The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1908-01-17


ing had time TO analyze the Aldrcl
bill | ann inclined to The opinion tina
the low interest rate and the charac
ter Of the securities provided for, ar
IFS two questionable features that de
mand careful consideration
On the part Of the Democrats, Sena
tor Culberson introduced "A bill amend
ing the banking laws, so that Interest
hall be paid on public deposits
which should receive favorable con
sijeration, but undoubtedly VIII be-
opposed by the favored national banks
and their Republican friends in the
Senate. Al-o another amendment Ia
require national banks to keep their
own reserve instead Of in the vaults Of
other national banks
Senator CulbersOn also introduced a
bill to protect deposits in national
banks by requiring all banks who
accept the provisions Of the act to pay
according to their combined capitol
their proportion Of deposits Of insol-
vent banks. Those banks who refuse
to accept the conditions of the act are
not to receive any government de
posits. That bill is perhaps intended
to cover the proposition Of Mr.. Bryan
that the government guarantee de-
pOsits in national banks, but the
CulbersOn bill expressly provides that
1.-THE extent Of the obligation Of the
United States is to enforce this act. -
As there would be decided objection
by the strong banks 10 voluntarily
become surety for weaker ones, il is
not probable, il the bill was 10 pass,
that enough banks would accept lis
provisions to make il workable. In
case the depOsitors Of insolvent banks
would add to the strain and probably
lead to the failure of those banks so
assessed.
Senator Culberson's plan is, how
ever far preferable to that of Mr.
Bryan's which would futher entangle !
the government with the banking /
interests and require a vast reserve |
fund to meet the guarantee in time OF |
panic. Senator Culbersou, as the
Democratic leader Of the Senate,
evidently sees the impossible condi-
tons Of the plan Of Mr.. Bryan and
has introduced his bill as a protest
against Mr.. Bryan's radical PROPOSE
ion without perhaps any expectation
hat his bill win he favorably consid-
cred.
Since Congress rsassembled have
mad consultations and suggestions
rom many Democratic Senators and
Representatives. Most Of them feel
hat Mr.. Bryan has alienated many
'oters by his proposition for the
guarantee Of deposits in national
'anks, as it shows his lack Of know
edge Of financial affairs and that like
resident Roosevelt he is an oppor-
unist ready to jump at conclusions
N the most important affairs Of gov
There is no doubt he in
ended to leave Roosevelt in the rear
IS a refOrm'r Of railroad abuses, when
ie proposed the government owner
hip of railroads, but the opposition
4 the people to such radical action
vas so apparent that he was forced to
bandon it for the time, but still
insists that it is the only ultimate
olution Of the control Of transporta-
ION.
In case Mr.. Bryan shall he n0mina-
ed for President the Democracy will
e saddled with this government
wnership proposition, although the
arty would not adopt it in its plat
)rm. Yet it would be forced into
rominence by the Republicans on
urpOse to worry and annoy us and =
} put us on the defensive. If Mr.
ryan should take the stump, he
ould be forced to answer questions },
n his plan for government ownership p
nd explain how he would provide
re money and how prevent what 7
'er party is in power from cOercing h
le one and quarter million ofyOters d
nployed in railroad work to vote for p
) nominees for President, Congress, u
ate, legislative and local officers
here the question Of the segregation u
the races in railroad cars is cOnsid- u
ed Of vast importance, as in the y,
'uthern States, government owner ri
lip would force that issue into the
'tiOnal field Of politics aud would &
ldOubtedly lead to large DETECTION ST
voters from Mr.. Bryan, if he is the
ndidate. In Kentucky, where T.
cry Democratic vote is needed, it
light lose the State to the Democracy, m
T party ties are weak and the spirit Of
independence amongst the voters to 70
follow their own preferences, will II
more apparent than it has ever ID
fore been al national election. As pl
+ as | have had the time aud oppor- ca
nifty to talk with Democratic leaders ~
cir general opinion Is that Mr.. L
yam would be defeated because Of L.
E animosties which he has aroused Pc
trying to carry the party into an W,
dorsement Of paternalistic policies W,
1t verge on socialism. They all rec
nize the large popularity that Mr.. ia
yam enjoys and that his following 1t
necessary to Democratic success.
nee but few will openly criticise
n, as they do not wish from motives
policy to be classed as anti-Bryan,
many Of their constituents would
.,,.t o.ss... m,