The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-09-17
TAFT MOVES ON.
Presidential Party Arrives In
Milwaukee This Morning.
Begins Tour of the City at
Eight O'clock.
METBY BIG COMMITTEE
Outburst Of Enthusiasm asPres.
ident Leaves Car.
Informal Reception at the
Chamber of Commerce.
METBY BIG COMMITTEE

Taft devoted his principal address II
NfiIwsul<ee at the state fair today tc
the subject of postal savings banks
which he strongly endorsed before a
large and enthusiastic gathering tna'
overhowed the grandstand-
President Taft said that the pos
tai savings bank plan in the Re-
nub1ican platform bound everybody
who calls himself a Republican.
eff they do not like a plank in
p1atforrn.'' said Mr. Taft or II theS
do not like the platform itself. they
cease to be Republicans or they are
Republicans with an exception, anu
that indicates a free ana ehhSheene"
and discriminating people.
"Rut 1 am here to uphold the doclrlhe
of he postaI savings banks, because i
believe they will fill in this country d
long felt want In the first place IL Is
sajd tha nostaI savings bank is a very
paternaI institution; that 1t has lean
ing towards socialism, state soclansm'
and that it proposes to take the pank-
ing business out of the hands OF private
uersons and put it into the government
Now 1 am not paternahst ana an
not a socialist and am not for having
the government do anything that prl-
vate citizens can do as we'll or petter'
but there are conditions. We have
passed beyond the tide of what thSy
call the laissez faire school, which be-
lieved that the government ought TO 90
nothing but run the police force; and
We do recognize the necessity for the
interference of the government because
it has great capital and great resources
behind it and because it sometimes ca1
stand the lack of an immediate return
on capital to help out. We did 1t in OR
Pacific roads. We have done it in I'll
great many different ways and in this
particular postal savings bank business
the government is especially fitted to 40
what no system of private bankers can
de. Great applause.)
THE great usefulness of the postal
savings bank is the great encourage
ment to thrift on the part of those who
are just wavering in the balance
whether they shall save the money or
use it, because they do not know where
they can put it safely. (Applause)
The president read list of the
countries that have postal savings
hanks, citing Canada particularly.
Canada has the savings bank, pos
tai savings bank" he said, land what
is the result along the border up in the
northwest. You find Americans going
up the border and making deposits in
those savings banks. Why? Because
they have got the guaranty of the
Canadian government"
President Taft said the government
had issued upwards of $500, 100000 of
2 per cent bonds of the United States
end fioated them at par at per cent
or little more.
eve did it by getting the banks into
q corner SO they had to have under
the law some government security and
go they were obliged to buy those
per cent bonds,'' he said.
In closing President Taft said, 1--WE
are looking forward, hope with con-
fidence to a readjustment of our whole
financial system and banking system;
certainly it needs it and it has been
suggested that the savings bank
might well await that. l am bound to
say that 1 do not see the necessity
for uniting them together. 1t seems
to me that one system can stand by
itself, and if we adopt the saving bank
they will easily be worked into a gem
eral system of banking because those
savings banks will furnish us five or
six hundred millions of dollars and
that is a very tidy pile to have around
the government to use legitimately in
order to carry on any financial sys-
tenn
The presidents train left for La
crosse over the Chicago, Milwaukee &
st. Paul railway at 11:4O.
In the Land of Insurgents.
Milwaukee, Wis, Sept. 17.-Presi-
dent Taft swung up into the north
west today and after spending the en-
tire forenoon here is proceeding to
Lacrosse, where he will stop for 80
minutes late this afternoon, going
thence to Winona, Mimi, the home
A.
chairman of the house committee on
appropriations. The president has
been receiving many queries as to
when he would discuss the merits or
dement's of the Payne tariff bill, and
1t is now said he will make his first
utterance on this subject at Winona
tonight Last night in Chicago, Mr.
Taft devoted himself wholly to labor
and the laws delay, but announced he
would take up the tariff later in the
trip.
The president today is in the land
of the congressional insurgents and
there was much of interest he would
have to say. On the original itinerary
of his trip he was to have spent this
morning in Madison, the home of
Senator LaFollette, but the plans
were changed and Milwaukee sub
stituted.
The presidents train arrived here
at a. m, after slow run of three
hours from Chicago. Secretary of
War Dickinson, who had some de-
partmental matters to take up with
the president, was expected to come
along, but after spending an hour and
haif on the train in Chicago he had
oota1ned action on all the matters he
mad in hand at midnight and decided
not TO make this portion of the trip
The secretary will join the president
at Ell Paso, Tex, October L.
Mr.. Taft slept until Z o'clock this
morning and then breakfasted on his
car, which had been placed in the
yards at the foot of Wisconsin street,
Crowd Gathered Early.
Inc crowd had begun to gather in
the vicinity of the train as early as
O'Clock and when the president ap-
peared three hours later he was
cheered by throng which extended
for blocks Entering automobiles. the
president and his party were driven
through the city over streets lined