Daily press. [volume] (Newport News, Va.) 1896-current, 1908-09-17

rpncy ~ an authority against '"'
guaranty plan. and yet Mr., Knox de
clnres that the same plan ono" ,rt"G
unsucccsstuily In New York. waH in
trodnceI In Vermont with better sat"
guards and that tn" law no! only
proved satisfactory IN it. operation
ibm raised the STANDARD 81 backing
Throughout the state
| In Oklahoma the plan Ia; been
put into operation and it has result
,I in the best regulation of banks
THAI any state has yet attempted.
Only Depositors Unprotected.
| 1T Is hardly necessary I" notice
the argument upon which Mr.. Tat
laws most stress, namely. that ip"cu,
la,urS would take adNamtaG" oi tn"
ISystcm. Spectators hay" TAX II al
Vantage OF the present System.
THE dypositor knows that tn"
Federal government, requires security
when 1t deposits In national banks;
he knows that the state. che county
and the city Gemand; security wh"E
they deposit In banks; h" knows that
| The fraternai orders demand scnri-
,ty. and he is beginning (" ask why
he alone Is left unprotected in cas-"
OF bank failure. ana tn question
will be- asked with mote and NOR"
rmpha,is until he is answered with
security. Let the Republicans M
longer accuse us OF SnCialis;ic ten
dcnci IL they prefer III" postal saw
| ings bank with its indefinite en-
! croachments upon tn" banking busi,
mess to our system. which leaves tn"
|bankin. business to the bankers and
compels the banks to protect their
ldepOsitOrs.
As to Lawful Trusts.
THE third scare presented by Mr..
Taft is in the discussion Of the trust
question. He says thar Ny Roose-
welt would compel the trusts to con
duct their business in lawful man
ncr and secure the benefits of their
operation and the maintenance OF the
prosperity of the country q. which
they are an important part; while
ilMr Bryan would extirpate and d.
stroy the entire business in order tn
stamp out the evils which they have
practiccd.' :
Her. Is a contention by Mr.. Tart
| that he regards the trusts as hec' T.
sary to the nations prosperity. for
he declares that they play an import
ant part in the maintenance OF proa-
rcrily. and he charges that | would
and destroy business In ex.
ltirpating and destroying the pr.nc'-
ri. of monopoly. Mr. Taft admits
that the Republican party does not ill.,
tend to prevent trusts. Ii only pro,
poses to regulate them. II Mr.. Ro0sc-
welt with all his str"nuO,isity. has
not succeeded in imprisoning single
trust magnate. how can the com
placent Mr.. Taft hope to accomplish
anything in the way of regulation!
THE Democratic plan is to bring
manufacturing and trading corpora
lions under the surveillance OF the
general government when they reach
n point where their control OF busr
ness becomns a menace. The hm''
/ is fixed arbitrarily ut % per cent
and it Is needless to say that TINS
; limit Is so high that an insignificant
| fraction OF the corporations Will DC
brought under the operation OF the
law. but those brought under the
oDaration of the law would be the
very ones which have been exploit
| ing the country and eyading the OH
GERS OF the law This plan instead
OF disturbing business would protec'
a multitude of legitimate corpora
ifjons which are now in constant feaI
OF being bankrup,rd by the nnscrnIf
Mons methods of the mOnOpOiistiS
corporations.
License Of Corporations.
Our platform contemplates the
passing OF a law that will compei
IIicensa of corporaiioas-ihai is those
cont rolling between % and 80 pei
cent. OF the total producf-to sell II
Ian customers on the same terms, due
allowance icing made for the cos'
lof carrying. Mr.. Tat dan"unc".
this as 4 sociaIisIir interference WI
business. but ] am sure thai such 4
law will IT, welcomed by those who
are acquainted with, the consc'ence
,css methods hy w5ich tn trusts
have extcrminatcd their rivals aud
then plunasrcd helpless public.
| "Th, fourth scare which Mr.. Tar
presents il .xCi,rd by the DemccEa
tic declaration on the tariff question
Speaking of our platform pledge 10
make such radical reductions "a may
be necessary 10 r store the .arih I"
revenue basis. he declares in bis
modification speech iha, the introduc
ton in power 0f party with thi'
avtAxed purpose cannot but hall The
gradual rccov. ~ from our recent "
nanciaI depression and produce bust
ness disaxicr. compared With whicn