The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1907-11-12
By THOMAS J. PENCE.

Washington, d. c., Nov. 9-United
states Senator Shelby M Cullom is not
deferred by the cry of panic" from
sneaking out his mind about the re-
cent financial troubles in New York
sud about the heroic rescue of Wall
street by Secretary Cortelyou.
The truth is,'' said Senator Cullom
In sDeaking Of the matter 1.-The gov
eminent should keep out of this mess
that has overcome Wall Street When
& r these men get in trouble they
send for the Secretary of the Treasury
and demand that he should take mil
lions from the vaults Of the govern
ment and lend them to the spectators
10 help them out Of their trouble
That sort of tbing ought to be
stopped. Wall St1eet should be left to
take care of itself without involving
the affairs of the government. If these
men should know that the government
would not stop in with it's money at
times of stress they would be more
careful in the management of their
affairs and there would be fewer of
these Wall street panics"
These words that sound so like steal
ing John Sharp Williams thunder
came from a conservative old public
man whom the State of Illinois has
kept in the United States Senate for
twentyfour consecutive years. They
would indicate that when the Demo-
Gratis push Secretary Cortelyou'S action
for review and investigation, they will
get valuable assistance in turning on
the light. Secretary of the Treasury
has been serenading himself in dulcet
chuckles over the coup which has ad
vanCed his presidential stock in certain
quarters very perceptibly, but it is ap
parent now that by the time Congress
meets the public and it's representa-
tiveS will be able to reflect soberly
on the wisdom of permitting a Secre
tarv of the Treasury to play politics
with the aid of the nations millions.
Nor does Senator Cullom propose to
he stampeded by the cry of wolf into
any alluring plan. On this point SEN
ator Cullom said:
AS TO currency legislation. do not
believe that Congress will be ready
to jump at the adoption of any plan
that may be brought in. Currency
legislation is a matter that should be
carefully considered, and I believe that
Congress will take that view of it. Con-
gress, of course. will take up those
questions that naturally belong to It,
but they will be given due consldera-
ton, as hasty action would probably
result in more harm than good"
The Senator said he is glad to see
that this talk about an extra session Of
Congress four weeks ahead of the reg
ular time Of meeting, has come to an
end What would Congress do he
asks 'in such an extra session for the
relief of the speculative difficulties that
are affecting men who have over
reached themselves in their efforts to
buy up properties and control railroad
and Industrial concerns beyond their
abilities?
The time has come when the news
lapers of the country should take
firm stand against the tendency on
The part of almost everybody to run
o. the government and Congress when
ever they get in trouble through their
various projects"
VIII! Not Be Consolidated.
The two collection districts in North
Carolina will not be consolidated
Commissioner Capers has said as
much The revenue derived from to-
aacco is SC great that if State prohib-
1tion is adopted, the receipts from the
two Offices will be very slightly af-
fected.
Consolidation in Tennessee.
The consolidation of the two inter-
raI revenue collection districts in Ten
neSSec, announcement of which was
made today by commissioner Of inter-
nal revenue Capers, is only the begin
ming Of what viii De a general amalga-
nation of revenue collection districts
throughout the country as the re-
suit Of the growing temperance move
ment The Georgia collection district
is 80 be consolidated With that of South
Carolina and the Mississippi and Ala
anna districts are to be made one, ac-
rlrdi1g to present arrangements. bur
this action will rot be taken until after
the Republican national convention is
q taing Of the past Political consider
atoms are responsible for the delay.
The administration. which is making
determined effort TO control the
National Convention, does not wish to
give 0ffense to southern Republicans
lr consolidating these collection dis
r."Ls at this time.