The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1912-11-21
EARLY SESSION
MEETS HIS FAVOR
SAINT KIRKPATRICK WANTS CON.
GREss TO CONVENE EARLY.
HE SUGGESTS MANY REFORMS
He Would Prevent Panics; Would
Regulate Trusts; Would Elimin-
ate Watering Stocks, and
Above all Revise Tariff.

Ottumwa, Nov. IS. - SAINT Kirkpat-
rick, democrat and congressman-elect
from the Sixth district, favors an ear
ly special session of congress. He
believes that there are evils to be cor.
rected and that they should be cor
ected without delay.
Il am in favor of an early special
session of congress for the attack on
abuses that are being employed at the
cost of the people" Mr.. Kirkpatrick
said, particularly and at once as hav-
ing reference to the operative meth
DDS of the gigantic steel trust and
those of the cotton and wool monop-
olies."
Mr. Kirkpatrick said that the demo-
cratic party cannot afford to lose time
in bringing about readjustment of po-
licies that were promised in the demo
cratic platform.
The democratic congressman-elect !
intends to push legislation that will !
prevent money panics, correct the
bucket shop evil and eliminate the
watering of stocks. He says the trou-
BILE with the currency laws is that !
they give the power to issue currency |
on their own securities to the Wall |
street crowd of bankers.
Outlines Reforms.
Concerning this he said
IF the Wall street capitalists who
hold the money bags in their clutch !.
as grim as death but knew the banks ,
of the country, on putting UP 'secur-
tiles would be permitted to issue {
their own currency, the panic would {
not even start. 1t would give the i
banks chance to defy the Wall q
street combination. If the laws we're b
SO framed that the banks could issue u
their own money to avoid a panic, i
then would instantly disappear every !
scheme to create such panic from
the Wall street interest. This coun- :
try would have no cause to get down
on its knees to Wall street, which {,
would be compelled to keep the money Y
in circulation, because they could
gain nothing by boarding it. after first !
putting the country into corner by II
draining the banks of the currency of I
their cash."
The law of supply and demand does =
not enter into bucket shop deals, Mr.. r
Kirkpatrick said. The prices are fore 7
ed down when the producer is selling 7
and are boosted when the consumer a
buys under the present system. He
did not suggest a remedy. but declar- G
ed one is needed. \
Regulate Trusts. '
The steel, wool and cotton trusts J
are the ones that Mr.. Kirkpatrick be- L
1ieves should be brought to time at A
once. He declared that under the !
present system these monopoIies prac- "
tice extortion with freedom. In speak J
ing of the steel trust he said: G
I'VE must have steel and we should .
have it at price that does not rob
the consumer, that will not retard the
development of the cities, the extern Y
sion of transportation to the remote /
sections of this great country-why,
steel is almost everything to the peo-
pie. And the people should demand 1
through the representative a fair
treatment and if necessary a control
directly exercised that will regulate
within the bounds of reason what
shall be the charge for the steel pro-
ducts. Surely our steel ought to be Z
marketed in this country as cheap, "
and cheaper than in foreign markets. Il
We have the raw material and pro-
cesses and can safely defy competi- =,
tion on steel, on steel rails for in n
stance. II
The wool and cotton products can L
be placed within reach of the Ameri- y
can people at deep cut in the charg-
es now placed upon them by the high
protective tariffs. The manufacturers
are getting the big end of it and the |,
people are compelled to pay three !.
prices for yard of cotton or wooden Il
goods at the stores 4