The morning journal-courier., 1908-09-07
CURRENCY LAW A JOKE
Measure Not Even an Honest Ate tempt at lmproNement-ITheir Platform Contract With
 the System.

gument on the various Issues of the campaign The platforms of the demo- cratic and republican parties arranged in parallel columns occupy much space in the manual which also contains crisp utteranees of both democratic and republican leaders Some of the chapter headings of the volume are Pointers on the Republican National Platform; Figs and Thistles," "A Discredited Slogan. "The Struggle With Monopoly" and Lest We For get"
 W. J. Bryan's speech of acceptance, his tarif speech and his speech on guaranteed deposits occupy a prom nent place in the book which closes with a detailed index of contents.
 Under the head "In q Nutshell" the book discusses various subjects treat cd in the platforms of the parties The question is asked "shall we tax large incomes in America as Is done by the progressive republics of Switzerland and France, also in Germany and EngAnd?" and the answer Is printed. The democratic platform says yes The republican platform is silent"
 The same reply Is given 10 the ques- ton. Shall we elect United states sen ators by a direct vote thus making it difficult it not impossible for million. aires to control the nation through the upper house"
 Following these are questions wheth- CT reasonable tax shall be paid by banks to create guarantee fund tc protect depositors whether campaign contributions shall he made public and whether we shall have billion dollar sessions of congress and vast array of office holders dIctating presidential nominations to the first two the same reply as above is made "The demo- cratic platform says yes; the repuhi- can platform Is silent" To the other answer is made "The defnocratic plat form condemns. the republican plat form is necessarily silent
 Tn the concluding paragraph of T chapter on Pointers on the repuhll- can national platform" is tho follow ing
 The republican platform ds written Is indubitahle proof that the repuhli- can party does not expect 10 give the country any real reforms The plat form is in fact contract. signed and sealed, between the republican party and the exploiting interests, suaran- teeing that nothing shall be done 10 free the people from graft and extor- ! tion, it is an admission that the money 1 10 carry on the campaign Is 10 be 1 drawn from the system. and that means that the system will be in con 1 trol after the election The system is run on business principles, anl | when it puts up its money 10 carry an ! election, it is sure to he quite careful 1 about the security taken"
 | A resume of the currency law pass ed by the last congress ia given. with comment in part as follows:
 Here is a bill designed .o prevent pancs like that which swept over tho land last fall. And nowhere in the bill do you find the slightest mention of the cause of that and of all other panics-the distrust of the bank de- positor IT the system were not so serious this bill would be the most colossal joke of the century The bill neither gives the elastic currency of the Canadian plan nor the direct gov ernment action of the democratic plan. The machinery for issuing tho emergency Is so roundabout that hal' | a |, d. Ar way before the circulating medium could get out. But the principal fault of the bill Is that it is not honest Tho government is asked to go into part. nership with the banks even farther into partnership than now. When the Unite States government lends It's name to an enterprise, the least it car do is to insure that everyone dealing with that enterprise gets fair play. II the government is to cooperate in the banking business, then the govern ment must secure the bank depositors If this is not done, then the govern ment should withdraw altogether and meddle no more with banks than the groceries"
 On Imperialism" the manual says "The democratic party has a plan; tho republican party has no plan that I dares to reveal The democratic part, deals frankly with the subject. the re publican party Is neither candid witt the American people nor with the Ell, tpinos The breVity and amhgnity Of the republican platform indicates a de sire on the part of the republican lead CTS to avoid the subject as far as pos. sihie Secretary Taft takes the liberty of amending his platform on this sub 1ect as he does on several others, hl Introducing matter which cannot bt found in the platform, or by any req. sonable construction be adduced from IL The republican platform says noth. ing about independence, while Secre tary Taft holds out the hope of in, dependence, for to say that fl is m likely that the people will be ready fo, independence before two generatinns must mean that they will after tha time be ready, and ought 10 have fl The democratic platform presents th' only solution consistent with our tradi tlons and our ideals If Is to declare the nations intention at once; this tho republican party has never done Wher the Filininos know that they are tc have independence as soon as a stabl, government is established they vii join US the more heartily in hastenine the day of Independence and that Tn dependence will be easily preserved be cause the great nations of the worlc will be willing enough to join Tn tht naturalization of the islands"
 Tn order to have Hive spokes" newly sawed timber must be well raeked uJ and laid in the open air one year tt the inch to season The average au tr,,a1 Altt 1yn ,1 piece of timber; that means two year of idle lumber, and after working ou