The Butler weekly times. (Butler, Mo.) 1881-1918, 1911-07-06

, ers' Free List bill witch now sleeps
in the Republican Senate. Z"
Taft Still With Aldrich
President Taft's recent statement
that the adoption of ex-senator
Aldrich's currency system, designed
to put the control of American money
absolutely 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 the progressive Repub-
licanS.
He has presented himself and his
administration new menace to public
interest, and raised the Democrats
and progressive Republicans to a
higher plane of public usefulness, as
the only effective force the public can
rely upon to resist the aggressive
money power of Morgan and the
Presidents efforts to serve it.
Both Aldrich and Mr.. Taft declare
there is no intention of establishing
anything like central government
bank. But nobody can read the
Aldrich plan in detail without realiz-
ing that it is central bank of issue
that he proposes. His so-called Ere
serve Association of America" is to
be the depositary and fiscal agent Of
the national government. 1t is to
have the sole issue power. 1t may
receive deposits from those national
banks that are stockholders in it. It
shall establish branch banks, which,
just as under the central government
bank scheme, will rush their local de-
posts to the central bank, thus taking
money out of the community which
would otherwise be loaned out for
investments in home enterprises. It
may buy and sell government and
state securities and gold coin or
bullion. 1t may rediscount paper for
banks depositing with it.
In short, the Aldrich reserve asso-
citation is a bank with immense privi-
leges and powers, but without the
name of a bank. Wall street will
control it. 1t is obvious that the
words central bank" were omitted
because Of the prejudice against such
an institution by the country banks.
Uncle Sam once tried a central bank,
1t was manned and manipulated by
politicians and brought panic on the
entire country. Aldrich's flimsy mis-
representation, oven though endorsed
by Mr., Taft, will accomplish but little.
Remembering its last experience, this
government will not stand foranother
central government bank.
A Democratic Doctrine
Election Of senators by the direct
vote OF the people, which is now held
up in Congress by an amendment SUD-
ported by BriStow of Kansas and the
entire group of special privilege
servers in the Senate, is distinctly a
Democratic proposition The report
OF the proceedings of the Republican
national convention of 1908 shows
that the vote on including in the plat
form Il DEMAND for the election of
by the people was: Yeas ia
and Nays 866.
What Free List Means
The Democratic free list bill in Con-
gress simply means that the farmer
will get his vehicles, farm tools, wire
fencing, harness and shoes for less
Is not that good thing?
Can You Figure This Out?
While the Republican trust-buster,
Kellogg, was prosecuting the Stand
lrd Oil company for the government,
lie was receiving regular and extra
from the steel trust.
Directors of the concern that paid
lin these fees were stockholders in
ne concern he was prosecuting.
What is the answer?
TILES Was Not Slandered.