Ottumwa tri-weekly courier., 1908-07-30
caused by the reckless, speculative

caused by the reckless, speculative
and dishonest men who would be en-
abled to secure deposits under such
a system on the face Of the proposed
insurance. In its present shape, the
proposal would remove all safe
guards against recklessness in banking
and the chief and In the end probab-
ly the only benefit would accure to the
speculator who would be delighted to
enter the banking business when it was
certain that he could enjoy any pro-
mt that would accrue while risk
would have to be assumed by his hon
est and hardworking fellows. In
short, the proposal is impracticable
unless 1t is to be accompanied by a
complete revolution in our banking
system with supervision so close
as practically to create government
pank If the proposal were adopted
exactly as the Democratic platform
suggests, 1t would bring the whole
banking system of the country down
in ruin. The proposal is In itself an
excellent illustration of the fitness for
national control of party which will
commit itself to scheme of this kind
without sense of responsibility as to
It's practical operation.
/ Postal Savings Much To Be Preferred
Democratic party announces its ad
heasion to this plan, and only recon-
mends the tried system OF postal saw
lhgs banks as an alternative ii the new
experimental panacea is not available.
me Republican party prefers the pos
TAI savings bank as one tried, safe and
known to be effective. and as reaching
many more people now without bank
ing facilities than any other system.
i Policies As To Dependencies
4 me Republican party has pursued
consistently the policy originally
ADOPTED with respect to the depend
encles which came to us as the re-
suit of the Spanish war.
Porto Rfco-The material prosper-
its OF Porto Rico and the progress OF
its inhabitants toward better conditions
IN respect to comfort of living and
eaucatlon should make every Ameri-
can proud that this nation has been
an eflcient instrument in bringing
happiness to million people.
i Cupa-ln Cuba. the provisions
government established in order to
prevent bloody revolution has so
administered affairs and initiated the
necessary laws as to make 1t POSSIBLE
TO turn back the island to the lawfully
/ elected officers of the republic In Feb.
lruary next
I Philippfnes-In the Philippines the
experiment of national assembly ha g
1usnned itself, both as an assistance
IN the government of the islands and
as an education in the practice Of
lself-government to the people or the
Islands. We have established a gov
ernment with effective and honest ex-
ecutive departments, and a clean and
/ fearless administration of Justice. we
nave created and are maintaining a
! comprehensive school system which is
educating the younth of the islands In
English and In Industrial branch es.
we have constructed great governments
public works, roads and harbors
we have induced the private constuc-
ton of eight hundred miles Of rail-
road; we have policed the islands 80
that their condition as to law and
order is better now than 1t ever has
been in their history. It is quite I'M
likely that the people, because of the
! dense ignorance of ninety per cent
4 VIII be ready for compile self govern
ment and Independence before two
generations have passed, but the poI-
Icy of increasing partial self-govern-
ment step by step as the people shall
show themselves fit for it should be
continued
Democratic Proposal Means Chaos
The proposition Of the Democratic
platform Is to turn over the islands
1 as soon as g. stable government is es-
| taplished. This has been established
The proposal then is in effect to turn
1 them over at once. Such action will
lead to ultimate chaos In the islands
and the progress among the ignorant
masses in education and better living
will stop. We are engaged in the
Philippines in a great missionary
work that does our nation honor and
1 is certain to promote in most ef-
fective way the influence of Christian
civilization. 1t is cowardly to Law
down the burden until our purpose
Is achieved.
Hope of Prosperity
! Many unfortunate circumstances be-
lyond human control have DELAYED the
coming Of business prosperity to the
! islands. Much may be done in this re-
gard by increasing the trade between
the islands and the United States. un-
der tariff laws permitting reciprocal
free trade in the respective products
Of the two countries with such limita-
tions as to sugar and tobacco import
ted in the United States as will pro-
tect domestic interests The admiss-
ion of 100000 tons of sugar from the
Philippine Islands in foreign inn
portation Of 100000 tons, will have
no effect whatever upon domestic
sugar interests of the United States,
and yet such an Importation from the
Philippine Islands, not likely to be
reached in ten years will bring. about
the normal state of prosperity in those
islands in reference to sugar culture.
| The same thing is true Of similar
limitation on the importation of to-
bacco. 1t is not we'll for the Philip
pines to develop the sugar industry
to such point that the business Of
the islands shall be absorbed in 1t,
because it makes a society in which
there are wealthy land owners. hold
! ing very large estates, with valuable
and expensive plants, and a large
population of unskilled labor In such
a community, there is no farming or
class tending to build con-
sevative, self-respecting community.