Daily independent. [volume] (Elko, Nev.) 188?-1915, 1912-09-13
AEWLANOS DELIVERS ADDRESS
I'm WHICH He PRESENTS ISSUES ,OF
DAY TO An APPREC|AT|VE AUDIENCE


clude Investigation. publicity, recon-
mendation to the president and con-
gress. to aid the courts in the disine
tegration OF condemned combinations
and to act, either upon complaint or
its own initiative. in bringing illegal
combinations to justice. Such q COM
mission would be entirely different
from the one suggested by Messrs.
Gary and Perkins. It would not fix
the prices of the big corporations,
hut it would either regulate their
practices effectively or break them
up. s' -.
Prevention OF Bank Panics
The republican party is practically
committed to a central banking ana
reserve association, planned after
European models, and oblivious of
the fact that the rapid increase of our
population will soon make many of
our single states equal in population
which works we'll in u small and auto
nomous monarchy may not work at
all in an enormous Union of forty
eight sovereignties. 1t is also perfect
ly evident to the most casual observer
that the country at large regards the
source of this plan with distrust and
suspicion and that there is not TIE
slightest chance of its being adopted,
if the peoples will is regarded.
Against Aldrich's Plan
The democratic party has, very
wisely indeed, declared against the
so-called Aldrich plan. I believe that
if entrusted with power, the party
will further show its wisdom and
demonstrate it's fitness to rule by
proposing and carrying out an alter
native plan for monetary reform
which will satisfy the country. 1t
would do we'll, in my opinion, to take
the states as the basic units of or
ganization, and to federate the state
organizations for national action. 1t
would thus. in analogy with the plan
of our political constitution, provide
for the decentralization of the money
Power-now all too powerful. Pro-
visions should be made for the or
ganization, under national law, of
reserve association in each state, to
include both national and state banks
for the purpose of protecting their
reserves and cooperating in the pre-
vention of bank panics. These state
reserve associations should then be
federated under some form of ma
tional organization designed to pre-
vent the interruption of interstate ex-
change. The states would thus be
encouraged to fully exercise their
proper functions, and not to turn
them over to the national govern
ment.
1t is necessary to have state regu-
lation, as we'll as national regulation,
of trade, banking, exchange, and
transportation. Instead of breaking
down our whole scheme Of govern
ment by permitting the greater SOW
ereign to absorb and exercise the
functions of the lesser, we should take
measures to provide for the exercise
of the functions Of both, under a sys-
tenn of cooperation insuring harmony
instead of discord.
The National Defense
have no doubt that, under q
democratic administration, high eff
ficiency in the national defenseI will
be sought. The cooperation ofV the
army and navy should be secured by
the appointment of a board Of dis
tingulshed officers Of both services, to
be advisory to the president and to
congress. The establishment Of an
efficient militia can be secured by the
cooperation of the army. The i'm
portance of having trained officers to
command the citizen-soldiery in time
of war has been demonstrated, and
an Increase In the military establish
ment at West Point might, therefore,
well be made, and the surplus gradu-
ates utilized in training the militia
Our platform calls for n well-por-
portioned navy. Such navy should
consist OF not only fighting ships, but
also OF the auxiliary ships needed In
time of war. In times OF peace, these
auxiliaries could be used as training
ships for the naval reserves and also
In opening UP new routes of foreign
commerce under arrangement with
shipping companies.
Conservation
Under democratic administration
the nation will be regarded as the
trustee OF the public domain, holding
the natural resources In lands, water
timber, and minerals in trust for the
people Of the respective states in
which fhnu I'm niAnnAnh -.