Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-07-11
Public Opinion on Iowa Subjects
asReflected in the Iowa
Newspapers.
The News Of Iowa From Hun.
dreds Of Different Towns
end Communities.
NO SHELTER FOR MONOPOLY.
TSioIy t,it,- Jo,,rpul

NO SHELTER FOR MONOPOLY.
[SiouX City Journal1
The republicans of Iowa. While stand
ing by the historic policy of the repub
lican party in giving protection to nom,
industries, no doubt favor sucl
changes in the tariff from time to tim,
as become advisable thru the progress
Of our Industries and changing relations
to the commerce of the world Tie re-
| publicanS of Iowa no DOUBT Endorse
the policy of reciprocity. and urge its
| development as necessary to the realiZ-
alton of our highest commercial posi-
| bilities. The republicans of Iowa nc
doubt favor such regula tons. restric-
tons or prohibition upon corporate
management as will protect the indi-
vidual and society from abuse OF the
power which great combinations OF
capital WELD The republicans OF
Iowa no doubt are in favor of ANY
modification of the tariff schedules that
may be required to prevent their af-
| fording shelter to monopoly 1t may
| be asserted that the tariff is not TO be
held responsible for any of the evils
complained of in connection with great
| combinations of capital Whether or
| no, the republicans of Iowa are pre-
pared to say that they are not in favor
of supplying shelter to monopoly by
means of tariff rates. III evil of that
kind exists. or if it shall hereafter APP
pear the republicans of Iowa are in fa-
yor of using the pruning knife. That is
the answer of the republicans OF this
state to all democratic suggestion along
that line.
Another and important thing the re-
publicans Of Iowa favor. They favor
reciprocity with Cuba on the line of
Presidents Roosevelt's policy. They be-
lieve with the president that we sustain
peculiar relations to the people of that
island and that events have placed US
under both legal and moral obligations
which in justice to ourselves we cannot
avoid. The platform of this year should
make unmistakable expression on this
line.
DANGER IN LAND SPECULATION.
Register and Leader.]
While all of these considerations give
assurance that lands in the long run
will be safe and profitable investment,
it is nevertheless true that the land
movement has developed a speculative
phase that gives occasion for some APP
prehension. 1t is the only dangerous
feature visible in the present prosperity
of these states. The movement has
passed beyond legitimate purchases of
settlers and investors until speculative
buying has become the most important
factor in prices. That is the usual re-
suit of rapid rise in prices and it al
ways creates dangerous situation be-
cause speculative buying must come to
an end sometime, and when it does
there is at least a temporary reaction
and somebody is usually hurt.
If all people who are buying lands are
investing their own money and are in
position to hold their purchases indef1-
nitely there is no occasion for concern,
but if, as there is some reason to fear,
considerable amounts are being bor-
rowed from the banks to make these in
vestments, it is time Il check was put
on the movement. 1t doesn't follow be-
cause man is good" /. e., owns prop
erty amply sufficient to meet his debts,
that he is entitled to accommodation 1T
a bank. The bank must accommodate
him with money left by its depositors
subject to their call and it is bound to
know that the borrower is not only
good" for it some time, but that he has
the kind of resources that will liquidate
it at maturity. That is the difference
between helping a man to feed cattle
and helping him to speculate in Mime
sofa land; it is the Difference between
irc fa r..
ment.
There has been an enormous increase |
in the available wealth of the country |
in the last five years, but the invest
ments of our people have more than
kept pace with it. There has been a
great increase of bank deposits in the
west and an even greater absorption of
them. Somebody is borrowing them,
and Il word of caution against promot-
ing land speculation would seem to be
in order. The Iowa deposits will be
wanted at home this fall to meet the
needs of Iowa trade and industry, and
to supply the latter is the first duty of
Iowa bankers.
POTTAWATTAM1E PLATFORM.
[Council Bluffs Nonpareil.l
Pottawattamie county republicans
yesterday took a progressive stand up
IN the tariff question, declaring them
selves in favor of modification of the
existing schedules wherever present
may make it advisable and
Whenever the present provisions of the
.ariff law shall aid any combination or
rust in the oppression of the people.
does their platform rec
that there be modification and
of the Dingley schedules on
steel and iron.
This declaration in favor of moditi-
,ation in the present republican tariff
'ates is not heresy, it is good repub-
icanism and in full accord with the
declarations of last years state plat
orm, altho somewhat more pro-
bounced. The republican party holds
10 tariff schedule sacred; its steadfast II
allegiance is due only to the protective
yStem and that must not be con-
ounded with any particular schedule
The protective system contemplateS
he erection of tariff barriers only to
prevent ruinous competition With for
ign industries and cheap foreign la