, 1908-07-28

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avoid a popular but u~nfounded i'm
preston that a judge, in Furnishing
contempt of his own order, may be
affected by personal feeling, to approve
a law which should enable the contem-
nor upon his application to have an
other. Judge sit to hear the charge of
contempt. but this, with 80 many
judges as there are available in the
federal court, would not constitute a
delay in the enforcement of the pro-
The character and efficiency OF
the trial would be the same. 1t is the
nature and the delay Of a jury trial In
such cases that those who would wish
to defy the order OF, the court would
rely upon as a reason for doing SO.
Full Power Of Courts.
The administration Of Justice lies at
the foundation of government. The
maintenance Of the authority of the
courts is essential unless we are pre-.
pared to embrace anarchy. Never in
the history of the country has there
been suck an insidious attack upon the
judicial system as the proposal to In,
~terject a jury trial between all orders
of the court made after full hearing
and the enforcement of such orders.
The Currency System.
The late panic diclosed a lack of
elasticity in our financial system. This
has been rroyisinallly met by an act
of the present congress permitting the
issue of additional emergency bank
notes, and insuring their withdrawal
when the emergency has passed by a
nigh rate of taxation. 1t is drawn in
conformity with the present system of
bank note currency but varies from 1t
use of commercial paper and bonds OF
o credit. as well as United States
bonds. as curt for its redemption.
But a emporary Measure.
II is expressly but a temporary mea.
sure and contains a provision for the
appointment of a currency commission
to devise and recommend a new and
reformed system of currency. This
%inoiequacy of our present currency
system due to change conditions and
enormous expansion. is generally re,
cognized.
All Dollars as Good: as Gold.
The republican platform well states
that we must have a more elastic and
adaptable system to meet the require
ments of agriculturists. manufacturers.
merchants and business men generally.
must be automatic in operation. re-
cognlz.ng the fluctuations in interest
rates. in which every dollar shall be
as good as gold and which shall pre-
vent rathor than aid financial string
ency in bringing on a manic
Postal savjnos Bank.
In addition to this. the republican
platform recommends the adoption OF
a postal savings bank system in which
of course. the would be-
| come responsible to the depositors for
the VINE of princinaI and Interest.
It is Thought that the guar.
encv will bring out OF boarding places
much money which NAV be t,1rned in.
to wealth nroducinv canital and that
If will be n great incentive for thrift IN
the MANY email places in the country
having now no savings bank facilities
! which arc reached nv the most once
department
place Of perfect s,f..v
II will bring tn every one howevar
! remote from financial cenfers a nIaco
+ Of perfect safety for aeposits with IN.
terest return. Ths hill now n
IN congress- which of course the =.
publican convention had in mind mn
vidas for tho Investment NJ tha mnnav
d~eposjted In national banka in fhe
Al 1Alh III lax
yerv PLACES In which n ia Gathered or
AZ near thereto as NAV be practicabie
Tried and Found Good.
This ia an answer to the criticism
contained in the democratic platform
/ hat under the system the MONEY gath
| cred in the country will he deposited
In Wall street banks. The system OF
tostal savings banks has been tried In
SO rri5Hy eo5Isttf les
cannot he regarded longer as a new
and untriei experiment
Objections to Democratic PROPOSAL.
The democratic platform recon,
mends such a tax upon national banks
and upon state banks as may come In. in
the nature of reinforced l-nsuranceto raise
a guaranty fund to paw the deposdtors
of any bank which fails. How state
banks ca. be included in such a
scheme under the constitution ia left
in the twilight zone OF states rights
and federalism SO frequently dimming
the meaning and purpose OF the pro,
misses of the platform. If they come in
under such a system. thew must neces-
sarily be brought within the. closest ma.
tional control. and SO they mus. really
cease to he state banks and become
national banks.
Cannot Foresee Burdens.
The proposition ia to tar the honest