The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1909-03-05

means ps eEEnrcaEg tse treaty rights
al szrh aliens ID tie courts d sAe
federal goTernmert i pats Cur g0F-
ernHest ia a p1sfllanlmons pqsita0a u
make definite engagements % protect
aiseas and then excaze the faliaEs -
perform thoss enEagements by an ex-
planafiou that the da.y % keep them
e ln states or cities. not within orr
lcoatroi II Sc would promise Fe must
pat ourselves 90 q posigion - perform
o1r promise We cannot permit tie
possible failure n justice due 70 local
prejudice Id any state or municipal
government t0 expose us t0 the risk
l0f var which might 81 avoided ~
federal Jurisdiction vas asserted ~
suitable legislation - congress and
carried out By proper proceedings IN
stltuted ~ the executive. in the courts
u The national government
Z one Of the reforms u our monetary
and banking laws. 50 g % secure
greater elasticity ia the forms of cur
rency available for trade, and to pre-
rent the limitations n Iaw from opef
atlng to increase the embarrassments
81 d financial panie The monetary
commission lately appointed IL giving
I fuH consideration 10 existing condi.
tions and to an proposed remedies and
viii doubtless suggest one that win
meet the requirements Of business and
of public interest We may hope that
the report win embody neither the
narrow view 10 those who believe that
the sole purpose 81 the new system
should be 70 secure 8 large return on
banking capital o. of those who would
have greater expansion Of currency
with little regard % provisions for lts
immediate redemption or ultimate se-
curlty There Is no subject Of econ
omle discussion So Intricate and 50
likely 70 evoke differing views and
dogmatic statements as this one The
commission 90 studying the general in.
! Guence ~ currency on business and u
/ business on currsney haye wisely ex.
tended their Investigations ia Euro
peau banking and monetary methods.
I The information that they have de-
| rived from such experts as they have
found abroad will undoubtedly be found
helpful ID the solution 81 thc digicult
problem they have iu hand
The incoming congress should
promptly fulfill the promise Of the re.
publican platform and pass proper
postal savings bank bill II win not
be unWise or excessive paternalism
The promise 10 repay by the govern.
ment VIII furnish an iuducement 70
savings deposits which private enter.
lprlse cannot supply aud AZ such low
rate Of interest as not % withdraw
custom from existing banks 10 viii
substantially increase the funds avail
able for investment as capital in use.
ful enterprises. Il sin furnish the
absolute security which makes the
! proposed scheme Of government guar.
anty OF deposits SO alluring without
It's perniclous results
sincerely hope that the incoming
congress viii be alive. as IL should be.
to the Importance Of our foreign trade
and Of encouraging II in every way
feasible The possibility Of increasing
this trade IN the Orient, IN the Phillip.
pines and ~ South America are
known 10 everyone who has given the
Z matter attention The direct effect Of
j free trade between this country and
the philippines viii be marked upon
our sale Of cottons agricultural mach.
inery and other manufacturers The
: necessity OF the establishment OF di.
: rect lines OF steamers between North
and South America has been brought
70 the attention Of congress by my
predecessor. and by Mr Root before
and after bis noteworthy visit % that
continent and ! sincerely hope that
congress may be induced 70 SEE tie
wisdom of tentative effort 70 estab.
lish such lines BY the use OF mail sub
sidies
The importance which the depart
ment Of agriculture and OF commerce
and labor may PLAY in Kidding the mar
kets Of Europe Of prohibitions and dis.
examinations against the imDortafIou