The Washington herald., 1908-07-10

r ed under the direction of commission o
I experts TO be authorized by law
BANKING.
The panic Of 1907. coming without an,
/ legitimate excuse. when the Republicai
\ party had for "A decade been in complet
D control Of the Federal government. fur
, nishes additional proof that il is eithe
unwilling or incompetent TO protect III
interests Of the general public. II ha.
! so linked the country TO Wall stree
that the sins of the speculators ar,
visited upon the whole people.
While refusing 10 rescue the wealth
producers from spoliauon at the hand,
or the stock gamblers and specuIator.
IN farm products il has deposited Treas
ufy iunds without interest and without
competition, in favOrite banks 1t ha.
used an emergency. for which 1t Is large
~ responsible, 20 force through Congress.
Dill changing the basis of the banI
currency and inviting market manipula-
uon, and has failed 10 give 10 the fifteen
million depositors Of the country protec.
ton in their savings.
We believe that in so far as the need,
OF commerce require an emergency cur.
rency, such currency should be issued
controlled by the Federal government
and loaned on adequate security to ma
uohal and State banks. We pledge our
selves 20 Legislation under which the ma
lohal banks shall be required to estab-
lish a guarantee fund for the prompt pay
ment OF the deposits Of any solvent na-
uonal bank under an equitable system
"hicn snail be available TO all State
banking institutions wishing TO use il.
POSTAL SAVINGS BANK.
We favor postal savings bank If the
guaranteed bank cannot be secured and
that IL be constituted so as to keep the
deposited money in the communities
where it is established.
But We condemn the policy OF the Re
publican party IN providing postal say
lngS banks under a plan Of conduct nv
which they viii aggregate the deposits
OF rural communities and rcdcpOsit tho
/ same while under government charge in
/ the banks OF Wall street, thus depicting
The circulating medium of the producing
regions and unjustly favoring the specu-
I latve markets
Frequent Changes Are Made.
II was not until nearly 3 O'Clock this
afternoon that the platform subcommit-
Tee which had begun It's work on Tues
/ aay' was ready 20 report to the COM
/ mittee on resolutions For several bours
/ the full committee struggled with the
/ problems presented 10 il by the platform
makers In order that IL might report the
platform 10 the convention tonight There
were frequent changes and revisions in the
/ planks previously agreed on before they
were whipped into satisfactory shape
4 disposition was shown by some Of
Bryans friends 10 insist on the adoption
OF planks that covered nearly everything
under the sun. one member OF the sub
committee actually offered a plank de-
claring that nobody should be sent tn faI
unless he had committed an offense.
The principles Of the most important
planks were agreed 10 in the platform
subcommittee yesterday. but when #,
came to passing on these planks after
they had been written out by members
suggestions Of changes were many. and
there was much talk. The plank dealing
with labor. which included tie anti-ip-
junction proposition, came IN for much
discussion before II was adopted. II was
changed 70 suit the wishes Of Samuel
Gompers, who expressed himself finally
as satisfied with IL. To meet the threat
ening attitude Of GOmpers. the platform
committee was obliged 20 make cOnces-
sions which went beyond what Bryan
had intended In his desire to bring about
harmony in the party. Bryan had ad-
vised that the injunction PLANK indorse
certain legislative bill which provides
for notice and hearing and a trial by jury
IN cases Of indirect cOnternpt
Follows Gompers' Advice.
He had advised also that the platform
indorse the proposition that hearings in
injunction cases would be given before a
judge or two judges other than the Judge
who issued the temporary order The
platform subcommittee had struck this
out Of its own initiative on the ground I
that it was unwlse and unnecessary. |
Gompers had proposed that the plank de-
clare against writs Of injunction in labor I
cases. except where there was no adequate .
remedy at law. This was far beyond the .
principle where Bryan was willing to GO /
but the platform subcommittee agreed .
10 il substantially to please Gompers.
The only fly in the anti-injunction oint-
ment was the protest Of H. r. Fuller and /
II. Z. Wills, legislative agents OF the sew
eral organizations Of railway trainmen.
against the Endorsement of the bill TO per
NIT the granting OF temporary restrain
ing orders withOd, notice. They claimed
that Gompers did not represent the true
interests Of workingmen and that he
should not have accepted the notice pro-
vision
When Fuller and Wills found that the
subcommittee would pay no attention 10
them. they telegraphed Bryan asking his
cooperation 10 have the plank declare for
notice in injunction cases But BRYAN
was not sympathetic and The plank re-
mained. After a short discussion in com
mittee on resolutions il was adopted
as part Of the platform.
The injunction plank as finally drafted
contains eulogy of the integrity of the
courts and resents any attempt to have IL
appear that the Democratic party has any
)ther than the most kindly feelings for !
he judiciary. This eulogy was suggested ,
1y Bryan.
Labor Plank Adopted.
The labor plank as adopted. included a
PRACTICAL Endorsement Of the demand Of
he union labor leaders for a declaration
n favor of eXempting labor unions from
Continued on Page o, Column 3.