 900. 1t |
must be apparent to all that at least
itwo-thirds Of the so-cal1ed bank de-
posits exist only by reason of credits
extended and exist only upon the books
Of the bank, the depositor borrowing his
own credit and checking against his
own credit for at least $4,000, 600, 900
which does not represent the invest
ment by the banks Of single dollar
cash, but by the control of the money
and limiting It's volume, the bankers
are thereby enabled to say who shall
save credit and who shall not; who may
speculate and who may not; who may
enter into legitimate business and who
may not"
The Industrial trusts were discussed
and the war issue taken up. In the
course of his speech against the war in
the Philippines the chairman said:
For the situation in the Philippine
islands the democratic party is almost
equally responsible with the adminis-
tration, because 1t was in the power of
that party to have defeated the ratff1-
cation of the treaty of peace with Spain,
which included the cession to the Unit
ed States OF whatever, If any. SOW
ereignty Spain had there. The admin
| fctr tar y,,f< ayo;x
out even an abstract of title accompa-
nying it, and the democratic votes nee
essary for the ratification of the treaty
of peace which included the cession of
the Philippines to US. and about which
we are now fighting, were given at the
instance and under the advice OF Will
liam ]. Bryan, democratic aspirant for
the presidency. We charge the demo
cratic leader with being party to this
wicked attempt to jump the claim and
seize the country of another people. and
this fact being admitted and confessed,
4 we declare that neither he nor his party
have any logical right to attack the adj
s ministration for trying to perfect Its
Z title to the Philippine islands, which
3 might have been defeated by democrat
ic votes in the senate, thus sending the
treaty of peace back to the peace con
ference with instructions to omit that
part which attempted to cede to this
country sovereignty over the Philip.
pines; and therefore both the republi-
can party, Bryan and the democratic
!, party are equally guilty in the prem
ises"
Concluding, he said:
In closing 1 wish to impress upon
, you the necessity of active work in pro.
mitigating these principles. We are this
! year lighting upon the skirmish line oil
/ the great battle Of 1900. While to q
superficial observer 1t may appear al
, this time that the peoples party which
we represent is but a handful; that we
2 have radical ideas; that we are de
handing some impracticable things
: that we are not skilled in finances; tina
2 we are not professors of politica
I economy; yet we believe that thes,
4 principles are founded upon true eco
r nomic science. We know that an edu
c cational work is going on among TIL
e people, and among many classes of PEG
], Pile which have not yet been identifie,
: with the peoples party organization
r and which will before long burst GU
: into wonderful growth and adhere t
y the political party which Is in the fiel
e advocating the principles which wi
II correct these economic industrial an
: financial wrongs and furnish the PEG
t pie cheap, economical, honest an
e patriotic government. 1t therefore be
r hooves us to keep in line; to keep on
: tlamps trimmed and burning; to propo
lgate our doctrines; to be earnest in sea
g son and out of season, and it will prof
q us to pay less attention to discussin
Il in the future the question of fusine
/. which is now buried in the democrati
q grave and its funeral sermon preache
: by the chairman of the democratic ma
II tional committee. Let US pay no atten
e ton to side issues. Let us pay no at
IL tention to and give no aid or comfor
n to either democrats or republicans, VIII
: want our votes only to elevate ther
q into office. but let us cast our votes fc
9 those self sacrificing men who, withou
e the present certainty of official reward
: patriotically consent to be our standar
g bearers. Let us not treat them with in
n gratitude by Withholding from them ou
n solid support, which we are moral
h bound to give them. The peoples part
may be SMALL but 1t is the nucleus an
q representative of principles which wi
j. make it a giant party