Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-04-30
STRANGE CONDOLENCES
GIVE POWER TO ONE MAJ
He Dictate. Currency, Tariff, Reos
sanization of Banking System an
Will Decide Fate of Income Ts
Proposition-Has Hands on Mar
Wires.
Especial Correspondence
Wires.

up after the tariff shall have been re :
vised-namely, the reorganization &
the currency system of the nation.
Before a new system can be mould
ed out of an old one, lit is necessary
reduce the old to such a plastic sta
that it may be reformed under the hal
of the potter. That is just what
happening to the various element
which relate most Intimately to tt
currency problem. Senator Aldrich
fast getting himself charged with
series of investiga lions and reform
and revisions, which include III
only the currency, but the bankii
system, the postal bank proposal, t.
tariff, and now, apparently, there is
chance that tie income tax busine
will be turned over To him in son
form.
1t is a strange series of coinc
dences that has given all this power
one man just as he would have wishe
it; perhaps just as he planned ii. Fir.
came the Aldrich- Nreeland curreno
measure. In order to get that b.
passed, Mr.. Aldrich proposed that :
currency comisson be established
consider a permanent reform Of tn
system. 1t was done, and Mr.. Aldric-
became head of the commission. =
Throttled Posta.l Banks.
Then came along the postal saving
bank project. Mr.. Aldrich did not war
such a bill passed, because he ex
planned that he desired if such ban.
We're TO be created, to make it a SO
| of department of the } great centre
bank of issue which he hoped woul>
/ be feature of his plan for currenc
revision. So the postal savings ban
measure died, and the, Rhode Island
/ er, as head of the finaNnce committee
occupies the position frpm which, witt
his powers as boss of the senate, h,
will be able largely to determine wha
shall be done about it lin future. II
can take it up again in connection vii
| his project of CURRENCY reform if h
likes and deems fitting, or he can for
get it.
Nexr came the question Of a, tarif
commission. Mr.. Aldrich was long op
posed to anything of the Sort but nov
is disposed to concede it in some par
OF course he will dominate in maxim
up such a body and it will give hil
one more hold on the great fiscal con
terms of the government, to employ q
: 1t may be advantageous and helpful j
working out his currency system.
Will Oppose Income Tax.
And now comes the income tax pro
posal. The senator is thoroughly com
mitted to oppose it; but there
SO much sentiment for it that he ha
indicated to some of its advocates thu
he may yet make the concession {
putting this problem, also, in the hand
: of a mmission-which, likewise, h
: would dominate.
: Thus the senator would appear 9
n the controlling and directing genius,
: one and the same time, in efforts fl
,. the reorganization of the currency, IL
establishment of a postal savings bar
0 system, the organization of a centr
3 bank of issue, the revision of the tari
5 the establishment of a tariff comissie
:, and the creation of commission {
income tax
o With every one of these great prol
0 lens fairly opened, and with one me-
of Aldrich's consF FUGITIVE genius
general direction, 1T will be intsres
: ing to observe what viii come sbou
/; 1t gives to one man power anil
opportunity to reorganize and shal
0 the fiscal system of the governmer
8 such as only Hamilton, founder of Il
. great business establishment of ii
D government, and Chase, the great eli,
D war financier, have ever enjoyed
:, Fingers on Many Wires.
Public men are just now coming
. appreciate how many wires have be-
y placed in the deft fingers Of Aldric
y and with how great power 1t endo,
v him. Just at the moment he is amp
occupied with tariff revision; but h
. ambition goes far beyond that II
y career Of thirty years in the scna
will be made one of the greatest in
the history of the country, or else
;, will be remembered as that Of me
a party boss, according as he shall su
* coed or fail in the immense effort
n the next few years, to employ I'll
y power to re-frame the fiscal scheme
the government. Aldrich has possess
* himself Of a power and responsible
10 such as, in times of yeace, very f
Is men in the nations history have pr
v. sessed.
How he will work is the subject
so the most interesting variety of OPP
rs IONS Many believe Aldrich to
merely an intense, narrow and ratl
effective business politician, with
broad views Of great questions of p
ICY Others believe him merely
dictionary who will seek no more tn
Is. to preserve things as nearly as pos
4. BILE as they are, and to solidify them
rs that form so that the future may f
it still more difficult to change the
And there is minority which
lieves Aldrich to be real statesman
'et man of sufficient breadth and grasp
reorganize the business methods
the government, the currency {
go banking systems, as those Of Germs
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n - DR.. A. W. cHASE'$ O ?