The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1911-07-06
MAKING GOOD.
-p,4aI Washington Co.resdence.

Thoroughly appreciates thls, TOO.
| Thus declared Speaker Champ
Clark. "The Democrats in the
House are fighting II good fight, "
continued the Speaker, as he locke d
up from desk piled high with cor
rcspondence, reports Of investigating
committees, and an assortment of
books sufficient to serve an ordinary
man as IA complete library.
awe are fulfilling as rapidly and
as literally as possible every prom
Use made to the people
1--WE promised in the Denver plat
form to reform the rules OF the
House, and we have done it. That
Is an accomplished fact.
1--WE promised the people that We
would submit proposition to amend
the Constitution to permit the peO-
pie to vote direct for United States
Senators. The House promptly
passed such n measure.
1--WE promised to pass IA bill com
polling the publication OF campaign
expenses before the elections. That
has been done.
w" promised Ia admit New Mex
leo aud Arizona. We have done our
best to bring about that. 1t is up To-
the Senate,
1--WE promised to cut down tn"
disbursements uf the Government.
"" haN" already made IA beginning
by HbuIishiug more than one hun
bred useless offices in and about the
House Of Representatives, thereby
saving SIS, 900 annually. This l.
only an earnest of what We will ne
complish.
I'VE are living up to the Jetler-
Suuiun doctrine of economy in III,
public expense that labor may be-
lightly hurdcnrd. No doubt we will
b" suecrcd at by spendthrifts a.
ch"oscpurerS, but hard-neaded sen
sihle folks will indorse our action,
because it deserves to be indorsed
1--WE promised to repeal the tariff
ON wood pulp, print paper, lumber,
timber aud logs and that those ar.
ticles would be placed on the free
list. So far as the Democratic
House is concerned that pledge has
been fulfilled in the Reciprocity bill
and the farmers free list bill which
sleeps in the Republican Senate.
"Twenty-siX Republicans voted
for the Underwood wool bill. Ii had
Il majority Of III. My prediction is
that ii will pass the Senate and be.
come law and prove to he of vast
benefit to the American people by
the cost To the consumer.
THAT is not all, " continued Mr..
CLARK. "W" are going on down the
line. We will take up cotton next,
and then steel and sugar and other
luudstutis. We ar" getting to II tar
i'll for revenue basis That Is demo
cratic doctrine. II the senate viii
DO its duty tn" people will be greatly
h"u"iit"d by this session
TAFT Still With Aldrlch
President raft's recent statement
that the adoption of ex-senator Al
drich'S currency system, designed
to pat IN" control Of American
nancy absolutely in the hand. at
Wall street bankers, is the most i'm
purtant legislation now pending, has
resulted in the old issue being raised .
between himself and progress Re- /
publicaus.
He has presented himself and his I
as a new menace to /
public interest, and raised the Demo |
Gratis aud progressive republicans to |
Il higher plane of public usefulness, !
us the only effective force the public /
can absolutely rely upon To resist /
the aggressive money power of Nor |
gan and the Presidents efforts to |
serve IL.
Both Aldrich and Mr.. Taft de- |
clare there is no intention of estab- |
fishing anything like central gov
eminent bank. But nobody ran |
read the Aldrich plan in detail with |
out realizing that Ii is II central |
bank of issue that he proposes. His |
so-called Reserve Association of |
America" is to be the depository |
and fiscal agent Of the national gov |
eminent. II is 10 have the sole is |
sue power. II may receive deposits |
from those national banks that are |
stockholders In it 1t shall cstab- |
Iish branch banks, which, Just ms |
under the central government bank |
scheme, will rush their local dppos-
its to the central bank thus taking !
money out Of the community which |
would otherwise he loaned out for |
investments in home enterprises. II |
may buy and sell government and |
state securities and gold coin or bull |
lion. 1t may rcdiscount paper for |
banks depuSiting with it.
In short, the Aldrich reserve as
sOciatiun is "A bank with immense
privileges and powers, but without |
the name of bank. Wall street |
will control 1t. 1t is obvious that
the words central bank" were
omitted because of the prejudice
against such an institution hy the |
country banks. Uncle sam once
tried central bank. II was manned |
and manipulated by politicians and |
brought II panic on the entire roun-
try. Aldrich's tlimsy misreprcsen-
tation, even though endorsed by Mr.. |
Taft, will accomplish but little Re- |
memhering its last experience, this |
country will not stand for another
central government bank.
A Democratic Doctrine.
Election OF senators by direct vote |
OF the people which is now held up |
In Congress 10y an amendment sup |
ported by RristOw of Kansas and |
the entire group Of special privilege |
servers in the senate, is distinctly Il |
democratic proposition. The report |
OF the proceedings of the Republican |
national convention of 1908 shows |
4 lint thn ynfn IN tnnIplf,p a..