Rocky Ford enterprise., 1910-08-19


initiative removes the temptation of
iiesgisiators leg ao to % vote against a, the WI Wii OF
terest of those seeking special privii-
in their votes. Special Interest. are
members Of General Assembiies for the
defeat of bills. when the people can
and their decision be rinai This law
would therefore produce purifying
and beneficial effect upon every legis-
lature. Under the initiative law the
appeal in behalf of measures must be
to reason and not to selfish motives.
not likely to vote upon measures sub
mitted. the law acts automatically as
an educational qualification. and gives
the most intelligent expression OF the
peo.ie.
The Referendum is n veto Of the
h upon ssabIx amy eash hfes 5ar5 Sy
ed as detrimental to the public wei
fare. As the law is now. no matter
be. the obnoxious statute remains for
the full term Of two years. and a. 1t Is
often remains In force FOR decades. AS
laws passed by the General Assembly
control and govern the people. it Is
Objectionable. that they should have an
opportunity to defeat the same.
Those who think that the sentiment
is local to the state OF Colorado. or
partisan. are sadly mistaken. The peo-
south Dakota. Montana. Nevada and
Oklahoma have by large majorities
the Initiative and referendum. A great
number of cities. by vote. have made
these measures applicable to their re-
spective municipal governments.
Many recent platforms of the Demo-
cratic and Republican parties In con-
ventions of various states have de-
ciplcs OF government. The movement.
providing for the Initiative and Refer
thirty states in the Union. The contest
In the national House of Representa-
tiyes against the rules of that body.
sneaker. 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 II Is not n representative parlia-
The law OF the Initiative and Refer
endum places the government nearer
the aim OF the trainers OF ali repubii-
can forms of government.
The Pure Australian Ballot.
BY reason 81 the fact that the names
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
easy for him to vote for the good and
the bad by one vote for a party ticket.
The state Is entitled to the Judgment
OF the voter upon the qualifications Of
the business OF the state. Such a law
would compel better nominations by
osfges 1gls nfs shs
for or unworthy OF public trust; would
compel a 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
grows up In every state i a mamben nes ss
men who perpetually control conven-
lions; They generaiiy obtain their
with money. and other inrluences OF
the great corporate interests Of such
elected by such influences. they are
men; who dictate the candidates and
This method Is inimical TO good gov
eminent and tends to elect candidates
Interests OF the people. Under the pi.
rect Primary Law. each voter. freed
from the Influence OF any other per-
those candidates whom he believes to
be most worthy OF political preferment
p!rimsnf 20 s;ats e Which Is sSs hSs aa aaops- ss-
ed II has ever repealed It, There arc
making Direct Primary nominations.
Governor Hughes OF New York. at a
public meeting a few days before the
Legislature. which he called to enact
a Direct Primary Law. used these
This Is your contest. not mine. and
10 action Is postponed the issue Will
remain. You cannot get rid Of It. try
is the Issue of the people Of this state
against those who have abused party
government FOR their own purposes"
The Bank Guaranty Law.
-.
many ot the people. both dIreSt!y and
Indirectly. that 1t has long been con-
s!dered proper that Safeguards should
be created and enforced In favor Of de-
positors and for the prevention OF dis
turbances in financial affairs. The de-
Sositor has a most vital Interest in the
bank The accumulation OF years may
De wiped out In u single day The
bank Is the place where moneys are
only affects the individual depOsitors
but checks Immediately credits and
community: Its effect on stocks and
ponds Is almost Instantly felt. 1t cre-
ates panies and affects the value of all
forms 9i property. Banks are quasi
public Institutions created and vested
with power to do business by the cor
porate laws Of state. Every one con-
Sedes they should be regulated oy law.
The bankers themseiyes ask for most
OF the regulating statutes In my judg-
by a law requiring by either bond. or
The most satisfactory law of this
character which / have been able to
mnd is the Texas Bank Guaranty Law.
1t provides that all banks Incorporated
In that state should Ialy into a fund
Tor the guaranty OF deposits a certain
per cent. upon the deposits held by the
banks, as a guaranty Tor the payment
OF the deposits Of asny falling bank.
That II the bank does not care 10 make
such payments. II may execute a bond
with good and sufficient security
guaranteeing the payi.ent Of its own
deposits. BY the creation OF a guar
anty FUND II establishes In the banks
mOdifles. acute conditions during MON
ey panlCs.
The reason people become panic
stricken at times Is because OF want of
faith In the ability Of the banks to pay
the deposits. Often without reason or
any Just LiLCatlon NNnnfaNar- nnnrlIn tIr...