Omaha daily bee., 1908-07-29

dispensable power and authority OF the
courts. In securing to the public the benz
fits OF the new statates enacted in the
present administration, the ultimate instru-
mentality to be rescrted to IL the courts
OF the United States. II now their au-
thority is to be weakened In a manner
never known IN the history Of the juris-
prudence Of England or America. except
in the constitution Of oklahoma, how can
we expect that such statutes will have
efficient enforcement Those who sd-
Nocate this Intervention Of n jury In such
cases seem to suppose that this change In
some way will inure only to the benefit
OF the poor working man. As a matter OF
fact, the person who will secure chier
advantage from Il Is the wealthy and un-
scrupulous defendant, able to employ
avoid justice.
l have been willing. in order to avoid
a popular but u%ufounded impression that a
Judge, in Furnishing for contempt Of his
own order, may be affected by personal
Keeling, to approve a law which should
enable the Contemnor upon his application
70 have another judge. sit to hear the
many judges as there are available In the
federal court, would not constitute a de-
lay in the enforcement of the process.
The character and efficiency OF the trial
would be the same. II is the nature and
the delay of a jury trial in such cases
thst those, who would wish. to defy the
order OF the court would rely upon as H
reason Tor doing so.
The administration of Justice lies at the
foundation OF government. The main
%tenance of the authority Of the courts Is
essential unless we are prepared to en-
brace anarchy. Never in the history Of
the country has there been such an in
sidious attack upon the judicial system
as the proposal to interject a jury trial
between all orders Of the court made
AFTER full hearing and the enforcement Of
Currency system.
The late panic disclosed a lack OF elasti
city in our financial system This has
been Professionally met by an act of the
present congress permitting the issue Of
additional emergency bank notes. and in
surfing their withdrawal when the emer-
gency has, passed by a high rate of tax
atlon. 1t is drawn In conformity with the
present system of bank note currency but
varies from It in certain respects by au-
thorizing the use of commercial paper and
bonds OF good credit, AS well as United
states bonds, as security for its redemp-
ton. II is expressly but a temporary
measure and contains a provision for the
appointment of a currency commission to
devise and recommend a new and reformed
system OF currency. This inadquaCy of our
present currency system, due to changed
conditions and enormous expansion, Is
generally recognized. The republican plat
form well states that we must have a
| more elastic and adaptable system to
meet the requirements of agriculturists
manufacturers, merchants and business
men generally, must be automatic in OPP
interest rates" in which every dollar shall
be as good as gold, and which shall pre-
vent rather than aid financial s~tringency
IN bringing on a panic.
Postal Savings Bank.
In addition to this the republican plat
form recommends the adoption of a postal
savings bank system in which, of course,
the government would become responsible
to the depositors for the aymen Of prin-
cipal and interest. 1t is thought that the
government guaranty will bring out of
be turned into wealth producing eapitai.
and that 1t will be a great incentive for
thrift in the many small places in the
country having now no savings bank facili-
ties which are reached by the Postoffice
department 1t will bring to everyone,
however remote from financial %centers, a
place OF perfect safety for deposits, with
interest return. The bill now pending In
congress, which, Of course, the republican
convention had in mind, provides for the
investment Of the money deposited in ma
tional banks in the very places in which
II is gathered or as near thereto as may
be practicable. This is an answer to the
criticism contained in the democratic plat
form that under the system the money
gathered In the country will be deposited
tai savings has been tried in so many cOun-
tries successfully that it cannot b. re-
sarded longer as a new and untried ex-
pertinent.
Objections TO Democratic Proposal.
The democratic platform a
tax upon national banks and upon such
state banks as may come in in the nature
Snrpd 10 a in fba 20 RAISE a suatanty
which. fails. How state banks can be in
cluded in such a scheme under the consti-
tuition is left in the twilight zone of states
rights and federalism so frequently dim
ming the meaning and purpose of the
promises of the platform. If they come in
under such a system they must necessarily
be brought within the closest national con-
troll, and so they must really cease to
be state banks and become national banks
The proposition is TO tax the honest and
prudent banker to make up for the dis
honesty and imprudence of others. No
one can foresee the burden which under
this system would be imposed upon the
sound and conservative bankers Of the
country by this obligation TO make good
the losses caused by the reckless, specula-
tive and dishonest men who would be
enabled TO secure deposits under such q
system on the faith OF the proposed insur-
ance; as in its present shape the proposal
would remove all safeguards againsl reck-
lessness in banking, and the chief and in
the end probably the only benefit would ac-
crue 70 the Spectator, VINO would be
delighted to enter the banking bus ness
when 1t was certain that he could enjoy
any profit that would accrue, while The
risk would have to be assumed by his
honest and ~hard-working fellow. In short,
the proposal is wholly impracticable IN
less IT is to be accompanied by a complete
revolution in our banking system, with a
supervision so close as practically t. create
a government bank. II the proposal We're
adopted exactly as the democratic plat
form suggests 1T would bring The whola
banking system of the country down in
ruin, and this proposal is itself an excel
lent illustration Of the fitness for national
control of a party which will commit
itself to a scheme of this nature without
the slightest sense of responsibility for the
practical operation Of the law proposed.
The democratic party announces its a l.
heslon TO this plan and only recommends
the tried system Of postal savings banks
as an alternative If the new experimental
panacea is not available. The republican
party prefers the postal savings rRnk as
one tried, safe and known to be effective
and as reaching many more people now
without banking facilities than the nav
system proposed.
Voluntary Plan tor Guaranty.
A plan for a guaranty Of deposits ~ the
voluntary act OF banks involved has been
favorably reported to the house Of repre-
sentatives. This IS, Of course. entirely diff
fercnt from the scheme in the democratic
platform, emitting as II does The features
of compulsory participation and govern
mental guaranty. This proposition IN IN
questiOnably receive the thoughtful con
sideration of the National Monetary COM
mission.
Policies es to Dependencies.
The republican party has pursued con
s%istenty the policy originally adopted with
respect to the dependencies which came to
US as the result OF the Spanish war.
The material prosperity OF Porto Rico
and the progress OF It's inhabitants tOWard
better conditions In respect 10 comfort o,
living ana education should make ever
American proud that this nation has been
an efficient instrument in bringing happ!-
ness TO l,OOlOOO people.