Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1908-07-28

'NN 'NSouiiis enu new and
reformed system. of currency. This I'm
adequacy OF ourrprcsolt currency svs.
tenn. due TO changed conditions ana
enormous expansion. Is generally roc
,gnlzed. The neutrality-suspicious. wen
states that we must ihave,a more elias.
tic and adaptable system to meet the
requirements OF agriculturists. manu-.
facturcrs. merchants and business men
generally, must he automatic In opera.
ton. recognizing the fluctuations in I'm,
tercst rates." I'm which every dollar
shall be as good as gold. and which
shall prevent rather than aid financial
stringcncy I'm bringing on n panic.
Postal Savings Bank and It's Advan.
tases.
| In addition TO this. the Republican
platform recommends the adoption OF
postal savings bank system In which.
or course. the Government would be-
come responsible TO the depositors for
the payment OF principal and interest.
II is thought that the Government
guaranty will bring out OF boarding
/ places much money which may be
turned into wealth producing capital.
ana that IL will bc great Incentive for
thrift I'm the many small places In the
country having now no SAVINGS bank
facilities which are reached hy the Post
Office Department IL will bring TO
every one. however remote from finan.
cial ccnters. place OF perfect safety
for deposits. with interest return.
Objections to Democratic Proposal to
Enforce Insurance Of Bank Deposits.
The Democratic platform recon.
mends tax upon National banks and
upon such State banks ms may come
In. In the nature of enforced insurance
10 raise guaranty fund 10 pay the de-
positors "a any bank which fails. How
State banks can bc included In such n
scheme under the constitution is left
In tho twilight zone of States rights
and Federalism so frequently dmmiug
the meaning and purpose of the prom.
ises or the platform. If they come I'm
under such system. they must ncces.
sarily be brought within the closest
National control. and so they must
really cease 10 bc State banks and be-
come National banks.
| The proposition is TO tax the honest
and prudent banker 10 make M for tho
] dishonesty and imprudcnCc of othprs
If the proposal were adopted exactly
as the Democratic platform suggests.
IL would bring the whole banking sys.
TEN of the country down in ruin.
Tho Republican party prefers the
postal savings bank us one tried. snfc
ana known to be effective. ana ns
reaching many more people now with
out banking facilities than the new
system proposed.
Philippines.
In the Philippines the experiment of
national assembly has justified n.
self. both as an assistance I'm the pov.
eminent of the islands and ma nm cdu.
cation In the practice OF sclf-govcru
ment to the people OF the islands
The proposition OF the Democratic
platform Is to turn over the islands
as soon rs stable government Is cs.
tablishcd. This has been established
The proposal then is In effect To turn
them over at once. Such action will
lead To ultimate chaos In the islands.
The Rights and Progress of the NEGRO.
The Republican platform refers to
these amendments TO the Constitution
that were passed by the Republican
party for the protection of the negro
! The negro. In the forty years since he
was freed from slavery, has made re.
| markhblo progress. He Is becoming
more and more valuable member of TN"
communities In which ne lives. The
education OF the negro is being OK
pandcd and Improved I'm every way.
| The best men OF both races. MT the
North as well MS at the South. ought t.
! rejoice TO see growing up among the
Southern people an influential element
| disposed 10 encourage the negro I'm his
| hard struggle for Industrial indepcnd-
cnce and assured political status. Tho
Republican platform. adopted Mt Chi
cago. explicitly demands iistice for all
| men without regard TO race or color.
md just ms explicitly declares for the
enforcement. and without reservation.
In letter and spirit OF the Thirteenth.
Fourteenth and Fifteenth Amendments
to the Constitution
Publicity OF Campaign Contribution
and Expenditures.
Another plank Of the Democratic
platform refers TO the failure Of the
Republican Convention 10 express M
opinion I'm favor Of the publicity of
contributions received and cxpcndi-
lures made I'm elections Here again
we contrast our opponents promises
with our own acts. 4 resident Of New
York has been selected as treasurer OF
the Republican National Committee.
who was treasurer Of the Republican
State Committee when Governor
Hughes was elected I'm New York. nnd
who made u complete statement with
In twenty days after the election. az
required by the New YOrl; law. Of the
contributions received by him ana the
expenditures made. 10y him or under
his authority Ia connection with that
election. His residence and the dis
charge Of his duties I'm tho state or
New York subject him 10 the law OF
that state as TO all receipts Of the
treasury OF the National Committee
from whatc"cr source ana az TO all is
disbursements. His returns will bc
under the obligations and penalties OF
tho law. an n mlsstatcmcnt by him or
the filing Of false account Will sub
ject him 20 prosecution for perjury
and violation Of tho statute OF course