Weekly Arizona journal-miner., 1908-07-15


 Co enact was bill to prevent the re. currcnee of panics. The last panic was a depositor's panic, brought about by Tear upon the part of the dcpositor that he could not get back his money which had been left in bank This fear was produced by the fact, which had become known, that the banks had been spending their dcpositors' money Co risky, if not unlawful concerns. \ run upon the banks by dcpositors, not by note holders. tn consequence occur rcd The Republican party has attempt. cd Co prevent the recurrence of deposi- tors panics by an emergency bank not" bill in the provisions of which they have decreased The security that the dcpositor had in 2 two-fold way,
 first by reducing tne amount of re. serve required by law to be held. and secondly, by making the new emcrgcn ! cy notes prior lien upon all the assets ! of the bank, decreasing the security | that the bank had to keep for the de- ! po.itor and increasing the bank liabili.
 ties that might hc charged against de ! posits.
 President Roosevelt has constantly
 clamorcd for more laws and has ire qucntly dircglrdcd laws already or tbr statute loks. llc has sometimes ar
 r0gaicd t0 himself to say waat law
 s'ould bc enforced and what shout, not llc has exercised the uuauthorizc, l. privilege of deciding against whom th,
 laws should bc enforced and who shoul, , hc immune from prosecution. He in |.t. C s.ls ..f f | railroads and Of certain men for givinl | and receiving rebates and then ordcrc' f the ditontinuance of the ease agains - one of hj, cabinet officers wao had con r fesscd that a., an official of the raj h Toad he gave rebates Co a company | n which hc was stockholdcr and a
 official. And this man remained in tn
 cabinet until hc left with the Pres
 dcut'- recommendation for more lucri s tive position as the head of a great co !, poraiiu. Indeed by his defiance C Ia legal limitations and the safeguards , ,t thc Consultation, ne has done more c incucatc contempt of law than all ti # mohs that have claimed victims f d their violence in all the states.
 ,c A Brighter Prospect.
 We know there is brighter pro .t pect lf the love of country and libo no " is still strong in the hearts of q ,t American people: if an oath to suppo m. the Constitution is now considered re them ns binding; if the people are m earnest in their protests against { 5. rule of insolcnt wealth. the unauth0 ar zed and baleful influence of corpni as iions and the cxactions of the trus' ia if the manlness of the fathers has be ,i, transmitted to the sons, the fourth
 s next March will mark the advent ho the gladsome light of Democracy n ao the beginning of the return to Con' ad tutional government honesty and ee 'o, omically administered.
 ,o To the banner we raise here we ey vite to repair all citizens of our c' ;a mon country who revere the hot .,s traditions of the past and who dePl ar the grave alterations of the present 't,, Let us see to it that this stand shall once again float over gov' r,s ment resting secure on lasting fouh inc tions. .n es Mr. Chairman, delegates and fel an, countrymen, the time and the oeea'
 d in our national affairs impose d
 we cannot. if we would, evade. must DO out from this hall with '"s hear, and A determination to put .so loved ship of state on an even K .t Al. That keel has been too long beating ." air. We must bring it down into ', deep abiding waters of tho Cons' ,ery tion.