Gainesville daily sun. (Gainesville, Fla.) 190?-1938, 1909-03-05


ourselves In position 90 perform cur
promise. We cannot permit the posi-
hle failure Of Justice due To local preju-
dice In any state or municipal govern
ment 10 expose us To the risk Of war
which might be avoided II federal
jurisdiction was asserted by suitable
legislation by congress and carried out
| by proper proceedings instituted by
the executive In the courts OF the IA
tiOnal government.
Monetary Laws Need Change.
One Of the reforms 60 be carried out
during the incoming administration Is
a change OF our monetary ard banking
laws 50 as 20 secure greater elasticity
in the forms Of currency ayai!ll,c for
trade and TO prevent m ." .'Hs ~
law from operating tu is.;,9.sr The EN-
barrassments Of a GnanciJl pJIic. The
monetary commission la,ciy appointed
Is giving full consideration 90 existing
conditions and tO all proposed rene
dies and will doubtless suggest one that
will meet the requirements Of business
and Of public interest. We may hope
that the report will embOdy neither the
narrow view OF those who believe that
the sole purpose Of the new system
should be- 90 secure large return on
banking capital nor Of those who would
have greater expansion OF currency
with little regard To provisions for Us
immediate redemption or ultimate s..
ru-ity. There Is no subject Of cconoin-
&c discussion 50 intricate and So likely
70 evoke Offering views and dOgmati"
statements as this one. The commits
sion In studying the general influence
~ currency on business and Of husi
ness on currency have wisely extend
ed their investigations IN European
banking and monetary methods The
Information THAI ,.". nave derived
from such experts as = have found
abroad will undoubtedly be found
helpful In the solution ~ the difficult
problem they have a. hard.
Favors Postal Savings Banks.
The incoming congress should
promptly fulfill the promise Of the Re
publican platform aud pass proper
postal savings bank BILL II Will NOT
be unwise or excessive paternalism.
The promise 20 repay by the govern
ment Will furnish an lnducement 10
savings deposits which private enter
prise cannot supply aud at such a low
rate OF interest as not 20 Withdraw
custom from existing banks. II will
substantially increase the funds avail
able for investment as capital In use
ful enterprises. IL will furnish the
absolute security which makes the
proDosed scheme Of government guar
anty OF deposits 10 alluring without
its perniclous results.
Ship Subsidies Advocated.
1 sincerely hope that the incoming
congress will be- alive. as IL should be-.
10 the Importance ~ our foreign trade
and Of encouraging II In every way
feasible. The possibility 81 Increasing
This trade IN the orient, In the Philip
mines and On South America Is known
ro every one who has given the matter
attention The direct cncct ~ free
trade between this country ana the
/ philippines will be- marked upon our
srI. al cottous. agricultural machinery
and Other uauul Wrgs. The uecessi-
"a AZ the estal'is-mCT, uf direct lines
/ ~ steamers between North aud south
. america has been brought to the at
f,ufl.u ~ congress ly my predecessor
ana by Mr. Root before aud after his
noteworthy visit 90 ,lJt continent uhd
I sincerely h.le that congress may be-
Induced tu see tlr wisdom 81 % tcuta-
/ ,I,e ,IUr Go establish such lines by
/ fb. use II mall subsidies.
The Importance which tAr depart
mont II agriculture and OF commerce
and labor may play in Kidding the
markets 81 Europe ~ prohibitions aud
Accumulation alainst the importa-
dom Of our products D. fully under
cod. aud Il Is hoped that the use of
rh. maximum aud minimum feature
M our tarlI law Go be soon passed VIII
he effective 90 remove many 81 those
| restrictions.
Loss csnsl Plan Defended
,rbe paua.a canal VIII have most
inp0rtaut bearing upon ihc trade BE-
tween the eastern aud the far west
su sections OF oar country aud VIII
Ug4ls lu-rease the facilities tof