The Caucasian. (Shreveport, La.) 1900-192?, 1907-11-24

basis; Tor ;tn American currency
The bankers have llarAcd back time
ana again Ia What they called the
"W.ldcat' currency Of the old days.
That currency had absolutely no basis.
Everything that has been said about ii
WAS said jl!stiiiahly But if today the
proposition of the great bankers Of the
United States that they should be al
lowed to issue circulating notes or cur
reGcy based upon the assets of their
banks shall be accepted the only dlf
ference between the old wildcat cur
rency and this currency would lie In
the confidence of the American people
in the banks which issued the notes.
But when we find great banks lending
money upon securities which go fast
down to destruction how can we feel
that in the future the notes issued by
these banks will form Il safe circuat
ing medium? Why should not the gov
eminent itself furnish the money
which is necessary to the country:
" ~ should il be demanded that the
national banks or the trust companies.
the 4. L. ThomaSeS or the E. ii. Har-
rimans, should be given the opportunity
to supply the money which Is neces-
sary for the country and for their own
profit?
The Elections.
II is worth while to consider the
meaning Of the recent elections The
most striking illustration of the Dem
ocratic trend in public sentiment was
furnished by Cleveland. There Tom
! Johnson, a progressive and radical
| Democrat, was put up against
straight out and out Roosevelt Repub-
| lican. 1t is fair to say that Mr.. Bur
| ton is a man of ability, Of standing
| and of absolute integrity. 1t would be
| hard to pick any man in Ohio who
| would have made stronger candidate
against Tom Johnson. Besides his per
sonal characteristics, he had the sup
| port of the president, of Secretary Taft
and of Secretary Garfield. He himself
said that he had accepted the nomi-
| nation only because of the personal
request of these three eminent mem
bers of his party. Yet when the time
came for the people to vote Mr. Bur
ton was beaten by practically 10000.
In Toledo, O., Brand Whitlock, who
stands for democracy. but not for ma
chine democracy. was elected by a
swinging majority.
In New York, Tammany, the regular
Democratic organization, won easily
although the Hearst organization for
got its professed democracy and fused
with the Republicans.
In New Jersey the normal Republic
an majority has been cut down tc
practically 5000. 1t is true that the
issue was local one. Mr.. Roosevelt
finds some consolation in the fact thai
it was cut down once before. He has
descended from the dignity Of the pres
idential Office to explain that this los:
of power in New Jersey is in no sense
attributal to him. but is simply the re
suit of local conditions or of an of
year This may be true. but it is als(
true that Mr.. Roosevelt is the frs
president who has stopped from hi:
office to discuss the question Of cleo
ton returns. When Grover CLEVELAND
| WAS Ill TIE w ultc 1lOtiSC ohu an Va
election went against him he had moth
ing to say. Whatever may be salt
about Mr. Cleveland, he at least di.
not descend to the plane of the OTdl
nary politician. Mr. Roosevelt is poll
tician first and president afterward.
Much has been said about Massachu
sets. The Democratic nominee. s
Iaf 10 Infaa
bv n split in the Democratic party
There was fight within the part
which was eminently characteristic o
the politics of the state. MaSSachu
sets Democrats always fight. Mi
Henry NJ Whitney, whom the court
declared to be the regular nominee
has not been for more than lively
wears an active member of the Den
ocratic party. He has not believed
the things for which that party stool
He has been out of touch with the II;
tional organization and was out Q
touch with the state organization. Tha
he has strength in Massachusetts, cal
not be questioned. But it is tn
strength that comes from money an
|
: will not in the end be hurtful to tn
party. Perhaps the manner Of it ma
be harmful, but that is .yet to be d.
termined. The cutlery Of certain S
called metropolitan newspapers to tia
effect that the attack upon Whitne
was the reason for the loss of Masss
chusetts is without any sort of INTEL
J gent foundation. Massachusetts, Is a
ways a Republican state.
The Paper Trust.
:. A few days ago number of new
: Daper owners from all parts OF til
: United States were in Washington Il
: the purpose of urging the president
+, take some action against the pape
trust. They brought an appeal to til
;. president to use his influence for tn
destruction of the paper trust. The
. asked, first, an investigation into til
:, trust itself and action by the attorne
generals Office for its dissolution; Sc
opd that white Danpr and wood Dtll