Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-17

fect1y sound and solvent institutions
thru the press in its eagerness for sem
sationalism.
The bankers Of every state and OF
the nation stand as unit for equit-
able laws. both federal and state, that
will give protection to the public.
When defects in our laws come to our
notice, the bankers. thru the mediums
Of the state and national bankers as
sociations, stand ready to present and
will present at the first opportunity
such recommendations for laws to the
proper authorities as will cure the de-
fects.
Against Public Ownership.
"There is considerable agitation for
federal, state or municipal ownership
of public utilities. Just what is meant
by this or what Institutions would come
under this head / have not yet seen
clearly defined. 1 am opposed to all
such political buncombe, no matter
where 1t may originate, and favor only
such laws as viii give to every man
a right to successful competition, at
the same tinne preventing the creating
of a monopoly in any business or pro-
feSSion.
Favors Ship Subsidy.
"While come from country town,
and while our city is as far removed
as possible from any great body OF
water, yet L favor a ship subsidy
measure that will place the United
States at the head of the merchant
marine Of both the Atlantic and Pa
cific. It seems to me to be narrow
and contracted policy, for any man to
oppose any such movement, and no
good reason has come to my notice
why this nation should not make an
effort to have the commerce OF the
country carried in American vessels
under the American flag. Ninety-two
per cent Of our business, or over
S200,000.0O0 annually is paid to for
eign vessels for the carriage OF our
products. This should not be. We owe
it to ourselves and to future genera
tions to build UP merchant marine
that will NOT only be able to carry the
rapidly multiplying proeucts-of our
nation, but will be the means OF car
rying our products to foreign markets.
regardless Of the possibility OF any
discrimination of carriers, prought
about thru the influence OF any for
eign power. To say nothing OF the
advantages and the greater safety
that will accrue to our nation to have
such vessels easily convertible into
cruisers OF defence, in case OF any open
hostility against u.s.,
Panama Canal Benefits.
.srhs ultimate completion Of the
Panama canal is of greas importance,
and will be Of great benefit not only 10
the south, hut to all sections OF the
country. Let US hope that the first
vessel that passes thru that great Wa
terway will be an American vessel'
loaded with American products and car
ryirlg the stars and stripes at its mast
head.
Would Encourage immigration.
IT think a great good can yet come
from the, foreign immigration, and
some plans should be devised whereby
this element could be encouraged to
locate in that section of this country
in which the climatic conditions are
most suited to them.
Praise for Roosevelt and Shaw.
1--WE do not realize our good fortune
in having fbr the head of our govern
ncnt president and secretary of the
treasury who are fearless men Of such
good Judgment and such sterling char
acter. In the management Of the fin
ancial affairs of this nation they have
more than once saved the country from
financial embarrassment by the deposit
of public funds at critical times, by ac-
cepting other than United States bonds
as security, and by the anticipation OF
"a yyn hanr, fiY1o a1v
moves. and their authority by law has
been seriously questioned, yet the con-
ditions have warranted their action,
and the gentlemen have had the cour-
age to meet the emergency. These
have been brought about
by the rapid growth and development
Of the country, each year bringing with
1t new and greater demands upon our
financial resources. There is limit
to which our executives can go. A
change Of administration or change
Of policy would throw the country into
a serious financial condition, and the
continued growth and development
without new laws to meet our rapidly
changing conditions will sooner or
later place us beyond the power of the
treasury to aid US, and in an embar-
RAISING condition by not having the
proper banking laws. giving to US a
sufficient elasticity of currency to at
all times and at all seasons of the year
be able to handle and market the prod
ucts of our country.
>"Such remedies can be had by wise
legislation. 1t is expected and it is
the duty OF the bankers of this coun-
try to get together and to formulate
and recommend such legislation as will
care for and protect the rapidly devel-
oping interests of our nation"
President Hamilton recommended an
Of the executive council Of
the association. the organization of a
clearing house section, and the recog-
milton of the National Institute of Bank
Clerks, by giving them three represen-
tatives on the executive council.
SUICIDE PACT MURDER