The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1908-09-17

The depOSitOrS know that the leu
eral government requires security when
1t deposits in national banks; he knows
the state, the county and the city de-
mand security when they deposit In
banks; he knows that the fraternal or
ders demand security and he is begin
ming to ask why he alone is left unpro-
tected in case of a bank failure, ana
the question will be asked with more
and more emphasis until he is an
swered with security. How long must
We have our countryS money sent 10
Europe to seek safety in the govern
ment banks of the old world before our
bankers yield to. the demand OF the
people? How long must we have the
money order department OF the gov
eminent used as a saving bank pc
fore the bankers Will learn that the
depositors need more security, How
long must we suffer from the hiding
and boarding of money before the
bankers will learn that the best emer-
gency currency is the currency tnat
would be drawn from hiding by the
guaranty of deposits? Will the banks
resist until the people are driven in
desperation to the government saving
banks2 Do the bankers prefer to FISK
the encroachment of the government
upon the banking business rather than
give security to the depositors? Let the
Republicans no longer accuse us of So
cialistic tendencies if they prefer the
postal savings bank with its indefinite
encroachments upon the banking bust
ness to our system which leaves the
banking business to the bankers and
compels the banks to protect their de-
posts
The Third Scare.
1.-THE third scare presented by Mr.:
Taft is in the discussion of the trust
question. He says Mr.. Roosevelt
would compel the trusts to conduct
their business in a lawful manner ana
e, 90 Iai
the maintenance of the prosperity OF
the country of which they are an inn
portant part: while Mr.. Bryan would
extirpate and destroy the entire BUSH
ness in order to stamp out the evils
which they have practiced.
''In using this emphatic language
Mr.. Taft has rendered us a service
because he admits the Republican
party does not intend to prevent
trusts. 1t only proposes TO regulate
them and If we can judge the future
by the past that regulation will not
be effective. If Mr. Roosevelt, with
all his strenuosity. has not succeeded
in imprisoning a single trust magnate,
how can the complacent Mr.. Tart
hope to accomplish anything in the
way of regulation?
The Democratic plan is to bring
manufacturing and trading corpora
lions under the surveillance of the gen.
eral government when they reach a
point where their control of business
becomes a menace. The limit is fixed
arbitrarily at 25 per cent and it is
needless to say that this limit is so
high that an insignificant fraction OF
the corporation would be brought I'M
der the operation of the law, but those
brought under the operation of the law
would be the very ones which have
been exploiting the country and evad-
ing the officers of the law. This plan.
instead of disturbing business. would
protect multitude of legitimate cor
porations which are now in constant
fear of being bankrupted by the I'M
scrupulous methods of the monopolstic
corporations.
Scare No. 4.
"The fourth scare which Mr.. Taft
presents is excited by the Democratic
declarations on the tariff question.
Speaking of our platform pretending
to make such radical reductions as
may be necessary to restore the tariff
to a revenue basis, he declares in his
notification speech that introduction
in power OF a party with this aVowed
purpose can not but halt the gradual
recovery from our recent financial de-
preston and produce business disas-
ter. compared with which our recent
panic and depression will seem very
small indeed
tariff if he really believes that grad
ual return to a revenue basis would
involve US in any business disaster,
compared with which our recent pan
ic and depression will seem small in
deed
Mr.. Taft began his candidacy a year
ago as a champion of tariff reform, but
each month has witnessed a lessening
of his zeal until now his temperature,
measured by the tariff reform Their
mometer. is close to zero. His plat
form begins with what at first glance
might seem a pledge that something
would be done. 1t says: The Repub-
Iican party declares unequivocally for
a revision of the tariff by a special
session of congress Immediately follow
ing the Inauguration of the next presi-
dent
THE word reduction does not ap-
pear in the platform. 1t is revision
not reduction and Mr.. Taft has al
ready interpreted the word revision
to mean the raising of some of the
schedules and the lowering of others,
but with no indication as to whether
the average will be above or below the
present.
mot only does the platform avoid
any promises of reduction but it pro-
poses for the guidance of the legisla-
tors the same rule upon which the
present tariff was framed except that
the new rule announces the guaranty
of reasonable profit to American in
dustries The government does not
presume to guarantee profit to farm
ers. to laborers, to merchants, to pro-
fessional men. Only to the manufact-
urers is profit to be guaranteed and
as the beneffciaries of protection are
allowed to determine what is a 'reas-
| enable profit we may expect the tar
| iff rates to be increased rather than to
| be Lowered in case of Republican sue
| cess.
No Cause for Alarm.
what is there in the Democratic
platform that can be construed as a
threat to any legitimate business? VIII
| it produce a panic to put on the free
list articles that come in competition