Mexico Missouri message. (Mexico, Audrain County, Mo.) 1899-1918, 1908-09-24


most important function Of the mod
\ crn bank is TO keep the money Of the
country circulating through the chan
nels OF trade. This can only be done
when the depositor has confidence IN
/ the soundness OF his bank.
Panic Is the speeter that haunts the
waking hours OF every business man.
and panic is most frequently preeipi-
tated by the small depositor losing
confidence in the security Of his place
OF deposit. Once imbued with that
idea, he rushes to withdraw his
money, and we are brought face 20
face with all the evils of suddenly
restricted currency. To remedy this,
the republican party offers the Elmer
gency Currency Bill OF the last Con-
gress, which permits national banks
TO issue currency based only on their
assets, and gives 10 the government
a first lien on those assets TO redeem
the currency.
Under this plan every issue Of ad-
ditional currency by a bank exhausts
its assets, and tends rather to excite
than allay the fear of the depositor,
so the effort OF the bank to meet a
pressing need only increases the de-
mand upon its strained resources.
The Postal Savings Bank will give
security 20 deposits, but il purchases
this relief at the expense OF putting
the government into the banking bust
ness and the individual out; and the
funds gathered by the government in
these Postal Banks will, II present
republican policies are continued, be
concentrated in central places of de-
posit, and in the end go to swell the
volume OF Wall Street speculation.
DEMOCRATS oPPER A REMEDY
REPUBLICANS SILENT.
To meet this situation, we propose
a state and national guaranty law, un-
der such regulations and restrictions
as will insure a conservative banking
policy and security OF deposits. This
of necessity means improved inspec-
ton, and will result in each banker
becoming a watch over the other
The tax upon the bank will be small,
and will be paid many times over in
the additional security to the public
Business relieved of the fear of panic
will move forward to assured and
continuous prosperity.
On this important policy the re-
publicans of Missouri are ominously
silent. They fear to adopt a plan
that has not yet met with the ap-
proval of the great national bankers,
and they fear to oppose plan offer
ing so much relief to the average eiti-
zen. So they pass in silence what
they dare neither to oppose nor APP
prove.
Interesting and important as are
these questions in regard to State af-
fairs, yet after all il is the policies of
the nation that bring prosperity or
adversely to the people Of the State.
II the national government pursues
false policies, citizens of every state
must suffer for it.
REPUBLICAN, neutrality-suspicious.
ON NATIONAL PLATFORM.
National issues are a part of this
campaign, and we shall not allow Mr..
Hadley to avoid them. He was a
member OF the Convention that
nominated the candidates and made
the platform; he cannot shirk respon-
sibility for either. II he endorses
them, he is not entitled TO the vote
, of laboring man in the State. II he
! refuses to endorse them, he will lose
the support of his party. He must
! take one horn or the other of this
dilemma, and either will be fatal to
his hopes.
Nothing in my judgment would
I more surely promote the general
prosperity of Missouri than the build
: ing up within her limits of a great
manufacturing industry. Every nat.
: ural resource invites the building here
, of factories. Our wealth of raw
, material, our wonderful mineral re.
: sources, our central location for pur.
! poses of distribution, our salubriou!
climate, our vast beds OF coal, thG
swift streams of our southern coun'
ties waiting TO be harnessed, the va,
riety and plentitude Of our agriculture
/ products, cheap food, all are invita-
: tons TO the manufacturer TO make Thu
, his home. Why does he not accept
: Why are so many articles, necessitie.
: of our daily life, which could be manu-
featured out of our raw material, i'm
ported from other states and we com
" PEELED to pay the cost, both of tn,
transportation of the raw material 4
. the factory, and the finished produc
: TO our honest The answer is tn
4 manufacturer already has his none,
: invested in plants in eastern states
!, and so long as under protective
: tariff he can crush out competition b.
: combination, he can compel the Gus
toner to pay these additional cost
Of transportation without reduction O
. his profit. Already protected fror
= foreign competition by 1900 miles Q
= land and 5000 miles of water, Mis-
= sour has everything to gain and moth
ing to lose by reduction of dutiei
Every dollar that we pay beyon
D. what is necessary for governmeu
revenues Is not only an unjust burde
Ie upon our citizens, but a premium I
IS the eastern manufacturer to prever
s the upbuilding Of Missouri industries
- Low TAXES. LARax COMMERCE
h WANTED.
lie Taxation and commerce are the tw
Ie great problems Of government, an