Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1908-06-26
Entered AZ the Elxo postonice for Transmission
through the mails rs second-class matter.
AN UBIQUITOUS MEASURE

The Chicago platform endorses the
Aldrich-Yreeland currency bill. Some
of the iniquities of hat measure are set
out in the following extract from {
speech made by Alfred o. Crozier. ;
prominent nhtional banker of Whining
ton. Delaware, before the banking and
currency committee of the house oi
representatives while that committe,
was considering the bill. 1t should bt
read by every thoughtful man in this
country:
Gentlemen, l am II republican. As
IL member of the party now i'll control
Of every branch of the federal govern,
ment, 1 claim the right to express my
views us TO the political effect of the
passage of either the Aldrich or Vrcel-
and bills. The people of the entire
country believe these are Wall-street
measures. The people !of the entire
country ARE against Wall street because
they believe its practices caused the re-
cent panic. and that it prOtited from the
financial misfortunes of the balance of
the country. The people of the United
States surely will hold the party in pow
er responsible if this bill is passed. The
Vreeland bill cuts out some of the best
features of the Aldrich hill and is equal
~ vicious. About the only change is to
give greater advantages and more prof
it's to national banks. When it is I'M
.1arS@nn1 khnt thoea n,.nr a rn ts,St,ny1 m,
the basis Of capital and surplus, respec-
lively, the figures l have given showing
the concentration of hank control clear
ly proves that most of the benefits will
'As l said, the New York Tribune
states that the bill has no friends in the
United States. Other republican papers
are making similar statements. Your
hearings Indicate that almost every
business interest and banking interest
throughout the whole country is against
any emergency currency measure.
Only Wall, street is known TO he in
favor and actively promoting these bills.
Why, then, should the republican party
undertake to force these bills through
congress under the spur OF the party
whipf If it is done, our leaders are
riding to n fall. Every consideration
of political expcdiency dictates that
these bills should he defeated and the
currency commission appointed to study
these grave and complex questions with
lalt1NaruttnN nY,1 u-iln tAGnar,1, tl,rf a..
country may he provided with a cur
rency and banking system adequate to
its expanding business. Such II com
mission with power to swear witnesse:
and call for the production of paper:
and documents, could easily discover
the true causes Of panics, and thus pave
the way for the enactment of effectua
legislation to make their recurrence,
impossible. This would prove IL grea'
national blessing and the party adapt
ing this cours would receive an,
deserve the c~ommcndation and supper
of the American people.
1T is impossible to understand an
reason for thus forcing this UNIVERSAL,
obnoxious legislation through congress
unless some persons high i'll the councils
of our party have made some secre
pledge to the masters of Wall street t.
put this legislation through and give it
dangerous powers to the special inter
ests in exchange for the support of tn
m~alefactors in the coming nationa
campaign. If this is what has bee
done, and it Is persisted in TO the exten
of fastening this dangerous Legislation
OH the country, II party will deserv
the defeat which that course will hrinl
upon 1t. Every patriotic citizen vii
hope that no such unholy and discredit
able bargain has been made, and that i
the final test the members of tn
majority party In congress will listen t
the all but universal demand Of tn
people Of the entire United States an
will defeat both the Aldrich and tn
Vrecland bills overwhelmingly"