Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1908-07-10


ord the republican platform contains
no reference to economical admins
tration or promise thereof in the flu
ture. We demand that a stop be
put to this frightful extravaganza
and insist upon the strictest econ
omy in every department compatible
with frugal and efiicient administra-
tion.
Banking and Currency.
Banking. The panic of 1907, COM
ing without legitimate excuse when
the republican party had for decade
been In complete control Of the feder-
al government, furnishes additional
proof that 1t is either unwilling or in
competent to protect the interests of
the general public. It has SO linked
the country to Wall street that the
sins Of the SPECTATORS are visited up
on the whole people. While refus-
ing to rescue the wealth producers
from sDoilation at the hands Of stock
gamblers and spectators in farm
products, 1t has deposited treasury
funds without interest and without
competition in favorite banks. II
has used an emergency for which it
is largely responsible to force through
congress bill changing the basis of
bank currency and inviting market
manipulation, and has failed to give
to the 100000 depositors of the
country protection for their savings.
We believe that in so far 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 national banks shall be
required to establish guaranty fund
for the prompt payment of depositors
Of any insolvent national bank under
an equitable system which shall be
available to all banking institutions
wishing to use it.
Postal Savings Bank.
We favor postal savings bank if
the guaranteed bank can not be Sc
cured, and that 1t be constituted SO
as to keep the deposited money in,
the communities where it Is establish
ed. But we condemn the policy of
the republican party in providing pos
tai savings banks under a plan of
conduct by which they will segregate
the deposits OF rural communities and
redeposit the same while under gov
eminent charge In the banks of Wall
street, thus depicting the circulating
medium of the producing regions and
unjustly favoring the speculative
banks.
ROOsevelt's support of Taft.
Misuse of Patronage.-We con-
denim, as a violation of the spirit of
our constitution, the action of the
present chief executive in using the
patronage of his high office to secure
the nomination of one of his cabinet
officers. A forced succession in the
presidency is scarcely less repugnant
to public sentiment than its life ten
ure in that Office.
Waterways-Water furnishes the
cheapest means OF transportation,
and the national government, having
the control of navigable waters,
should improve them to their fullest
capacity. And we earnestly favor
the immediate adoption of liberal
and comprehensive plan for improv-
ing every water course in the union
which is justified by the needs of
commerce and, to secure that end,
we favor, when practicable, the con-
nection of the great lakes with nav
igable waters and with the gulf
through the Mississippi river, and the
nayigable waters with each other,
and the rivers, bays, and sounds of
our coasts with each other, by arti-
tlcial channels, with a view to per-
fecting a system of inland waterways
to be navigated by vessels Of stand
ard draft.
Independence for Philippines.
Philippines.-We condemn the ex-
pertinent In imperialism as an mex
eusable blunder which has involved
as in an enormous expenditure,
brought US weakness instead of
strength and laid our nation open to
the charge of abandoning a funda-
mental doctrine of self-government.
We favor an immediate declaration
of the nations purpose to recognize
the independence Of the Philippine
islands as soon as a stable govern
ment can be established, such indie
pendence to be guaranteed by us as
we guarantee the independence OF
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