The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-07-29

anu .lne outlying DOssessiOns, OF the *
80 on June 10th to 18th, inclusive.
has completed It's deliberations:
mat 1t has outlined and submitted
10 the citizenship OF the republic.
a9r sonsidera tion and adoption.
gress. which. OF course, the RepubIi-
can convention had in mini. proyidcs
Tor the Investment OF the money de-
rosited In national banks In tile very
places In which 1t is gathered, or as
l ne thereto as may be practicable.
rms, Lnls ls an answer to the criticism con.
lained In the Democratic platform tia
n the country. will be deposited in
wall Street banks. The system If5 pOs-
tai savings banks has been tried In 70
many countries successfully that IT
lcannot be regarded longer as new
End untried experiment
Insurance =. Bnnk Deposits.
The Democratic platform recon.
mends a tax upon national banks and
upon such state banks as may come N.
IN the nature OF enforced insurance to
raise guaranty fund to. pay the de-
posters OF any bank which falls How
State banks can be included in such a
scheme under the Constitution Is left
Pin the twilight zone of States rights
and Federalism SO frequently dimming
the meaning and -urpose OF the prom
lses Of the platform. II they come in
under such a, system. they must nee
esaariiy be brought within the clos
really cease to be State banks and
become national banks.
The proposition Is TO tax the honest
and prudent banker 70 make up for
the dishonesty and imprudence OF 9th
under this system would be imposed
upon the sound and conservative bank
ers OF the countrt. by this obligation
to make good the losses caused by the
RECKLESS. speculative and dishonest men
who would be enabled to secure de-
posts under such a system on the
faith Of the proposed insurance; as IN
Its present shape the proposal you'd
lessness in banking. and the chief, and
| in the end probably the only benefit
would accrue to the Spectator. who
would be delighted to enter the bank
he could enjoy any profit that would
accrue. while the risk would have 10
be assumed by his honest and hard
working fellow.
lpracttcablc. unless It is to be accom-
panied by a complete revolution In our
banking system with supervision so
close az practically to create govern
adopted exactly as the Democratic plat
form suggests. 1t would bring the
whole banking system Of the country
down in ruin; and this proposal is It
illness for national control OF party
which Will commit itself to a scheme
OF shis nature without the slightest
cal operation OF the law proposed.
| yoluntary Plan for Guaranty
a plan for a guaranty OF deposits
| by the voluntary act OF the banks In
yolved has been favorab bly, reported to
course Is entirely different from the
scheme in the Democratic platform.
emitting as 1t does the features OF
compulsory participation and govern;
unquestionably receive the thoughtful
consideration OF the national monetary
commissions.
Republican Policies AZ 10 Dependencies.
The Republican party mas pursued
consistently the policy originally adopt
ed with respect to the dependencies
Which came to US as the result Of the
Spanish war.
Porto Rico.-The material prosperity
of Porto Rico and the progress OF *:
Inhabitants toward better conditions in
respect to comfort OF living and edu-
cation should make every American
proud that this nation has been an
efficient instrument in bringing happi-
ness to a million people.
Cubn.-In Cuba, the provisional gov
lernment established in order to pre-
vent bloody revolution has so admin
istered affairs and initiated the neces-
turn back the island to the lawfully
elected officers OF the republic in Feb
ruary next. Il
Philippinea.-In the Philippines the
experiment Of sa~nationsl assembly has
Justified itself, both as an assistance
in the government OF the islands and
as an education in the practice OF self
goyernments.tost the people OF the is
lands. s4sss -9 IL AZ II III
We have established q governments
with effective and honest executive de-
partments and a clean and fearless
administration OF Justice: we have cre-
ated and are maintaining compre-
senoo system Which Is sdu
lish and lsilnS industrial branches; we
have constructed great government
public works, roads and harbors: we
of 500 miles OF railroad 1--WE have po-
Iced the Islands. so that their condition
as to law and order Is better now than
It has ever been in their history It is
Of the dense Ignorance OF 90. per cent,
will be ready for complete self govern
ment and independence before two gem
e er have passed. but the policy
step by step 8as the people shall show
themselves fit for It should be con-
tinued. sEs,is l55
Tl1e pTOpObltlUuE sAluo democratic
platform is to turn over the islands
as soon as a stable government is es-
tablished This has been esta hlished
The proposal then is in effect to turn
them over at once. Such action will
lead to ultimate chaos in the Islands.
and the progress among the ignorant
masses in educationS and better living
will stop. We are engaged in the
Philippines In a great missionary work
that does our'snatlon honor, and Is GER
tain TO- promote In q most effectiye way
the Influence OF Christian civll!zation.
1t Is cowardly to lay down the burden
until our purpose Is facheved.
Hope of Prosperity.
* Many unfortunate circumstances be-
You'd human control have delayed the
coming Of business prosperity to the
islands. Much may be done in this
regard 6hyaincreasing the trade between
the islands tho United States. under
tariff laws permitting reciprocal free
trad In the respective products of the
two countries, with such limitations
as to sugar and tobacco imported into
tho United States as will protect dos
nestle interests. The XII admission OF
100000 tons OF sugar from the Philips
pine Islands in a foreign Importation
OF ], 500 900 tons, will have no effect
wta tevers upon the Domestic sugar In
terests of the United States, and yet
such an importation5 from the Philip-