The Red Cloud chief., 1902-10-17

Ntrtlnfil IultS, McaOrNe .... GIbi0 81
Average monthly Invested In
vestinont funds, Sulefcr ....... III, $40. u
Average monthly Investments
OF sinefcr exceed Mcserve, :, s.sn.o
Average monthly balance In
ves,mcnt FUNDS, Mcssrvc ....,.s si5,on,0
Average monthly balance In
yestfncnt funds. Stucfer .....,. Nl. 179.S6
Average monthly balance OF
Stucicr less than Mcscrvc....S ll3,3l2,S3
Average per cent Invested IN
Ncstment funds, MescrNe Geo. 1t.<
Average per cent invested In
~NostniCnt funds. Stuefer ....... as
-
Average yer cent invested by
Stuefer exceeds Mescrve -. Isl
Average per cent uninNtSted by
Average per cent uninvssted by
StueIer go
Average per cont uninvested
by stueftr less than Messrve G1
These figures need no comment. They
speak for themselves. There must be
some action taken In regard to the in
vesttnent OF this fund. or Its a%ccuinula-
tions will most seriously embarrass flu
ture treasurcrs. and result In large loss
TO the school interests OF the state.
Trust Question.
Since the business and productions OF
the country have grown SO enormously
uilu out ipItlbh tAtbit HiNt TthtIltu
a figure that astonishcs the world.
America has come to be n credit ma
ton. reckoncd with by all other ma
lions who want TO negotiate loans. and
large a~ggregations OF capital have be-
come necessary.
individuals are unable TO carry on
such s~tupenduous enterprises. and
large corporations have been formed.
some of which are known as trusts.
Selishncss Is predominant In hui
man nature. and great power IL always
liable 10 be abused. Consequently n
comparatively new problem Is forced
upon the attention OF statesmen and
demands solution Mt their hands. The
republican party liz accustomed to meet
large problems ard In the infancy OF
this danger passed legislation for the
purpose OF controlling II.
The Sherman law was passed by con
gress. and in our state n law was
passed Intended to mitigate the evil.
Experience. however. has shown that
the general government is hampered
by the divided responsibility which UNI
der our present constitution II must
share with the states. Under our form
OF government each state can pass
such a law as II chooses, and unifor-
nifty is not secured.
New Jersey. with a selfish purpose,
on account Of the fee for filing which
She charges, Incorporates all kinds OF
trusts and turns them loose upon her
sister states who are obliged to give
her acts full faith and credit.
Each state IL also confined to the
business done IN its own borders so
that experience has shown that larger
powers must be given the general row.
IN II this great question 10 TO be
successfully handled.
Fortunately at the head OF our par
ty Ia that man whom we all believe
IN In hnnnut nRI 1apntaI In tho hnut
interest Of the whole people. We know
him to be fearless and an untiring
worker, and he is bringing all the pow
ers OF his acute mind to this problem.
He has concluded that II will be nee
essary to enlarge the powers of gov
eminent, and. If IT shall be u nee
cssary. by amendment OF the consti-
tuition. In a speech delivered at New
port. II. J., August % of this year, he
says:
THE immediate need In dealing with
trusts is to place them under the real.
not nominal, control OF some sovereign
TO which, as it's creatures. the trusts
shall owe allegiance. and in whose
courts the soveTeiSn's order may with
certainty be enforced. This is not the
case with the ordinary so-called
trusts today for the trust IL a large
state corporation. doing business in
other states also. and often with the
/ ttllu'1lIy W IIloIOIo1N.
Alsa at Ellsworth, Me. August q, he
says:
ION the ono hand let men OF great
wealth realize that in seX;ing for this
remedy we are both unalterably bent
upon finding Il and are doing 1t in no
spirit of hostility to them, but In q
spirit to find out What is best for them
and for all OF us alike. That IL what
they must realize. And on the other
hand. let those who feel that there Is
something wrong and they do not quite
know what, avoid above all things be-
Ing led to act In n spi it or ignorant
envy. or rancor. general or sectional"
Fellow citizens. With the utterances
Of the trusted leader of our party whose
character IL established for honesty
and thoroughneBs, who never promises
what he does not mean to perform. and
the History OF the success OF the re-
publican party In graphing with and
settling satisfactorily the large prob
lens which have come to MS In the
past. I think we may safely "a this
question, certain that wise measures
will be decided on, and that or inter-
ests will be taken care OF.
Patriotic Idcns.
The republican party has always been
patriotic. 1t rejoiCes, and has a right
to rejoice, that in all the trying times
In the nations history since it's organ
~ization, il has been loyal 10 the coun-
try, and believed in the business OF it's
cause. 1t has left the work Of criti-
cism. doubt. peBsimism and viewing
with alarm" to others. When glorious
results have been achieved 1t has al
ways been able to be glad without hav-
ing to apologize. TIL flag OF our coun-
is seen. republicans hail 1t with de-
light. II believes that wbere IL Hoa IA