The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1907-12-03

&14E EA E4a as tfF& are now AAGFE tEE
control and supervision " the comp
troller Or the Currency
In time or the govern
nent bank should loan monet II
banks os the couatry on such securl-
ties a. / have suggested. consisting -
government bonds State bonds. and
municipal bonds Of cities having a
which ave never defaulted IN the
payment II interest and g~iit-edged
railroad bonds OF the sta ndard rafI-
roads which have not defauIted in the
payment Of interest for the last ten
Years. or course il should b dis
c~retionarr with the officers of the gov
eminent bank just how much money.
II any. 70 loan on these hypothetical
securitit-.
II this were the law. there would
be an elastic currency in this COUNTRY
70 move the crops, meet every bust
ness crisis. ana make Impossible q II
nancial panic
Mr. Williams Optimistic.
II am honestly more encouraged
now for the success Of the Demo
cratic party than have been III
years" said John sharp Williams.
minority leader OF the House, when
ne was called upon
Next to the republic Itself. the
Democratic party is the greatest hope
in the world. But we must not let our
differences cut asunder. We are all
radical and all conservative. and no
man VINO has a bit Of sense in his
head is h~abitually either. Ask any
radical man in the ountr about the
nation, and he Will tell YOU there are
10000, 600 conservatives; ask any con-
Servative, and he viii tell you there
are so. 900. 600 radicals.
Put We must not forget that great
lQI1OlltlGn In essentials nnitN. in
non-essentials, charity We must re-
member that Jefferson's original name
for this party was the Democratic
Republican party and that is what
It must be. ecaus that means our
government.
we have mad it called to our atten-
ton that the Democratic party is one
of wonderful vitality. Well, | should
say il is. No other party could have
lived through the ~blunders that you
have made and that ] have made:
that we all have made. No party
could have survived if it had not been
founded on good principles. and this
party must see If il a live up to the
principles of government as it should
be. We should not forget that the
fundamental principles OF government
are to provide the right TO all to fol-
low his own pursuits, and keep all
persons-thiS n%ans fctional persons.
such as corporatiOns-from injuring
others; so carried on as to give, with
in proper pounds, equal opp%ortuni-
ties to all and special privileges TO
none.
Democrats Not Envious.
NO Democrat cares how much
wealth another man may get. No
Democrat envies another mar my
thing-wealth. position, or what not,
and he may be rich as Croesas. if he
can show that he has attained his
wealth withou. injuring others, and
without special privileges. But a gov
eminent must see a all men have
the right to earn comfort, the basis
Of all civilization, and culture, which
is a part of its higher life.
ITO attain these ends. we must not
let our little differences stand in our
way. We must York together, in on
greSS, we OutWOrk-yeS, and outtalk
the other side, but our whole trouble
is that we can't get eight men to pull
together in a mule team when it
comes to doing something. We must
not | Ie q government of eXpediency.
When III comes to the eXDedient thing
to do, we must not take the example
of those who go TO the special inter
ests to be told hat to do-and l
might add that now the special inter
ests are rather worried just what to
give by way Of advice.
The financial trouble have been
mentioned. 1t is easy to explain all
panics. We car profit by the example
Of Mr.. Grosvenor, Of Ohio, who has
gone to his political rest; from Joe
Cannon, and from others. 1t is be-
cause of a prospective Democratic sue
cess,
Blu to attain success means har-
ity III leadership; humility in leader
ship. These things we nave in Mr..
Bryan. We can agree about enough
things with Mr.. Bryan to keep the
$500 49, Afr - &c
death or decay.
4 think. ana if / didn't honestly
think SO | wouldn't say it, that the
best chance of cohesion and for com
bative strength lies in the nomination
Of Mr.. Bryan. ] am not afraid of d
Democrat Of any kind, and he IS a
Democrat. He will give us a safe and
sane administration; not SO safe n
sane that he will not move at all.
We need radicals to keep the on
servatives moving, and with q conser-
vative Congress, no man in the White
House can be very radical.
when I advocate the nomination
of Mr.. Bryan. | am asked if he Will
not be defeated. Maybe he will, but
let me ask another question: Who
stands a better nance of not being
defeated2
The south for Bryan.
''The South Will be for Bryan, and
we viii work for him. Demo-
crat is there Who cannot stand for
State rights against Federal control;
for the belief that taxation is for the
purpose of conducting the govern
ment; for the Jefferson idea of pro-
lection: that we should not take the
props from under the trusts?
IF I could have my way. / would
make a tariff rate that would only
be the difference between the wage
aid American workmen and that paid
foreigners. and | would make it lower
than the Walker tariff. which was the
lowest we ever had
But to do all these things, needs
harmony, and to do these things,
means we must work together for the
nomination of Mr.. Bryan"
Mr.. Williams closed amid a burst
OF applause, and he was followed by
Mr.. Bryan, who was paid a high trib-
ute by commissioner West.