Arizona republican., 1912-04-11
fear our condition will be made

Wake up and tell the truth" says | the Honorable C. E. Wood and | | fully concur with him in that phrase. Wake up and tell the truth; but we want all the truth. and none need fear the truth but vendors of hot air, for if all the truth were known some of the hOt-air vendors might lose their jobs Wake up, Yes,
 Wake up, I say and not go to sleep on the job, for if we do, we are likely to wake up too late and find our selves in a hole that will be hard tc get out of it, if we get out at all; and any roposition to pay four or five per cent interest on deferred pay ments. sor the sake of an extension of time. would put is in a hole so deep that we never would get out alive. or, in other words. it would be suicidal. l for one would not consent to such an unjust proposi- | tion, for I feel sure that such a plan would be the loss of home and com fort in old age to many who have borne the burden and privation in- cident to the development of all new countries, and in turning that home over to someone who has more money, for much less than it is worth, and give to the speculatOr the much desired opportunity. and for those who have toiled early and late | in the burning sun of this sun kissed land, leave naught to comfort and support them in their declining years but the prospect of entering the | sYln nrIn house; yes, wake up and agitate. and | educate, for l feel sure by so doing
 we can, with patience and charity for all, and malice to none. but bet
 ter than charity for all is justice to all, but if exact justice to all can not be done, let those bear thein- pjustice who are most able to bear lit.
 MT. C. E. Woods plan to defer the lopening of the reclamation project as long as swe can. and then make small payments for five or six years. and and then larger installments at the latter half of the ten years, is a bet ter plan than paying four or five per cent interest for an extension of
 time, and if we cannot devise a bet
 
 for every reclamation project in the whole country. and a plan that will reclaim all the arid land and swamp land that can be reclaimed. for the homeless, and with a plan that will meet the needs of the whole country, and with such a plan we can go be-
 fore, not only congress, but before
 the people. and present our cause and demand our just rights and noth- | ing more and nothing less. and make it one of the campaign issues at the
 coming presidential election, and have no fears for the results.
 | The plan l have to propose is nothing new. but has been in use
 many years but not applied to the reclamation projects. but one just as | well be applied to the reclamation work as to other business: it is what I call high finance practice by the national banks, and used to finance the building of the Panama Canal: presume that most well informed people know how the Panama Canal is financed. but I have not known of anyone advocating the applying of | the same system of high finance to | the reclamation service. and why not apply the system? It would certainly relieve the water users from a burden which they are not able to bear. and l l would advocate the applying of the system to all reclamation work until all the waste places of the earth are reclaimed. unless a better way can be devised, and I think a better way hea lnf fad t.1.t rI,1 n,1ly would not let congress do anything for the common people unless they can get some interest out of it.
 Now let us investigate the high fi | nance used by the bank to finance l the building of the Panama Canal. By an act of congress the United States treasurer is authorized to sell United States bonds, bearing per cent interest, to run five years, and are made basis for national bank ing, which means that the banks holding these bonds can take them to the United States treasury and receive there. for the face value of the said bonds in national bank cur rency. and loan this money out at any interest they can get, so we see
 
 they draw ? per cent interest on the bonds. which in fifty years, without compounding the interest. will re turn to the banks the amount of the bonds. This the government gives the banks for permission to finance the Panama Canal
 And now what do we find intro duced in congress? A bill to au- thoriZe or permit the free use of the canal to American ships engaged in the coast-wise trade The question arises: Why should these ships re- ceive special favors from the govern ment? And the answer is: That the canal is great national and in- er-national affair and the whole na- tion will be benefited thereby, and that is true, but tell us please. who are the owners of these shis that will receive special privileges in going through the canal? And if the Pan- anna Canal is a great national con- cern is not the reclamation service and the making Of homes for home less people a much greater concern to the whole nation, than building a l great capal?
 In my humble opinion, the first l and greatest duty of any nation is l homes for the common people, and | if we would have n loyal nafriotic ic I