Omaha daily bee., 1908-09-10
ILLINOIS REPUBLICANS MEET
Speaker Cannon Made Chairman of
Convention.
SHAW TALKS UPON BANKING
Government Cannot Take Hand in
GuarnnteeinE Deposits without
Assuming Greatest Risks
Primary Settles Fights.

SPRINGFIELD, ILL.,, Sept. s.-The repub-
leans of Illinois met here today in state
convention and nominated four trustees for
the University of Illinois, selected presi-
Dental electors and adopted a platform.
Roy @. West, chairman OF the state central
committee. called the conventions 10 order
at 10 o'clock in the state senate and intro
duced Joseph G. Cannon, speaker OF the
house Of representatives. as chairman of the
convention. Former Congressman Frank
Dickson of Ramsey was chosen secretary.
The convention was not as largely at
ended as in former years. because there
were no contests OF any consequence, for
the primary election held August s de-
termined the candidates for state offices.
The convention was more of a harmony
meeting, and efforts we're made to har-
monize all factions and smooth over all
feeling that was engendered during the re-
cent primary election.
Speaker Cannon in his speech to the con-
%vention urged that all differences be forgot
ten and that there be unity and harmony
all along the line and that everybody work
for the success of the state and national
ticket.
Former Secretary Of the Treasury Leslie
M. Shaw also made an address. His speech
uedit mostly with national issues.
shaw on Bank Issue.
Mr.. Shaw touched on the financial crisis
of last year and said:
Since the panic the question Of remedial
legislation has been all-absorbing. Mr..
Bryan again seems to have studied senti-
ment and popular prejudice, instead OF con-
ditions, and has rushed in, as is his CUSTOM,
where statesmen fear to tread. He prom
ised in his platform the creation Of a fund
for the relief Of depositors in failed and
| n tlln0 in GftNnNtnnn Nathan 1 and GNnAn
A fund for the relief of depositors to be
Of any value must be available when the
such a fund would find it advisable to re-
spond in some measure before a bank ac-
tually closed its doors or it would be COM
pelled to respond-in full measure immedi-
companies of New York alone lost in de-
posits 1920. 10000 in forty days, yet no de-
stockholder will realize, less than par for
his stock. 1t would have required S2O0, coo, 00O
to have safeguarded the banks Of New
York City alone, and at least $500, 100000 for
the entire country during the panic OF last
year. For with a fund created by assess
ment and under government control, dlrec,
tors would not sacrifice their individual
fortunes as they did last winter to save
their institutions. They would throw the
responsibility OF suspension and /. wide
spread disaster upon the government. Let
the government assume such a responsi-
bllity and the government will be called
upon to make good. 1t might as well be
understood that the government VIII have
to keep out of the banking business or face
the consequences of banking.
Senator Hopkins, Governor Deneen and
the republican congressman present also
made short addresses.
When Chairman West introduced Speaker
Cannon as chairman of the convention the
the delegates arose and cheered vigorously,
Cannon Makes Address.
After the convention was organized by
the appointment of the various commit
tees, Speaker Cannon began his address,
He eulogized the administration Of Presi-
dent Roosevelt and declared the record OF
the republican party was an open book,
and upon that record the campaign would
be fought. He defended the rules OF the
house of representatives and declared the
minority members during the last session
of congress for two months obstructed In
every possible way the transaction of bush
ness. Referring to union labor, Mr.. Cannon
said he believed the laboring men should
organize, but thought 1t wrong for a few
leaders to attempt to control the labor
vote. Mr.. Cannon declared with great
emphasis that II he were reelected to con.
gress he would never vote for any bill
that provided a law for one class a:
against another. The speaker aroused tho
enthusiasm of the convention when he said
T. republic of ours is not worth three
hurrahs In the place that burns with fire
and birthstone II it has within its borders
privileged classes. Rich or poor, wise OIL
unwise, the law of civilization should
spread over all alike"