The Kemper herald. (Scooba, Miss.) 1875-1908, 1907-12-05
rec. subject Of currency legislation, and


says:
II again urge on the congress the need
OF Immediate attention to this matter
We need a greater elasticity in our cur
rency; provided, of course, that we recog-
nize the even greater need Of safe and
secure currency. There must always be
/ the most rigid examination by the ma
tional authorities. Provision should be
| made for an emergency currency. The
! emergency issue should, of course. be
made with an effective guaranty. and up
| on conditions carefully prescribed by the
| government. Such emergency issue must
! be based on adequate securities approved
| by the government and must be issued
| under a heavy tax. This would permit
! currency being issued when the demand
| for it was urgent while securing its re-
| treElent as the demand fell off 1t is
! worth investigating to determine whether
| officers and directors of national banks
should ever be allowed to loan to them
| selves. Trust companies should be sub
| ject to the same supervision as banks;
| legislation to this effect should be en-
| acted for the Distyict of Columbia and
| the territories.
| Yet We must also remember that even
the wlsest legislation on the subject can
| only accomplish certain amount. No
| legislation can by any possibility guar
| antee the business community against the
| results of speculative folly any more than
! 1t can guarantee an individual against the
| results OF his extravaganza. When an in
dividual mortgages his house to buy an
! automobile he invites disaster; and when
| wealthy men. or men who pose as such,
| or are unscrupulously or foolishly eager
| to become such, indulge in reckless spec
ulation-especially IL it is accompanied by
dishonesty-they jeopardize not only their
| own future but the future OF all their in
! nocent fellow-citizens for they expose
/ hi yCi init tH III
! and distress"
| He advises against any general tariff
legislation this session of congress, and
says:
| "In a country of such phenomenal
| growth as ours 1t Is probably well that
| every dozen years or so the tariff laws
should be carefully scrutinized so as to
fits are conferred thereby. that proper
revenue is provided and that our
foreign trade is encouraged. There
| must always be as a minimum
tariff which will not only al
low for the collection of an ample rev.
enue but which will at least make
| good the difference in cost Of production
here and abroad; that is, the difference in
the labor cost here and abroad, for the
| well-being of the wage worker must ever
be cardinal point of American policy.
| The question should be approached pure
| tina and tha ,nanrar 80 ~. ,h.rr. h.,v
.uch as N arousa The ,nin,rrun, ~ .ai
| tation and disturbance in the business
| world, and to give the least play for
selfish and factional motives. The sole
| consideration should be to see that the
| uc ~ood. Tb;s msar. thot ~. s,,hiaot
| carrot With ussdor, ha d.ait u;,h =, 49,
| year preceding presidential election, be-
concI,siysIv sbowr tbat - s,,oh .ir,s
! ~ is ,,,nos.,hia 81 o.. x.ar =, t-aat 4. 80
tha .tandnn,nt y, a. Whit ~ 80 r. .iu,,, ,,,
| judgement tho Wis. tins 70 dssI NTH ~
| mottar. q. ir,r,ad,,t.Iy aStar .,ot -,
\ ,inr
IT. -. ,or ~. ra,, :. ~
- -. - - .i.e .Maiih M oa
a.e. .s''e "sou Sefp-
| ies.e~s ~ anu eniarses uPon his pre-
eious Iecon,iienuations Ior the enact-
, =. ieoeiai ihiieri'ance ana income
'aA avs
Attention IL called 10 the prosecution OF
weahny oHenoers against tho national
Jaws ana In TINS connection ne asks that
the laws unoer wnich tnese prosecutions
| are brought be strengthened and made
more oennite.
| The Use and the
| Ahu.e ~ y,,u.ct,o,.
!
,-..,s.sa oi spuse an the granung OF
au,,r unouons @ ~ iaoor olspu.es commune 10
| - $50 'n0 oSen.uen. IN tne hihos
y. .nose VINO Ieei .hat tneir rights are
| ooiis .hvaoeu ana their nperty OF action
| cnr,+;Unas - -. a...I, .estraIheu
on tha ,,.s ~ tho nrnoas .ne a..Ack n
,he,, ,s.,. - -SS - .iiyunce'on 10
4 .treinaa 80 .wnrss. ~, - an ouh
| .o,na -, - .hsra - s. ~ ne. ior
tin, :. h~ao,,,,rn 80 ms ques-
4 inorort.rcs anS 49,. 49, oio VI pilIne nns
I tharo.sirss aaaI ,,.s.t :. e eoulS VIII
| nar i. ,s car.a, ,,,.,1.,.. ene.uve mar,
snr,o rarn, 80 ,a..,.,ott.,a :" ueniano
| he y,o.t ,,utort,snat. -. - s,,N :. "ouiu
rare ~ VIC shomid r,,,,t ou. sooial wel.
and i.v"oh,,,ra ,,t,na nomes.
| th.v haa t,.+ .o,'as sa ss. 'i1. '.
! oo,,r. ,,,s.,s ...s',.' ~ Iosauns our
4 r,srd ~ ~ o.tna., com
thI. a... tna. % .ne congress
d.vt.aa ,,,h,.h ,,,,I, is. "Sy may oe
t,,nctior, and 49,. =. .ne ,, apuse OF m
! Sror,, t,r,,. - ti,., =. .nose ISIS Mhich
! vada. Mnraayar S,.oos.a~t i 80. IN
rrss.aa LEY ~. u,seon.sn, IS ollen ex
1 int.,rction ~, ths oa',r.. .ne plocess Oh
! 10, d,sr,,,ss ~. ,s,t. ~. oniy IN IA
/ cor,sr,ra s, s=a AZ, .oms aie
| this o,sst,on as am inforrsS ,na. =. :.
..,1 '.nI N Nn ns am iniormeo tnat II
annrema court - N''o' u 'iie
/ ~ othar l.r,s,..t. a., .,,
,ahor 10 raxor. faSara, i..nao.,a oi
roads. nroviSsns ,,,,,i,aa h,,, Saen,. oi @ aali-
i nensatton for accdapts - 81, ,.,o.,,.sar, ue,n
sr,r,ovsd o. a,s, 80, -, ~. a.. l ~oiNisn
and saws. '"' so'o' '''''eN''
.arn. cn,.,,,,.,..,,.,. 49,
| 10 h,,,t,, : - ,,aa.o.s ,D. " .no eimpioyers
! gress bas hasn carrisa ha,ar. p'ns an % eoh-
| 9n tu,o .,,r,.d,s4,ax ~ .As eou.s'
/ cia rsa uroo,,s+i,,'tiasaI "a aS oeen ue
dictions its constit,,tianaiitv han yu,, -