Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1911-07-06

lonely republican of all its member.
ship. Who elected them if it were not
the business mem"
Judge Cullop also referred to the
great political reverses in the business
communities OF New Jersey, Ohio, In
diana, Illinois, Pennsylvania and West
Virginia. and wound up in burst of
eloquence that carried the house by
storm.
CHAMP CLARK, JR., SOME ORATOR.
In the event that Speaker Champ
| Clark is selected by the democracy as
standard bearer in the presidential
election OF 1912, there will be a young
man who will figure in the campaign
almost as prominently as the speak
er himself He is Champ Clark. Jr.,
| but little past 20 years, and one of the
| best orators in the country for his age
Young Clark's full name is Bennett
Champ Clark. but in the national cap
itol his friends insist upon calling him
Champ Clark Jr. Champ, Jr., has been
attending college at the state univer-
sity at Columbia, Mo-, but is now in
Washington spending the summer va
and his sister, Genevieve.
Champ Clark, Jr., attracted national
attention in the interests of his fathers
candidacy. He debated with Reuben F.
Roy, the republican candidate for con-
gress, and achieved such fame
throughout the district in this debate
that thereafter his audiences overtaxed
the capacity of every hall and school
house in which he spoke.
Champ Clark Jr., is a tall, clean cut
type of boy, and as a result of having
listened TO his fathers speeches in
congress from the time he was boy
of 6 years old, is exceptionally well in
formed on political issues.
TAFT STILL WITH ALDRICH.
Presidents Taft's recent statement
that the adoption of ex-senator Aid
rich's currency system, designed to put
the control of American money alb
solutely In the hands of Wall street
bankers, is the most important legis-
lation now pending, has resulted in the
old issue being raised between himself
and progressive republicans.
He has represented himself and his
administration as a new menace TO
public interest. and raised the demo
Gratis and progressive republicans to a
higher plane of public usefulness, as
the only effective force the public can
absolutely rely upon TO resist the ag-
gressive money power Of Morgan and
the presidents efforts to serve it
Both Aldr1ch and Mr.. Taft declare |
there is no intention of establishing
anything like a central government |
bank. But nobody can read the Aid |
rich plan in detail without realizing |
that il is a central bank of issue that |
he proposes. His so-ca1led reserve |
association of America" is TO be the de- |
pository and fiscal agent of the nation
al government 1t is 10 have the sole |
issue power. It may receive deposits |
from those national banks that are /
stockholders in II. II shall establish |
branch banks, which, just as under the |
central government bank scheme, will |
rush their local deposits 70 the cen,
trail bank thus taking money out Of |
the community which would otherwise /
be loaned out for investments IN home |
enterprises. II may buy and sell gov
eminent and state securities and gold /
coin or bullion. It may rediscount pap
er for banks depositing with IT,
In short, the Aldrich reserve associa-
ton is a bank with immense privileges
and powers, but without the name of a
bank. Wall street viii control it II
is obvious that the words central