Ottumwa tri-weekly courier., 1908-10-22

tor and why he called the special ses
sion of the legislature.
NO one knows why the special ses-
sion OF the legislature was called and
tne consequent expense incurred The
members of both houses were notified
and 1t was up to them to comply with
the call. do not know why it was
called and doubt if ever will or any
one else
Touching on the guaranty of bank
deposits, the speaker said he would
talk to that question only in as much
as 1t was state issue, that Mr.. Ham
llton would discuss it as a national is
sue. You are familiar with the man
ner in which Mr. Taft has handled
this question in the early part of the
campaign said he.
He attacked it. from all sides and
condemned IT most strenuously, How
ever, II was adopted by the state Of
Oklahoma and it's effect was so salts
factory that not only did Oklahomans
make greater use of their banks, but
the people of Kansas in great numbers
began to send their money to Okla
homa banks. This caused a furore in
Kansas banks and led the bankers of
that state to seek q remedial measure
at the hand, of the Republican party.
Mr. Taft 4 you viii but recall, turned
to the question in a different manner
Tor the sake of the Kansas bankers and
what does he now say of guaranty Of
bank deposits? Y think it a good
thing, says he, but would not force
It upon the bankers Now how many
bankers do you suppose will yoluntar.
lly adopt it. Mr.. Shaw, former Iowan
and one time secretary of the treas
ury, believes that the total of the guar
anty fund would b. too small to in
suresthe country against panic. Nov!
good people. let us look at that from
the standpoint should use in con
sidering an insurance company. Do
the fire insurance companies always
have sufficient money dollar for dollar
70 meet their every risk in the event
that all of their patrons burn out at
once? Such a thing is not considered
for 1t is impossible that all their
patrons should suffer simultaneously
and If they should the strongest com
pany would go down and cut like the
snufflng OF candle. Sc it is with
the guaranty of bank deposits.
Goes After Lobbyists.
before the. matter of guaranty of
bank deposits was taken up by the DO
lltlcal bodies and the lines drawn for
and against, the bankers in a state
convention in our state in casting
about for a means to ward off panics
and their dire effects, passed reso.
luton which in effect would accom-.
plish just what the Icmocratic party
IS wanting to adopt. They said that
the assurance of safety to the deposi-
tor by means that may be raised bv a
tax among the banks would work good
results to the bankers as vel. as de.
positors. That it would be in line
with the present advance of business.
ETC. If elected | promise to do what
can to aid in the adoption by the state
OF measure for the safety of depos-
it's.
The speaker then told of the numer-
Gus pledges made, two years ago and
told of how he had redeemed them
all. The influence of the lobby at the
houses of legislature in Des Moines
mas been the means of thwarting the
real good some of the measures pass
ed have had originally. He cited the
street car Improvement bill introduced
by himself and Senator Moon, this bill
sought to give more comfort to the
men who operate the cars. Through
the lobbying of the street car com.
pany's representatives in the various
committees in which the bill was
handled, it came from the committees
rather disfiguredr from the original and
was adopted as 1t appeared on the
floor. The effect Of the lobby has
been the means of robbing many bills
OF their real effects and I believe that
the lobbyist should be made to regard
his testimony before e committee as
sacred in veracity as in the courts Of
justice. If it is possible pledge N.Y.
self to work to the end that any mem.
Der of committee can put lobbyist
On his oath in testimony before con-
mittee when the member has any rea-
son to feel that the testimony is not
borne out by facts The speaker clos
ed with tribute to the honesty and
apparent sincerity of his opponent,
whom said he is a personal friend. He
spoke Of the stand he took on the
2-cent fare BILL and in the face of a
resolution from some Of his constitu-
ents, the members of the city council
of Eldon, who asked him to fight this
bill on the grounds that it was hurt
ful to the railroads and Eldon, rail
road town. If you approve of my rec,
ord, / ask your support; if not, you
should vote for Mr.. Moore"
Chairman Box in introducing Con-
gresham Hamilton recalled the days
Of old when the watchman stood