The Washington herald., 1908-07-29
TAFT PLEDGES HIS PARTY
TO ROOSEVELTS POLICIES

obeys Il. the plaintiff who has pursued
his remedies II lawful course for years
must. 70 secure his rights. undergo the
uncertainties and the delays OF a jury
trial before he can enjoy that which IS
his right by the decision OF the highest
court OF the land say without hestta-
ton that such a change viii greatly in
pair the Indispensable power and author
ity Of the courts. In securing 20 the pub
lie the benefits OF the new statutes enact
&c in the present administration the u
innate instrumentality 10 be resorted 10
IS the courts OF the United states II
now their authority is 10 be weakened in
e manner never known n the history OF
the Jurisprudence OF England OF America,
except in the constitution OF Oklahoma
how can we expect that such statutes
VIII have efficient enfcrcement2 Those
who advocate this intervention OF jury
IN such cases seem TO suppose that this
change in some way viii inure only 10 the
benefit Of the poor WOrEingman- As q
matter OF fact. the person who viii secure
CHIEF advantage from It is the wealthy
and INSCRIPTIONS defendant, able 20 en-
ploy asUuJe and cunning counsel and anx-
tous 70 avoid justice.
I have been willing. IN order 20 avoid
a popular but UnfOunded Impression that
q Judge, in punishing for contempt OF his
own order, may be affected by personal
feeling 70 approve a law which should
enable the conremnor upon his applica-
ton 10 have another judge sit 10 hear
tbs charge OF contempt. but this. with
80 many judges Gs there are available in
the Federal court. would not constitute
q delay IN the enforcement OF the process
The character and efficiency Of the trial
would be the same. Il is the nature and
the delay OF a jury trial IN such cases
that those who would wish 70 defy the
order OF the court would rely upon as q
reason for Going So
maintenance Of Full Power Of Courts
Necessary
The administration OF justice lies al
the foundation Of government The main
tenance Of the authority Of the courts IS
essential unless We are prepared 70 en-
brace anarchy. Never in the history OF
the country has there been such an in
sidious attack upon the judicial system
as the proposal 10 interject . jury trial
between all orders Of the court made
after full hearing and the enforcement
OF such orders
The Currency System
The late panic disclosed a lack OF elas-
ticity IN our financial system This has
been Professionally met by an act OF the
present Congress permitting the issue Of
suring their withdrawal when the emer-
gency has passed by q high rate OF taxa
ton Il IS drawn IN conformity with the
present system OF bank note currency.
but varies from Il il certain respects by
authorizing the use Of commercial pCper
and bonds Of good credit as vel as
United States bonds. as security for its
redemption Il is expressly but q tenn
pOrary measure and contains a provision
for the appointment Of q currency COM
mission TO devise and recommend a new
and reformed system Of currency This
iuadeIuacE OF cur present currency SyS-
TEN due TO changed conditions and enor-
nous expansion. IS generally recognized
The Republican platform Wei states that
We must have a more elastic and adapt
able system 10 meet the requirements OF
agriCultlriscs. naDufactUrers- merchants.
and business men generally. must
Be automatic in operation. recognizing
the fluctuations in interest rates., IN
which every dollar shall be Is good as
gold. and which shah prevent rather
than aid financial stringency IN bringing
On panic
Postal Savings Banl. and It's Advantages.
In addition 70 this. The Republican plat
form recommends the adoption OF a pos
tai savings bank system in which. Of
course. the government would become re-
ELSJA-s-st-- 70 tie hFIS4LlEE ADE LL-t Aa-
ment OF principal and interest Il Is
thought that The government guaranty
viii bring out Of boarding places much
money which may be turned into wealth
producing capital, and that il viii be a
great incentive for thrift II the many
small places n the country having now
no savings bank facilities which are
reached by the Post-0fice Department
Il VIII bring 10 every one. however re-
perfect safety for deposits. with interest
return. The bill now pending in Con
gTess, which OF course the Republican
convention had in mind, provides for the
investment OF The money deposited in
national banks in the very places in which
Il IS gathered. or as near thereto as may
be practicable This is al answer 10 the
criticism contained in the Democratic
platform that under the system the
money gathered in the country VIII be
deposited IN Wall street banks. The sys-
TEN Of postal savings banks has been
tried in 50 many countries successfully
that It cannot be regarded longer as a
new and Unrried experiment
Objections to Proposal 10 Enforce In
surance OF Bank Deposits.
The Democratic platform recommends
2 tax upon national banks and upon such
State banks as may come n. in the IA
rture OF eTtOrced insurance to raise q
guaranty fund 20 pay the deposit0rs OF
any bank which fails. How state banks
can be included in such a scheme under
the Constitution Is left in the twilight
zone OF State rights and Federalism SO
frequently dimming the meaning and pur-
pose OF the promises Of the platform II
they come in under such a system. they
must necessarily be brought within the
closest national control, and 50 they musi
really cease TO be State banks and be
come national banFs.
The proposition is 10 tax the homes,
and prudent banker 70 make up for the
dishonesty and i-uprudence OF others Nc
one can fCresee the burden which undel
this system would be imposed upon the
sound and conservative bankers Of the
country by tins obligation 10 make good
the losses caused by the reckless specu-
1ative, and dishonest men who would be
enabled to secure deposits under such G
system on the faith Of the proposed in
surance. as in its present shape the pro
rosal would remove all safeguards against
reCklessuess in banking. and the chief
and in the end probably the only. beneE;
would accrue 10 the speculator, who
would be delighted to enter the banking
business when j. was certain that hs
could enjoy any profit that would accrue
while the risk would have 10 be assumed
by his honest and h3rd-working fellow
IN short the proposal Is wholly inprac-
ticable unless Il is 10 be accompanied by
@ complete revolution IN our banking sys-
ten, with q supervision so close as. prac-
70 aHn