Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-07-09

not abolishing. the process of injunc-
ton and the power to punish for al
legged indirect or constructive con-
tempts of courts. Ever since 1896 the
democratic party has protested against
hasty and ill-considered use of injunc-
lions and has been insisting on the
right of fair trial in all cases of con
structive cOntemptS. The republican
party have been avoiding this ques-
ton. So the president, in taking it
up. and Mr.. Taft in his letter to tue
labor unions advocated a measure
that the democratic party. acting in
behalf of the correct administration
of public justice. has been demanding
for II years. If the president was in
earnest when he sent his message to
congress he was to that extent demo
cratic.
Same Old story.
THE president and his party desire
that prediction revision of the
tariff would be unwise.
This assertion has been repeated
in advance of every election since
the enactment of the Dingley law and
surely the country. VIII not again be
deceived by republican promises to
revise in this-giye US another chance
to make YOU promise and the prom
Use viii be made.
What does protection mean? Tn
der the republican policy of protec
tor. the people, the consumers, while
Z, paving little over 100000 600 per
lyeal into the treasury through import
duties on foreign goods. pay between
$1.250, 600. GOO and 81 500 000, 600 a year
in the enhanced price of home pro
duced goods. Our domestic manufac.
lures exceed our total imports by 10
to / and they are nearly all protected.
1t is safe TO say that the people pay
at least So to the already wealthy
bere fciaries Of proteetionism for ev
cry dollar that is paid into the treas
ury Behind the wall of high protec.
ton. which in some cases is alto
gether prohibi.ive, the trusts levy
| enormous tribute on the people This
has amounted to not less than $40.
IG00,000,00o in the last decade.
About Financial Panic.
| Proceeding at once to a mention OF
1.-THE republican party's dealing with the
disturbed finances of the country, we
are brought before the cui ious legisla
tive compound, the Vrae,and-Aldricl
bill. The republican ,,arIy boasts .oi
its knowledge of finance. What have
they given us in this law?
ut will be remembered that il
1929, under q republican admins
tration. panic was anticipated. The
lpanic came: and WITH republican eff
: frontery they charged that panic {,
the democratic party. Now, controllin:
every branch of the government, the,
: ANONYMOUSLY seek to charge on Ii!
every consequence growing out of thei
own administration of the government
"The only sort of legislation witt
Iany great force of pubic opinion be
hind it that the republican party al
tempted to enact was bill to proven
the recurrence of panics The las
panic was depositors' panic, broueh
!, about by fear upon the part of the de
pOollOI that ie Cuulu NOT get HIS mon :.
which had been left in bank. Thi
fear was produced by the fact. whic
lad become known, that the banks ha
- been sending their depositors' none
: TO risky, if not unlawful, concerns. !.
n run upon the banks by depositors, ne
o by note holders, in consequence o.
r. Toured. The republican party has a
n / tempted to prevent the recurrence {
y depositors' panics by an emergene
II bank note bill, in the provisions
/ which they have decreased the securit
d that the depositor had, in two-foI
j. way; first, by reducing the amount .
e reserve required by law to be held
le and secondly, by making the ne
I? emergency notes a prior lien upon a
b. the assets of the bank, decreasing Il
g, security that the bank had to keep f,