Daily press. [volume] (Newport News, Va.) 1896-current, 1908-05-20
scoafs the FINANCIAL SYSTEM
Declares That Policy Of the President
Means a Surer Destruction Of the
Union Than That Which was Pur
sued in the Early Sixties, and Then
Wakes Sarcastic.
(By Associated Prese)


Robert l.. Taylor. OF Tennessee, de-
hvered his maiden speech In inc
Senate today, his subject being the
tariff and currency legislation. which
he made entertaining by many stir
ring and humorous references to the
policies OF the Republican party. Mr..
Taylor drew a parallel between the
solar system regulated by centrip-
etal and centrifugal forces and the
government. the Federal power be-
ing the centripetal and the States
power the centrifugal forces. He
declared that as the Confederacy
was an emphasis of the forces seek
ing disintegration, the Federal power.
representing the other extreme Is now
endangering the rights of the States
Discussing the President. he SAID:
1.-THE system is as surely out OF bal
ance today as it was in 1861. And
what Is the difference to us whether
we leave our orbit and 60 cavorting
among the stars to freeze to death
on the outskirts OF creation. or whe-
ther We are drawn the other way
to be converted into fuel"
What Is the difference whether
We 20 the secession route or the
Capitalization route. They bofh
mean destruction Of the Union.
do not pretend to be a great legis-
lational lawyer. but If that instru-
ment means anything. 1t is that all
power not expressly conferred upon
the Federal government is reserved
to the States.
In these imperial days when con-
centrated wealth is intrenched under
the dome Of the capitol and central
ICED power Is enthroned in the
White House what can be expected
but the gradual encroachment Of the
Federal government upon the reserv-
ed rights OF the States? How can
the equilibrium be preserved under
the reign OF big stick and bag
Of gold? Are not concentrated
wealth. and centralized power die
Eating the policies Of the party IN
power and controlling the legislation
Of Congress?
Il would not reflect upon the chief
executive Of the nation. On the con-
trary would praise him for the
noble things he has done during has
incumbency. chief Of which was turn
ing on the light and revealing the
enormi,y Of the crimes his party has
committed.
But our peerless President reach
ed the limit when he seized all the
best reform planks Of all the Demo-
ocratic platforms Of the past and
planted himself squarly upon them
Was there ever a grander spectacle Of
coup d'etat than this In the history
Of American politics! The question
for you on the other side Of this
CHAMBER to settle is: Are you going
to put his reform policies In youI
platform at Chicago! n you are. why
don't YOU endorse Bryan and be done
with IL! II you are not, you vii! re-
pudiate your President.
ne demanded the reform OF the
tariff system in the beginning Of hts
administration. but OF late: he has
couteu6ed .himseIf With s:orning the
ct,aiels Of wealth created by the tar
IN. He has not lad the axe at the
root OF The tree. bat has only thuR-
6ered nj the rich. ripe fruit that
hasss upon the boushs Of the tree.
The railroads" he said. are only
ssrines In the harp Of thousand
strings upon which our modern
Orpheus Is playing the ;riumphai
march OF federalism =.
We hear" he continued. q note
from the metallic string Of the steel
trus; and q hong swee; strain from
the sussr trust. and q beIlouing note
from the beef trust. and the ding
dong Of the copper trust. and the
ping pong " the leather trust. and
the sing song of ibcusand Other
trusts. oil Of which are the legitimate
results Of an abnormal tsriH sys'
Ton. They are compelling the small
Industries Of the country 70 sell ont
20 them or he crushed In the coils