The Republican. [volume] (Oakland, Md.) 1877-current, 1908-07-30

states that We must i:I-e u more elias
tic and adaptable system TO meet the
, requirements of agricU!turists. manu-
( facturers, merchants and business men
generally, must be automatic in opera
ton, recognizing the fluctuations in in
terest rates" in which every dollar
shall be as good as gold. and which
shall prevent rather than aid financial
stringency in bringing on panic.
Postal Savings Bank and Its Advan-
tages.
In addition to this. the Republican
platform recommends the adoption Of
postal savings bank system in which,
| of course. the Government would be-
come responsible to the depositors for
the payment of principal and interest.
It is thought that the Government
guaranty viii bring out of boarding
places much money which may be
turned into wealth producing capital,
and that it will be great incentive for
thrift in the many small places in the
country having now no savings bank
facilities which are reached by the Post
e''i-'N ~ l'-'l tlllti4ts II W III DLIlG 10
every one, however remote from fnan-
cial centers, a place Of perfect safety
for deposits. with interest return.
Objections to Democratic Proposal to
Enforce Insurance of Bank Deposits.
The Democratic platform recon-
mends tax upon National banks and
upon such State banks as may come
in. in the nature Of enforced insurance
to raise guaranty fund to pay the de-
postOrs Of any bank which fails. How
State banks can be included in such a
scheme under the constitution is left
| in the twilight zone of States rights
and Federalism so frequently dimming
the meaning and purpose of the prom
.seS Of the platform. If they come in
under such a system, they must neces-
sarily be brought within the closest
National control. and so they must
really cease to be State banks and be-
come National banks.
The proposition is to tax the honest
and prudent banker to make up for the
dishonesty and imrrudence of others.
If the proposal We're adopted exactly
as the Democratic platform suggests,
it would bring the whole banking :. =
ten of the country down in ruin.
The Republican party prefers the
postal savings bank as one tried. safe,
and known to be effective, and as
reaching many more people now with
out banking facilities than the new
system proposed
Philippines.
In the Philippines the experiment Of
a national assembly has justified it
self, both as an assistance in the gov
eminent of the islands and as an edu-
cation in the practice of self-govern-
ment to the people of the islands.
The proposition of the Democratic
platform is to turn over the islands
as soon as a stable government is es-
tabltshed. This has been established.
The proposal then is in effect to turn
them over at once, Such action will
lead to ultimate chaos in the islands.
The Rights and Progress of the Negro.
The Republican platform refers to
these amendments to the Constitution
party for the protection of the negro.
The negro, in the forty years since he
was freed from slavery. has made re
markable progress. He is becoming a
more and more valuable member of the
communities in which he lives. The,
education of the negro is being ex-
banded and improved in every way.
The best men of both races. at the
North as we'll as Mt the South. ought to
rejoice TO see growing up among the
Southern people an influential element
disposed TO encourage the negro in his
hard struggle for industrial independ-
ence and assured political status The
Republican platform, adopted at Chi
cagO. explicitly demands justice for all
men without regard to race or color,
and Just as explicitly declares for the
enforcement. and without reservation,
in letter and spirit of the Thirteenth.
Fourteenth and Fifteenth Amendments
to the Constitution.
Publicity of Campaign Contributions
and Expenditures.
Another plank of the Democratic
platform refers to the failure of the
Republican Convention to express an
opinion in favor of the publicity of
contributions received and eXpendi-
lures made in elections. Here again
we contrast our opponents promises
with our own acts. \ resident of New
York has been selected as treasurer of
the Republican National Committee.
who was treasurer of the Republican
State Committee when Governor
Hughes was elected in New York. and
who made a complete statement with
in twenty days after the election, as
required by the New York law, of the
contributions received by him and the
expenditures made by him or under
his authority in connection with that
election. His residence and the dis
charge of his duties in the State of
New York subject him to the law Of
that State as to all receipts of the
treasury Of the National Committee
from whatever source and as to all its
disbursements. His returns will be
under the obligations and penalties of
the law. and misstatement by him or
. Col.