The Washington herald., 1908-01-09

1 iodu ana the stochilOiueIS, insist Ahat the
/ railroad business should be put upon an
honest basis so that there will be no great
! fluctuations in the value of the stock and
bonds The fortunes that have been made
| by railroad managers have not come
/ from salaries. for even enormous salaries
/ do not make millionaires in so short a
time.
Position of AristOerat.
THE questions which involve a discus
sion of the relative shippers OF the ma
tioD and the State, bring out this differ
ence in the point OF view. The aristocrat
wants to get the government as far away
from the people as possible: the Demo
crat desires TO bring the government as
near the people as possible.
"The aristocrat would substitute na-
tional remedies for State ones because
predatory wealth can protect itself from
national legislation more easily than from
State legislation. The Democrat would
add the national remedy to the State
remedy. and thus give 10 the people the
protection of both the State and Federal
government.
The labor question is considered from
both standpoints. the aristocrat thinks
only Of the large employers; the Demo
crat Of the army Of employees and Of the
general public, which is ineonvenienced
by any disruption OF friendly relations be
tween employer and emplOye.
And the question Of imperialism in
like manner presents this difference In
viewpoint; the imperialist thinks more
Of the extension OF commerce than he
does OF the preservation of the ideas OF
government. the Democrat knows
that trade purchased at the cannon's
mouth costs more than il is worth, and
the cost falls upon all the people, while
the profits accrue TO but a few. and the
masses have to furnish the sons as well
the money to support a carpet-bag gov
ernment
And so whatever we take up We find
that everything depends upon the point
Of view from which we examine the ques-
ton, and there is no better illustration of
this than is 10 be found in the money
stringency through which We are passing.
The Republican leaders at once rush TO
the rescue Of the banks after those banks
had brought the stringency upon the
country by their unbusiness-like methods
New York Banks Favored.
"The banks Of the rest of the country
are Disseminated against in favor OF the
banks Of New York City. and after the
government had exhausted the loanable
surplus in the Treasury il borrowed
money at 3 per cent In order that it
might have money 70 loan 70 the banks
for nothing, and the high fnanciers count
it patriotism to loan out at emergency
rates the Treasury money furnished them
without interest.
IF the Republican leaders had spent
half as much time In trying to make
depositOTs secure as they have spent in
trying to increase the profits OF the
banker, we would not have had any
panic 1t all As soon as business came
to "a standstill. the Eastern banking
interests demanded an asset currency.
which would simply turn the country
over more completely TO the financial
interests
IF the Republican leaders had looked
at the question from the standpoint Of
the people at large they would have
notified the financiers that such elias
ITCHY as was needed should be con
trolled by government officials respon-
sible to the public. and not by fnan-
cie's who have no interest 10 serve
but their own
''The country is ripe for the appIica-
tiOn of Democratic principles 10 gov
ernment. and all that is necessary is
for the Democratic party To convince
the public that it viii be truly dem
ocratiC II intrusted with power"