The Washington herald., 1908-08-31
POLITICAL COMMENT.


that deeply concerns the President It I
quotes from Mr.. B=yan's speech. and !
comments thus
There are certain things that come naturally by I
descent. and reforms come BY descent. You cannot ,
convey a reform By vii. The President has ticd to I
bcIgeath certain reforms 20 the Republican caudi-
date. b'It the next Of blood IN the reform bus
ness. and they c1ne 10 ne. In fact I think
could make IL stronger than that II a man dies
and leaves 10 children the properly goes back 90 his
parents. and far reforms are concerned the I
Republican party has died without bcirs. and The
reforms go back to the. one from whom the ReIlt-
Loan party got the reform So I think ! have a
night to expect god many Republican votes this
year.-W. J. Bryan. at Salem. III.
This is a matter that deeply concerns
Mr.. Theodore Roosevelt. Il Mr.. Bryan
can persuade the Roosevelt Republicans
Of the West that he is the next Of blood
in the reform business If he can con
vince them. or any considerable portion
Of them. that they must look 10 him for
a stern continuance Of the Roosevelt
policies, he VIII be elected President. and
all OF Mr.. Tafts high qualities VIII not
save him from a miserable defeat
The Charlotte Observer has this TO say
on the proposition 10 guarantee bank de-
posits.
'Co-insurance Of bank deposits is com
ing some day. whether or not a postal
savings bank system, with its limited
uses. has already been inaugurated- The
insincerity Of the opponents Of co-insured
deposits in attacking ii as paternaIlsac
becomes evident when we see them at
tempt TO gain favor for a genuinely
ar
Through deposit protection bank depos-
itors can gain assurance that losses. how
ever rare. viii not fan upon any Of them
with crushing force-wHl not, in fact. fan
upon them even in the smallest possible
degree Through deposit protection the
banks viii increase their deposits greatly
and they and the country viii enjoy a Sc
curity Of untold advantage against p-nic.
These are The objects which Mr.. Bryan
/ has in view. and they are thoroughly
good objects We do not think. however.
I that the country's present banking or
ganizatlon, or rather lack Of banking or
/ ganizaton. viii serve the ends desired.
/ There must le changes. Of whatever pre-
I else nature. going decidedly farther than
I those which he proposes The tine. IN
l short, VIII not be ripe FOR the project as
I a matter Of practical statesmaushlp until
I much ground has first been cleared. That
I Il Is ripe as matter Of practical politics.
I especially In the farther West. and South
+. west. where people are T1otoriously prone
% go OF at half-cocs. We have little
. doubt Il may easily be the means Of Mr.
. Bryan carrying several States. The CO.
{ Insured deposits idea may prove decisive
in this Presidential campaign. which pos
. sib.lity forms one Of our excuses for the
length Of these observations upon the sub
jecL"
The Omaha Bee takes occasion 70 point
out that Mr.. Bryan this year IS vastly
different from the Bryan OF former years.
II says.
"On the proposition that trusts. or
licensed corporations. should sell their
products TO all purchasers in all parts O.:
the country al the same terms. after
making due allowance for the cost ef
transportation. Mr.. Bryan runs directly
counter O. a proposition laid down by
him in his address before the Chicago
conferepce on trusts IN 1893. This would
absolutely destroy competition and make
the travelling man, for whom Mr.. Bryan
IS so ksenIy concerned. wholly unneces-
sary In his Chicago speech Mr.. Bryan
denounced the trusts because they COM
PEELED the man who owned an article
I wool. for instauCe-Jo sell 20 one man
. F II one price all over the United States
II Mr.. Bryan would have the corpora
/ lions sell their products al one price
everywhere. why should he not allow
/ . them 10 buy their raw materials al one
Z uniform price all over the country
z NO one VIII argue with NfT. Bryan OF
the necessity OF controlling and reguIar-
: ing corporations Of sH kinds in their re.
l5tions 20 the public. but thinking mex
I VIII be slow 20 agree with the remedies
he proposes. The remedy will come
p through the correction Of abuses tha'
grow out Of operations Of the so-caIIeC
2 trusts, I'm any attempt 10 stife industry
3 or prevent competition. and cannot bt
? found. as Nj Bryan suggests. in an ef
D fort 20 limit ownership IN corporation;
B 20 - per cent Of stock, or production tC
% 50 per cent. The evil Is one that vii
/ have 10 be settled by regulation. accord
] ing 10 the Republican plan. and not bl
- platitudes or mathematics, as suggested
, by Mr.. Bryan"
. The New York Post presents this argg,
e ment against Mr.. Bryan's bank deposit
? guarantee plan
4 M Bryan fails. as most Of tz= sd
: vocates Of the theory also fail. TO taxi
. any account whatever Of the fact that
3 guarantee Of depositors IN banks is ais
C in substance a guarantee OF all banl
: loans BY far the greater part Of tn,
r bank deposit fund Of the United State
? IS made up Of credit granted by the in
1 stiJutious TO borrowers. and placed OF
s the books as a deposit when the credi
has been granted. For the banks a.
a whole 10 insure depOsitors OF this Clas
I from loss. under any and all circUm
stances, is equivalent TO their guarantee
, ing 70 make up the shortage in the pro
ceeds Of the loan. II the bank is forcey
70 uGuidate. This. in our Judgment, 4
; a pretty extensive duty to impose on tn
3 banks against their will in any cOun
5 Try, and particularly in our own
The Boston Transcript has this to sa.
: about the direct primary idea;
: The direct primary idea has gone s.
y | far in Iowa that the legislature is no
i even to be trusted TO fill the remainde
h OF Senator AIlison's unexpired term. ex
y ccpt formally to ratify the choice mad
Il IN direct primary, probably to be tal1el
= on the November election day A specia
I session Of the legislature will be calIe,
Q to pass the act necessary for carrying on
Z this plan Alabama, It viii be recalled
r designates at its popular primaries
Senate substitute. OF a man for Tn
governor to appoint or the legislature Q
elect in the event OF the death or resig
I nation Of the Senator who secures tn
II honor at first hand Many and iL-eniou
n are the devices which the American State
, have developed for circUmventing tn
constitution plau for the election o