Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-07-10

NNoutlHueu from page one.
suggestions, now frequently made.
that the powers OF the general gov
eminent should be extended by in
ulclal construction.
There Is no twilight zone between
the nation and the state in which
exploiting interests can take refuge
from Doth; and II Is as necessary
that the federal government shall
exercise the powers delegated to IL
as 1t is that the state governments
shall use the authority reserved to
them; but we insist that federal
remedies for the regulation of in
terstate commerce and for the pre-
yention OF private monopoly shall
be added tO-nOt substituted for
state remedies.
The Tariff.
We welcome the belated promise
of tariff reform now offered by the
Republican party in tardy recogni-
ton OF the righteousness of the
Democratic position on this ques-
ton; but these people can not safe
ly entrust the execution OF this im-
portant work to a party which is so
deeply obligated to the highly pro-
tected interests as the Republican
party. We call attention to the sig
nificant fact that the promised re-
lief was postponed until after the
coming election-an election to sue
coed in which the Republican party
must have that same support from
the beneficiaries of the high protect
i've tariff as it has always heretofore
received from them; and to the fur
Their fact that during years of un-
a NJ II .
ever has been taken by the Repub
lican congress to correct the admit
tedly existing tariff iniquities.
We favor immediate revision OF
the tar n by the reduction Of i'm
port duties. Articles entering into
competition with trust-cOntrolled
products should be placed upon the
free list, and material reductions
should be made in the tariff upon
the necessaries OF life. especially
upon articles competing with such
American manufactures as are sold
abroad more cheaply than at home;
and gradual reductions should be
made in such other schedules as may
be necessary to restore the tariff to
revenue basis.
Existing duties have given to the
manufacture of paper a shelter De-
hind which they have organized
combinations to raise the price OF
pulp and of paper, thus imposing \
tax upon the spread of knowledge.
We demand the immediate repeal Gf
the tariff on pulp print paper, lum-
Der. timber logs, and that these
articles be placed upon the free list.
Banking.
The panic of 1907. coming with
out any legitimate excuse, wneI the
Republican party had for n decade
been in complete control of the
federal government, furnishes addi-
tional proof that 1t is either unwil!.
ing or incompetent to protect the
interests of the general public IL
has so linked the country to Wall
street and the sins of the spectators
are visited upon the who's people
While refusing to rescue wealth pro.
ducers from spoilation at tn hands
OF the stock gamblers and specuIa-
tors in farm products, il has deposit
ed treasury funds. without interest
and without competition, in favori.e
banks. II has used an emergency
for which it is largely responsible
to force through congress a bill
changing the basis of bank curren-
cy and inviting market manipula-
ton, and has failed to give to the
fifteen million depositors OF the
country protection in their savings.
We believe that insofar as the
needs OF commerce require an emer-
gency currency. such currency
should be issued. controlled by the
federal government and loaned on
adequate security to national and
state banks. We pledge ourselves
TO legislation under which the ma
tional banks will be required to es-
tablish a guarantee fund for the
prompt payment of the depositors of
any lnsolvent national bank under
an equitable system which shall be
available to all state banking insti-
tutions wishing to use II.
We favor a postal savings bank
II the guaranteed bank can not be
secured and that It be constituted so
as 20 keep the deposited money in
the communities where It is estab-
lished. But we condemn the policy
OF the Republican party in prOvid
ing postal savings banks under =
plan OF conduct by which they will
aggregate the deposits OF rural com
munites and redeposit the same
while under government charge in
the banks OF wall street. thus de-
Dleting the circulating medium of
the producing regions and unjust
" favoring the speculative markets.
Publicity Of Campaign Contributions
We demand federal legislation
forever terminating the partnership
which has existed between corpora
lions OF the country and the ReDub-
lican party under the expressed or
implied agreement that In return
for the contribution Of great sums
% money whcrewith 20 purchase
elections they should be allowed 20
continue substantially unmoleste1