Weekly Arizona journal-miner., 1908-06-24
BURROWS SOUNDS THE
 KEYNOTE 0F CAMPAIGN
Continued from Page Two.)

dollar Issued convertible Into coin t.n- ter thiS system questionable and worth less state bank Issues were driven out of circulation. supplAnted by national currency Of unpu"stionablc character and stability.
 While other countries have added ,o their burden of debt. with an increased rate oi Interest thereon. thlS nation has paid on l.isi millions of its obligations. -ened the volume of our indebtedness by
 1Ji .5N .bN. and In lis refunding opera tons has reduced the annual interest charge from t3o.@ .i65 Co t2l i0i .iss
 During tii. period of its existence. with aggregate deposits Of 3 billion, th. average loss has been only one-haif of per cent.
 fhe national banks have served a bene- ficent purpose in uplifting the credit of the government. in lessening th. burden Of taxation; in securing a sound and safe currency. that floats at par in our own nation In the world. It has developed th" resources of the country. extended It's industries. expanded It's trade. ard aidcd In keeping the pledge of ises, that | the national dsbt should be as sacred as | the soldiers graves
 That is has its weakness is freely ad- mltted. The defects of the system have been recognized from the beginning by practically every Secretary of the Treas ury. and while remedial changes have been made as these defects have develop
 
 | of elasticity. has continued and remains. The recent panic called the attention of Congress to th. necessity Of further legislation. and a measure has been pass ,d providing for an emergency currency of EsS.0D.eo to he lSsusd under certain | conditions and lln.tations. an authori- zation. it iS believed. which will proven, b,fcll the country last fall. The secre- tary of the Treasury has alre ady taken | ih. necessary steps to give effect to
 are already forming to avail themselves | of the benefits of thls act. It is doubt | ful if the provisions of this act will ever
 be Invoked. as the ability to supply NJo.- 0O.1o additional currency whenever
 needed will of Itself have tendency td
 make issuance unnecessary.
 | In the meantime however. the Repub- | lican Party iz not indifferent to th" nee
 essity of further and comprehensive
 revision of our monetary and bankins l lust closed authorized the creation of q | monetary commission, composed or b
 members of the two Houses of Congress | clothed with power to Inquire Into md report to Congress at th. earliest dat' | acticable what changes are n.cessar, | ar desirable in the monetary system o'
 the United States ot In the laws relat'
 ing to banking and currency, and fol ' this purpose they are authorized to st 1 during the sessions or recess of Con
 gross. at such times and places as the, | | and papers. "a administer oaths, to sum | mons and compel the attendance of wit | ne~Ses. experts. and other assistants a' | shall he necessary io carry out the pur' | pose for which said commission wa | created. and to make such invcstigation' | and examinations. In this or othsi | counties. of the subjects committed C | their charge as they shall deem neces' | sary.
 This commission has already organir | sd and entered upon It's labors and WI .aaa .laatl h
 hope of formulating monetary. system | that wIll meet every legitimate business need and promote the prosperity Of al | of our people.
 drama, where the nations are actors
 our country has taken a conspicuous ant
 commanding part. Having become | world power, our influence is world wid'
 and always exerted in the interest o peace and the betterment of mankind When the dispute between Germany nns
 France regarding the right of control II
 Morocco threatened to involve ail Eu rope in war. the active influence Of m,
 United States. both directly and throug' its representative at the Conference h | Algsciras, was potent factor in bring ing about a peaceRble solution.
 | The participation Of the United State in the Pan-American Conference at Ri'
 de Janeiro In August, 1895. and the vlsl and to all the principal maritime coun tries of south America, where he wa received with universal acclaim, put al end to the suspicion and distrust witi
 which the growing power of the Unite, States was regarded by the Latin Ameri can races, and began a new era Of friend chip and sympathy between all th | American Republics This has been aug mented by the Socfetary's visit to Mrx leo as the guest of the Mexican Republi' in October. iS07 and by the visit of ou fleet to the chief maritime Republics o South America and by the enlarged an'
 greater development of the work of m | International Union Of American Rcpub lies for the dissemination Of knowl"dg | and the cultivation of trade and friendll T relations between the different AmeriCni countries. for which all the Republic are now uniting in tb- erection of splendid building ln the city of Washing ton dedicated Co the peace and prosp"rt, of all the Americas
 The United states and Mex hay co-operated In bringing about bette conditions. which win put an end to al discord and restore peace and prosperitl i'm Central America. Al the instance O the United States and Merico Pear' Conference of representatives Of all th'
 hve Central American countries vas hei'