The Bridgeport evening farmer. [volume] (Bridgeport, Conn.) 1866-1917, 1911-03-17

ern part Of our grain belt, until the
crop movement is ended on the
northern edge Of the republic, about
twice as much currency Is needed
as is needed in the other six months.
Yet we have practically no machin-
cry for increasing the amount of our
circulating medium during the six
months when the large circulation is
most needed, and curtailing it during
the six months when least currency
is needed"
Are you then an advocate of a
Central Bank?" / asked, surprised.
He shook his head. sI feel reason
ably certain that if the people Of the
United States ever agree to create
great Central Bank, they will never
as long as they live. If were as
rich as Rockefeller would have mil
lions Of copies of Secretary Shaw's
admirable speech against Central
Bank printed and circulated free.
That was one of the best speeches
years. I do not about great many
things agree with Secretary Shaw, but
l thoroughly agree with HIM about
the matter of Central Bank. Sec
rotary Shaw. is rampant Republi-
can. or thinks he is, and Andrew
they quite agree upon this Central
Bank proposition. Jackson killed the
Central Bank of his day and Shaw
wants to prevent the one which is
now being talked about in his day. l
suppose that it is another instance
Of great minds running in the same,
chanel.
when Senator Aldrich was swing
ing around the circle, a year or two
ago, making speeches, trying to pop
ularize himself and his theories, he
said, in one address: General Jack
son was a great man, bot he is dead.
Somehow I believe that it gave the
astute Senator a great deal of pleas
ure to announce the last half Of that
proposition. Such men as Senator
ural, instructive and inevitable antag-
onists One believes in and labors
for the classes, and the other beiiev-'
ed in and labored for the masses.
did not last longer, was that various
money centres had sprung up in this
country, since 1898, the date of the
last preceding panic. Chicago, st.
Louis, Kansas City and other towns
had become somewhat important fl
therefore, the whole thing did not go,
down in crash, as it had in 1885,
and in preceding panics. because New
York happened to get into trouble
financially.
ed States In the city to be designat-
ed as the seat of the Central Bank,
or, at least, there would be general
tendency in that direction. Conse-
quently. as I have said, l am with
General jackson and Secretary Shaw.
and against Senator Aldrich and his
crowd in this matter. If Secretary
Shaw gets a few more good ideas in
his head, he will qualify to make
very respectable sort of a Democrat"
went back to railroads for my fin
al question at this sitting with Champ
Clark. Railroads, next to the Pam
anna Canal and the possibility of war
with Japan, are the most fertile OF all
subjects for discussion at the Capitol
of the United States in these days;
do you remember Brandels' state
ment?' / inquired.
He nodded.
What did you think of it?"
sI really know little about the row
which Brandeis got into with the rail
roads and his statements as to the
normal cost of running them. Rea-
noning on general principles,
should think that if he can prove to
the railroads that they can save
million dollars a day through reforms
which he can suggest, they would
jump at the chance to use his scheme.
whatever it may be. I must con-
clude that railroads in the United
States really are run as economical
lv as possible, and with an earnest de-
sire to avoid accidents of all kinds,
in cluding the killing and manning IF
pa ssengers laborers and others. No
doubt economies will be introduced,
from time to time, as they are need
ed and as they have been in the
past"
After moments pause he added
st suppose there has been some
in the public press and
in public speeches. as to the extent
to which the American people have
been exploited, although the sober |
facts make a bad enough case"
.Rut when you are speaker Of the |
House. and the Democrats are in con-
troll
ssSurely the Democrats will use |
their utmost endeavor to put an end |
TO such exploiting and to give every |
one a fair chance in the race of
life"
EDWARD MARSHALL.