Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1908-09-09

"ho sAa'S All Wdiueu lelleTS VI iuiS
sort to democratic headquarters, 1
Will not mention any names. But
when the assistant treasurer of the
republican national committee sends
In letter let us say. to the Coopera-
tive Electric Light and Telephone CO,
and informs that corporation that it
is Illegal for him to ask from any
corporation campaign contribution,
but he would like to have the corpor-
alton ask its business associates to
send checks to the republican cam
Paign fund, it is perfectly evident
that funds are being solicited from
the corporations In violation of the
spirit, II not the letter. of the law.
| And, moreover. just as it was un-
wise aifd impolite for the republican
party some years ago to permit Mr..
tCortelyou, who was then chief of
the bureau of corporations, to be-
come the collector of its campaign
fund In the east. so 1t seems to me
/ luAL IL Is luCtulCdl anu CA-
Itremely impolite to allow Mr.. Upham.
who is president of the board Of re-
view OF Cook county. to whom all To-
cal corporations and capitalists must
come for the adjustment of their tax
es. to be the chief collector of cam
paign funds in the west.
| 70 v,nt oncunr IN
comment upon his unblemished rep
utatlon. can only reiterate that l
think he has blundered and have
no doubt that many readers of this
column would be glad If The Trib-
une would explain away the apparent
error in Judgment.
| Sees Spread of Bank Issue.
A distinguished Washingtonian, the
holder Of or. of the most prominent
offices under this administration, and
who for that matter has been an Of
flee holder under two prior admins
trations, called at my office today
to talk about the growing strength
of the democratic position on the
suaranty of bank deposits. Said he:
IN have Just returned from a trip
through Kansas and Nebraska. 1t
Happens that in a certain town in
Kansas have four or five friends
who weresin college with me and VIII
are now either active business men
or men holding public office. One,
for example, is the probate judge of
the county, position of dignity, and
one which in the lesser towns is
always watched with great care be-
cause Of It's bearing upon the settle
ment of estates and the financial in
terests Of citizens.
"I found that there and all through
Kansas the sentiment in favor of Mr..
Bryan's plan for the guaranty of
bank deposits is almost unanimous
A day or two before arrived the
Kansas state convention put into its
platform an endorsement OF his plan,
and there are people who are inter
ested vitally in republican politics
who say that was all that could save
the state ticket. They even hold
that there is probability of the
election of the state ticket ON this
issue and the election of the demo.
cratic national ticket on the same
issue.
Interviews the President.
Nearly six months ago l said in
Washington that in my judgment this
Bryan notion of the guaranty of bank
deposits would develop into the great
est issue of the campaign. In the
course of my work it was necessary
for me to meet the president shortl!
thereafter, and found that my re
marks had been repeated to him
Mr.. Roosevelt took me into corner
and asked why thought so trivia
IN issue would expand.
II told him that believed tha
the whole middle west, and even th'
Pacific coast. whence came, hat
had enough of bank failures that tiet
up the money of depositors to th
point of absolute distress. l sal,
that it was perfectly apparent tha
, banks wanted security for what the
lent. and that the people who len
their money to banks were about t
/ demand security themselves. He sin
!. ply thrust the matter aside, said tina
, / was misled, and it never woul
amount to anything.
Shortly thereafterwards Secretar
= Taft, whose nomination then was az
sured, talked with me on the sam
. subject and pooh-poohed the Who'll
q matter as absolutely trivial. But
!. can tell you that it already ha
i. spread from Oklahoma to Kansas
the Kansas bankers of course becau:
their depositors are sending the
money to the protected banks {
Oklahoma, are crying for its adoptio
r at home. From Kansas it has gon
n into Nebraska.
in my Judgment it will not be loI
D. before you see this matter most a
It IDENTIFY discussed in states neighbo
f ing to these, >such as Colorado, low;
n the two Dakotas, Minnesota and po
l. sibly Wisconsin. | am republican
e hut am telling you these things t
show that after being laughed at fe
k IL prophecy six months ago, al
n r;.ther glad to see it at last comm
L. tue"
t. Idea of Chicago Man.
mi That. of course, is the utterance {
Il man who, while not exactly a pc
iticiai:, has still been in high polit
ID cal Office nearly all of his life.
T.. may be worth while to supplemel
L. it with the opinion of another repu
TO lican, prmoinent business man
H. Chicago, Alexander Revell. l talke