The Caucasian. (Clinton, N.C.) 188?-1913, 1907-11-28
lO FEDERAL OFFICEHOLDERS
10 As Delegates TO the Next Nat
ional Convention.
tFT THE PEOPLE RUN THE CON.
VENTIoN.

Financial Stringency - Congress
viii Be Asked to Act-Postal Saw
ipgs Banks as One Remedy and
Also TO Encourage Saving.
WASHINGTON, D. c., Nov. &c, 1907
eoecial to The Caucasian.
Each day many congressman are
arriving for the opening Of Congress
neyt week. While the emergency
MEASURES adopted by the administra-
bon 10 relieve the financial stringency
!. having a good effect, it is thought
that the President will urge upon
Congress some legislation to prevent
the recurrence of this condition. The
moving Of the crops each year puts
a strain upon the currency Of the
country that not only deranges the
general business Of the country but
which also depresses the prices Of
staple crops. For instance, cotton
has dropped 3 cents a pound. This
means cutting off 25 per cent. Of the
value Of that crop. The loss to the
farmer Is enormous.
This is a great injustice and one OF
enormous proportions. It can be pre-
vented bv providing a special tempo
rarv increase of currency for this
pnrpoec TO be retired when the need
for II is over.
Postal Savings Banks Also as a
Remedy.
The financial stringency is also ag-
gravatcd bv the enormous amount of
money which is being boarded by
those who are afraid of the banks.
There must be today boarded by
those who have only small sums as
much as $5OO.OO0.0O0. IF this hoard
ed amount could be brought back into
circulation, it would without any in
crease in the currencv) do much to
relieve the present strineency.
To prevent this boarding the gov
eminent is considering the advisable
itv of a system of Postal Savings
Banks. The system under considera-
ton Is along the line of the one adj
yoCatcd bv Senator Butler of North
Carolina when he was in the Senate.
The bill providing for a system of
Pjsfal SAVINGS Banks which was in
trOduced bv Senator Butler was long
and carefully considered by the Sen
ate committee on post offices and
railroads and was finally reported
favorahIv by that committee. His
bill and the renort in support of the
same Is now being considered by
many who are in favor of such sys-
tenn
The people are not afraid of the
government and if we had a system
Of Postal Savirns Banks the people
would not hoard in "stockings" their
money.
Resides Postal SAVINGS Banks en-
onrraoc sewing and thrift among the
noorin Such = svstnm has been won
dorfullv errrnsefr1 in France and
rianv other corrtries. and II is one
Of Tho encrnte IF tIn oraat thrift and
nrosnoritv of The French nnonle. The
President is understood to favor The
SrSicro
No rnIera1 NRInano11inr De1erates
All of tho officers of the adr,inis
trat1on. innlrdino several CahinaI
mpmhars who have been saving thai
thnrn had hann no order issued ~
President Roosevelt forhiddinc Fed
eral of1onholdnrs TO work for his re
nomination or to accent election a.
Roosevelt DELEGATES to the Republican
national convention. found ont yes
terdav that such an order had beer
iSsupd.
The order. which is in the form O
letter from the President. is datet
November 10. hut curiosity enough i
did NOT reach some at least, Of thos
to whom II was addressed until yes
terdav. The order reads:
"Tt has been called to nv attention
that certain officeholders under vou
denartment have been proposing t
attain election AS DELEGATES to tn
national convention with view o
advocating nv denomination or pre-
posing nv endorsement bv State cor
Ventl0ns. This must not be.
''You will notify such officeholder
as NAV be fecessarv that their az
eeDtance of election as delegates fo
this purnose will be regarded as
Serious violation of official prophet
and will be dealt with accordingly.
This means that the President doe
not want anv Federal oficeholders i
The convention. The President, q
course. wants the convention to non
mate for President a man who is
staunch friend of the policies of I'll
administration and besides a ma
Who can be trusted to carry forwar
with wisdom and courage to succe;
The great reforms which are only jus
begun. IF the convention is packe
With Federal officeholders it viii /
charged that the convention did NJ
represent the will of the people. An
Il the convention should tender Il
resident another nomination, as
no doubt will, it would be most en-
oarrassing for Federal oficeholde'
70 be there as delegates, even thoug
ae declined the nomination.
Besides it is thought here that Il
resident has been moved also |
Dther considerations. He knows th
me bowling for his denomination |
FEDERAL ofieeholders is not doing Il
party any good. He knows that e