The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1908-07-15

implied In those suggestions, now fire.
quently made, that the powers Of the
general government should be extend
ed by judicial construction. There is
no twilight zono between the nation
and the State in which exploiting in
terests can take refuge from both;
and 1t Is as necessary that the federal
government shall exercise the powers
delegated to 1t as 1t Is that the State
governments shall use the authority
reserved to them; but we insist that
federal remedies for the regulation Of
interstate commerce and for the pre-
vention Of private monopoly shall be
added to-not substituted for-State
remedies.
Economy I'm Administration.
The Republican congress in session
just ended has made appropriations
amounting to $1,00S,0OO,OO0, exceed
ing the total expenditures of the past
fiscal year by 1890, 100000 and leav-
ing deficit Of more than $4,000, 900
for the fiscal year. We denounce the
needless waste Of the peoples money,
which has resulted in this appalling
increase. as a shameful violation Of
all prudent conditions Of government
as no less than a crime against the
millions Of working men and women
from whose earnings the great pro-
portion OF these colossal sums must
be extorted through excessive tariff
exactions and other indirect methods.
We repeat the demand for internal
development and for the conservation
Of our natural resources contained in
previous platforms, the enforcement
Of which Mr.. Roosevelt has vainly
sought from a reluctant party, and to
that end we insist upon the preserva-
ton, protection and replacement Of
needed forest. and preservation Of
the public domain for home seekers,
the protection Of the natural re-
sources In timber. coal, iron and oil
against monopolistic control, the de-
velopment OF our waterways for nav
igati0n and every other useful pur-
pose. including the irrigation of arid
lands. reclamation Of swamp lands,
the clarification of streams, the de-
velopment Of water power and the
Of electric power gene
rated by this natural force from the
control of monopoly, and to such end
we urge the exercise Of all powers,
national. State and municipal, both
separately and in cooperation.
Banking,
The panic Of 1907, coming without
any legitimate excuse, when the Re-
publican party for a decade had been
In complete control Of the federal
government, furnishes additional evil
dence that 1t Is either unwilling or in
competent to protect the interest Of
the general public. 1t has linked the
country to Wall street so that the sins
Of the spectators are visited upon the
whole people. While refusing to res
cue wealth producers from spoiliation
at the hands of the stock gamblers
and spectators In farm products, it
has deposited the treasury funds,
without interest and without compete
tion, In favorite banks. 1t has used an
emergency for which 1t is largely re-
sponsible to force through congress
bill changing the basis Of bank cur
rency and inviting market manipula-
ton. and has failed to give to the
15.000.000 depositors OF the country
protection In their savings.
We believe that In so far as the
needs Of commerce require an emergen-
cy currency. such currency should be is
sued. controlled by the federal gov
ernment and loaned on adequate Sc
curity to national and state banks
We favor a postal savings bank If
the guaranteed bank can not be Sc
cured and that 1t be constituted so as
to keep the depositors' money in the
community where 1t Is established.
But we condemn the policy Of the Re-
publican party in proposing postal
savings banks under a plan Of conduct
by which they will aggregate the de-
posits Of rural communities and re-
deposit the same while under govern
ment charge In the banks Of Wall
street. thus depicting the circulation
of the producing regions and
unjustly favoring the speculative mar
Eets.
Income Tax.
We favor an income tax as part Of
our revenue system, and we urge the
of a constitutional amend
ment sppctdcally anthori1inu oo,ocos