Gilpin observer., 1910-08-11

tlon and overshadOw all other Ques-
tions. 1t Is almost impossible to con
Of representative. The law Of the
Legislators to vote against the Will of
the people, because 1t removes the IN
terest Of those seeking special privii-
In their votes. Special interests are
not going to offer inducements to to
defeat Of bills. when the people, can
have the measures submitted to them
and their decision be final. This law
would therefore produce purifying
and beneficial effect upon every legis-
lature. Under the initiative law the
AS those who are not intelligent are
not likely to vote upon measures sub
an educational qualification. and gives
the most Intelligent expression OF the
people
The Referendum is a veto of the
electors upon any measures passed by
the General Assembly which Is regard
sre as the aM is is ans p"SG no
how repreheRsible the legislation may
be. the obnoxious statute remains for
| very difficult to repeal legislation. 1T
often remains In force for decades. AS
laws passed by the General Assembly
only right and fair that If an act is
objectionable. that they, should have an
| opportunity to defeat the same.
Those who think that the sentiment
| for the enactment of these measures
| Is local to the state of Colorado. or
pie OF Maine. Oregon, Missouri. Utah.
South Dakota. Montana. Nevada and
Oklahoma aola, have by large majGritftes les
number OF cities, by vote. have made
I these measures applicable to their re-
| spective municipal governments.
Many recent platforms of the Demo-
cratic and Republican parties in cor
manded the enactment of these prin-
ciples of government: The movement.
providing for the Initiative and Refer
thirty states in the Union. The contest
IN the national House of Representa-
which concentrated power in the
| speaker, was a spontaneous expression
Of the Representatives In behalf Of the
Great Britain to abolish the House of
Lords has its foundation in the fact
that 1t Is not representative parlia-
mentary body
The law of the Initiative and Refer
endum places the government nearer
| the aim of the trainers of all republi-
can forms of government.
The Pure Australian Ballot.
By reason Of the fact that the names
Of unfit candidates are placed with
| inees on the same party ticket. 1t is in
the Interest OF good government that
]
| indicate each candidate for whom he
desires to vote. instead of making IL
! the bad by one vote for party ticket.
| The state Is entitled to the Judgment
| of the voter upon the qualifications of
| each candidate who seeks to conduct
| the business of the state. Such law
would compel better nominations by
Po,Itiea parties st;uss WGrd The
| for or unworthy OF public trust: would
compel closer inquiry upon the part
character and fitness and would there
fore be educational in its tendency.
The Direct Primary LAW.
Under the present system of NOM
mating candidates for office. there
grows up in every state a number of
men who perpetually control conven-
tions. They generally obtain their
power by reason OF being supported
I with money. and other Influences Of
| the great corporate interests of such
states. AS delegates are named and
/ often subservient to the will of few
men. who dictate the candidates and
| This method is inimical to good gov
ernment and tends to elect candidates
| and pass measures detrimental to the
interests of the people. Under the Di-
! rect Primary Law. each voter, freed
from the Influence OF any other per-
son or corporation, casts his vote for
| those candidates whom he believes to
be most worthy of political preferment.
The Direct Primary Law is not an ex-
I
| ed II has ever repealed 1t. There are
twenty-six states of the Union now
making DIRECT Primary nominations.
public meeting few days before the
Gonyening of the extra session of the
Legislature. which he called to enact
Direct Primary Law, used these
! words
This is your contest. not mine. and
| IL action Is postponed the issue will
remain. You cannot get rid OF 1t. try
as you may II is not nv issue. 1t
against those who have abused party
government for their own purposes"
The Bank Guaranty Law.
The business of banking affects so
Indirectly. that it has long been con-
| sidered proper that safe guards should
be created and enforced in favor OF de-
| positors and for the prevention OF dis
turbances in financial affairs. The de-
positor has a most vital interest in the
bank The accumulation of years may
| be wiped out in a single day. The
bank is the place where moneys are
/ Kept, and suspension, or failure. not
| oniy affects the individual depositors
but checks Immediately credits and
paralyzes the industry of the entire
q. community; its effect on stocks and
/ ates panlcs and affects the value of all
forms OF property. Banks are quasi
with power to do business by the cor
! porate laws OF Il stare. Every one con-
eedes they should be regulated by law.
| ASK IOF most
of the regulating statutes. In my judg-
ment the best form of regulation is
by law requiring by either bond. or
by the creation OF a fund, the guar
anty of deposits.
The most satisfactory law of this
! character which | have been able to
| find Is the Texas Bank Guaranty Law
| II provides that all banks Incorporated
IN that state should pay into fund
Tor the guaranty OF deposits certain
| per cent. upon the deposits held by the
| banks, as guaranty for the payment
of the deposits OF any falling bank.
That IL the bank does not care TO make
such payments, II may execute a bond
guaranteeing the payment of Its own
| deposits. BY the creation of guar
anty fund 1t establishes In the banks
confidence which prevents. or at least
modifies. acute conditions during mon
| nunlca