The Marion daily mirror. (Marion, Ohio) 1892-1912, 1907-11-23

and again TO what they called the
wildcat" currency Of the old days.
That currency had absolutely no basis.
Everything that has been said about 1t
was said justihably. But II today tho
proposition of the great bankers Of the
United States that they should be al
lowed to issue circulating notes or cur
rency based upon the assets Of their
banks shall be accepted the only diff
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 hanks 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 a safe circulat-
ing medium? Why should not the gov
ernment itself furnish the money
which is necessary to the country
why should 1t be demanded that the
national banks or the trust companies,
the Il. X. Thomases or the Il. 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.
1t 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, progressive and radical
Democrat, was put up against a
straight out and out Roosevelt Repub-
lican. 1t is fair to say that Mr.. Bur-
ton is man Of ability, of standing
and of absolute integrity. 1t would be
hard to pick any man in Ohio who
would have made a 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 noml-
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 to
practically 5000. 1t is true that the
issue was a local one. Mr.. Roosevelt
finds some consolation In the fact that
1t was cut down once before. He has
descended from the dignity of the pres
idential office to explain that this loss
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 1t Is alsc
true that Mr.. Roosevelt rs the first
president who has stopped from his
Office to discuss the question Of elec'
tion returns. When Grover Cleveland
was in the White House and an of
election went against him he had moth
ing to say. Whatever may be said
about Mr.. Cleveland. he at least die
not descend to the plane Of the ordi
nary politician. Mr.. Roosevelt is poll
tician first and president afterward.
Much has been said about Massachu
sets. The Democratic nominee, Sc
called, was defeated. He was defeated
by split in the Democratic party
There was fight within the part,
which was eminently characteristic Of
the politics of the state. Massachu
| sets Democrats always fight. Mr.
Henry NJ. Whitney, whom the courts
declared to be the regular nominee
has not been for more than twelv,
years an active member of the Dem
ocratic party. He has not believed II
the things for which that party stood
He has been out of touch with the na
tional organization and was out o
| touch with the state organization. Tha
| he has strength in Massachusetts eau
not be questioned. But II Is thu
| strength that comes from money ant
from corporation influence. His defea
| will not in the end be hurtful to th'
| party. Perhaps the manner of 1t ma.
be harmful, but that is yet to be de
termined. The outcry of certain 81
called metropolitan newspapers to tb'
effect that the attack upon Whitne!
was the reason for the loss of Massa
chusetts is without any sort Of intelli
gent foundation. Massachusetts Is al
ways Republican state.
J The Paper Trust.
| A few days ago number of news
paper owners from all parts OF tn
! United States were I'm Washington 70
the purpose of urging the president L
take some action against the pape
trust. They brought an appeal to til,
president to use his influence for In
destruction Of the paper trust The,
asked, first, an investigation into TN
trust itself and action by the attorne.
generals Office for its dissolution; sec
ond, that white paper and wood pull
be put upon the free list. Both o
these requests were acceded to by MI
Roosevelt. There will be In the presl
dents message reference to tie dut
on print paper and pulp. How mucl
this may accomplish Is doubtful.
wood pulp is put In the free list Can