The Monticellonian., 1907-01-17

i f much discussion. l commend this sub l iect ra your consideration with the sugges i ton that provision he made for the em ploymeut of all available convie1S not needed upen zAe State farm in Ibis work under such pruvisiors and Limitations as l will maintain the county as tn+ unit ar basis of acrlan - ss .'
 LEVY AND DRAINAGE ssYsTEK
 I desire to specially call your .atten- 1 fiOn io ihe great importance of tbe levy and drainage Interests of the State So many interests nut ouR of individuals but of the Sf1fe are involved in retaining and protecting these hands. which re as rich anE lands in che world, tklt need only call yoor attention to their i'm l portance. and to solicit your prompt and careful consideration of all needful and beneficial legislation, looking to the be ter ment of the levy asd dramage interests in the state
 RANKING JANIS
 Al present NC have no a6squate banking i iaws No Slate supervision or inspeciiSn. which is necessary for the protection of the l depositors as well as the security of tfe l eeitimate banking interests ef the State. l against wild cal, institutions and reckless i adventures Too great s.rerest Is at stake | to let this condition longer exist l there 1 fore recommend to you 7he importance of | this subject with the hofe that such laws may be enacted will give to the State so9nd system of banking that twill add ! strength and stability 10 these iHS ttutions and afford full protection tu depositors and stock holders and to effectUally prevent the i eraanization and imposition upon the public of uHssund institutions. based ap0n fictitious ! capital. with sufficient safeguards to give assurance of their stability. This [ should he accomplished without expense to the State. requiring the banks to bear ] ui;tion.
 THE TRUSTS,
 The contest ln this country for the over throw of monopoly and predatory wealth, generally known as trusts. can not be aban donea unless We are ready 10 substitute the lHIe of greed and oppression for the rule af the people. Under our dual system of Government certain powers were delegated to the general government, all others being retained by the States or people. Each within their sphere are deemed sovereign and complete. and by thS concurrent exer else of these powers to prevent monopoly, is our present hope. Some tell us that the Siate is Eowerless To destroy the trusts and that the exercise of its powers to regu- late business within it's borders is not effective and its attempt only brings chaos and inconvenience. That the States will not act in cooeert, etc. and therefore
 
 and destroy the trusts. might as well be abandoned l can not concur in these views, but on the contrary believe that every power reserved 10 the people of the States should be called into exercise in preventing and overthrowing trust monopiy in this country.
 The people of the United States. smarting under the domina- ton of monopoly, have decreed its overthrow. This sentiment is not the mere outburst of temporary political en- thusiasm, but is the outgrowth of years of growing oppression, which has aroused the deepest apprehension of our most thoughtful and patriotic citizens. for the safety not only of our industrial devel opment but of the very life of our institu- 1 tions. This sentiment so justly aroused will tolerate no indifference or unfaithful- ness on the part of their chosen servants. | but will applaud every well intended effort in their behalf. Let this General Assem- l bly, take no backward step. but if sdd | tionai legislation is found necessary. let l the laws be enacted without fear or favor. ,