Omaha daily bee., 1908-09-15

knowledge of the fact that the same rules
were continued and enforced by the demo-
Mr.. Crisp. when they succeeded to the
republican house over which Mr.. Reed pre-
sided.
the Ultimate Solution,
Consideration of the paramount issue now
proposed by the democracy, Shall the
people ruie?h forces the conclusion that the
craftsmen of the, democratic platform are
to be acquitted of the offence of insulting
the Intelligence of the American people by
a piece or cheap buncombe, only because
they have fallen into the CONFUSION which
beset the three tailors of Tooley street,
People Of England, and that they think
the people do not rule because they do not
themselves rule, .4s ..rt
party fs1 fesp6nsibfe fortthe abuses or COR
porate wealth. As well -tuight he charge
that the man who plants cotton is .respon-
sible for the boil weevil, or that the man
the ian. Jose scale. Until the millennium
has brought the eradication of human sell
f%ishness and greed, social abuses VIII come
times. Adversely and prosperity, wealth
and poverty have each their own kinds of
abuse. Constant vigilance and constant
activity to meet and put an end to abuses
as they rise is the task of government and
of good. citizenship; but the work Is never
finished. The republican party has pro-
duced the conditions which have made our
great prosperity possible, and II Is dealing
with the evils which. have been incident to
that prosperity with vigor and effective
ness. Upon the course 70 be pursued re-
garding these evils, upon the attitude and
action of the government towards trusts,
railroads and all the great corporations,
there is no substantial issue between the
two parties. Questions of detail and minor
tactics in the conduct of government pro-
cedure alone remain for discussion. The
great difference between the two parties
is that in deaiings with these evils the re-
publican party, shows efficient performance
and. proved competency, while the demo-
cratic party tenders nothing but campaign
promises.
There are two substantial proposals made
I'by the democratic party as to the policy
into power, One is hat they will wipe
out the protective tariff and substitute a
tariff for revenue only. The other PROPOSE
ttion of the democratic platform Is to. re-
quire all national banks TO guarantee the
payment of deposits by an other national
A. bank deposit is a very simple business
transaction. The deposition in effect loans
his money to the bank, which borrows Il
upon a promise to repay II on the lenders
order, with or without a stipulated inter
est. Banks seldom fail to pay. the, debts
thus contracted. Although the deposits are
are exceedingly small. The principal rea-
son why this Is so IS, that bankers are
ordinarily men "he t haye~ o SS5a1IiStneof for
honesty and business sense, People ordi-
narlly will not risk their money by lending
IL 10 men VINO nave not THESE Nidlii5 90
confidence. Under the law any one VINO
can furnish $25, 900 can start a bank, but ~
practice, as a rule, no. one can start a BANK
who cannot furnish a character which
leads the community to trust him and de-
post their money with him IL, hoWeYerr
the sound and honest banks OF the country
guarantee the debts Of every bank,>a We'll
earned reputation for honesty and business
judgment will no longer be necessary as a
part Of the bankers capital; mt wt itv no 20
consider whether a banker Is honest or
not. Any sealawag can start a bank and
| bsSks OF he country. ANY one who wishes
TO use funds in speculative enterprises can
start a bank, invite deposits and. thus Dor
row money on the credit of the entire
banking capital of the United States.
With such opportunities, who can doubt
that the standard OF character OF the panks
the, use Of banking funds for speculative
enterprises would increase and that the
losses which the honest bankers would pc
required to make good would Increase cor
pRfaR Falls Upon Stockholders.
This burden will fall not merely upon the
stockholders of the banks, but upon the
depositors also. Much banking capital
would inevitably be driven out OF the ousl-
ness and such as remained would nave 10
OF interest to It's depositors ana increasing
the rate Of interest upon loans. The proties
merchant, the manufacturer and tho
farmer, depend upon good management
The attempt to make all these profits Of
good, management bear all the losses OF
bad management Is a step In the socialistlc
process which would level all distinctions
between thrift, enterprise and sound Judg-
ment on the one hand, and recklessness,
incapacity and failure on the other.
1t was skilful OF Mr.. Bryan 20 say that
he is bound by the omissions OF the demo-
cratic platform. as we'll as by what II con-
tains; but who dictated the omissions as
today wipe out public ~utterapcess OF the
past and remove them from memory As q
basis fQr judgment. upon the public man.
So much eonftdcnee IL telling sus how the
government ought teIlbe condueted Was
urging upon the American people as 4
panacea foran evils and an aDsolute neees
sity fer ouE prosperity the free and un
| teen TO one. Was ne right then? Wa
his Judgment sound themS Would Il hav'