Weekly Arizona journal-miner. [volume] (Prescott, Ariz.) 1903-1908, 1908-09-09

I
/ those insured in other companies /,
become insolvent' This would lar,
deprive the former of the Just bos
Of its own conservatism and ..
earned reputation and make easy
efforts Of the INSCRIPTIONS.
The business of banking and IN,
ance must be transacted under -,
supervision; but those .psttnu'
within the law should not sumer ei,,
from laxity of governmental supe,
sion with regard to others or Z.
imprudcnccs and frauds with viii
they have no concern.
Mr.. Bryan tries in vain TO NEE,
criticisms that the plan proposed wa,
encourage reckless and dishonest u
who would seek deposits on the n
of snch an assurance. 1t must No,
| forgotten that they do not cona|
their enterprises with the expected
of failure nor do they contemplate
to the depositors; but deposits are
sincws of banking enterprise and
the extent that such "A guaranty va
facilitate them in obtaining depoJ
the opportunity for the play of lne1
mate purposes and the temptation
indulge such purposes, would obviol
be increased. Mr.. Bryan asks 4" vol
il not be worth something 10 be
stakeholder in peace of mind TO k
that the maximum of his loss would
the value Of his stock and the loo
cent liability, and that no depo,
could lose anythingf" II may be !
posed that there would be an adj
"pcacc of mind' on the part Of nj
aging officials. And this diminution|
anxiety and of the sense Of moral
sponsibilities with regard TO depoX
could not fail to have its effect ID
the prudent conduct Of the busn
and place n scverer strain upon gov,
mental supervision. The conditions
der such a plan would inevitably
to increase banking losses, howe
they might be made up. 1t NAV
added that the guaranty fund Il
were established on n scale suilice,
large ton insure the required pn
ton. would furnish difficulties
with regard 20 its investment and
availability in emergencies.
This proposed plan does not
the demand for an elastic cura
system through which the monet
wants of the country may be supp
To supply such a system II an ur1
necessity and its provision would
viate many of the dangers which
hitherto existed; but 10 make ba
pay for losses they have not cause
to depart from proper principles
To encourage improper practices.
Interests Of Labor.
The Republican party has been
citous Of the rights of labor. Mr.
is clearly right wnen he says
"not since the beginning Of the
eminent has any other national adj
istration done so much for the caus
labor by the enactment Of remedial
islation as has Theodore Roosevelt,
the Republican Congresses elected
sit during his term Of Office And
support Of this assertion, he ins,al
the re-enacted Employers Lab
act, the Safety Appliance acts,
Government Employees CompensI
act; provision for the investigates
nine disasters and Legislation with
spect to child labor In the Distue
Columbia. lie has exposed the q
genuousness of the plank in the Ds
cratic platform that "lnjunct
should not be issued in any ease,
which injunctions would not issud
no industrial disputes were involve
IA Janus.faced proposal, meal
what you like. The Republican
has taken "A reasonable attitude
the injunction question. But more
portant TO labor than any ben'
which may reside in improved pra
ure in injunction cases is tde N
tunity to work. II profits lstle
workingman to be told that he vii
given the right TO trial by jury in
he is guilty Of contempt Of court
those who promise it propose 70 q
upon a fatuous course OF arbitrary
reference with trade. The prosP
of the workingman Fundamentally
Ponds upon wise, conserving and
building policies; and demands that
forts to reform industrial evils 81
he carefully conceived and proSe'
without endangering the stability
legitimate business enterprise.
And il is to the Republican
under its wise and experienced lea
ship that we must look in the pre-
cxigcncy for proper guidance TO
ends. IL is not time for nostnn
for the rule of party which prop
them.
Progress Must Be Sure.
But while we freely criticize Op
ing programs and candidates, We
freely recognize that no party 1
monopoly of patriotic motive or Of
cere endeavor to contribute 10
welfare Of the nation Divided
different groups, espousing dine
principles and advocating conaif
methods, our citizens are imhued
the same love of country aud are
spired by the same devotion 10 10
terests. We criticize each other :
out bitterness, realizing that ID
contests of public discussion We
the surest protection Of our ins
tions, and that we may confdd
rely upon the final judgment Of n
telligent and conscious electoraie
have an abiding confidence in the
gress OF the people. Resistlessy
move forward to the attainmen'
their goal. Every privilege main
cd at the expense of the commOr