The Bridgeport evening farmer., 1913-10-04

against theEe compulsory discounts
being putin the power OF. any politi-
cad board, instead Of In men who have
saved money in the past and own it
now" he continued.
Perhaps with the view of trying to
raise the gloom that rested upon Mr..
Hills BROWN thinking of the future
of the country under Dem oeratic rule,
President M. w. Manwaring of the
American Trust company wanted an
explanation of happenings in Taunton.
He wanted to Know why, when it be-
came certain ti7at thu tariff bill would
pass, factories in that place that had
been running on part or half time
changed about, +put full forces on full
time and are thus running now. For
a minute Mr.. Hill seemed at a loss for
an explanation, such a thing being i'm
possible in his Interpretation of Dem
ocratic national administration. FL
na1ly he met the question by explain
ing that it was of the f'seasonable
matters" not Immediately affected by
the tariff and then went into a lengthy
explanation and prediction about the
effect of passing the bill
He would have nothing. to do with
the propositions of the Administered ton
along currency lines and called atten-
ton to financial management in Eng
land, France and other countries. He
cited the banking interests there and
how, although the government had a
certain interest, the management and
responsibility are private. This is as
it should be, in his opinion. Gold
standards with sufficient reserve to re-
deem notes in gold is, in his opinion,
the only means whereby the United
States can hope to compete with other
countries and be an Independent
footing. Especially, he said, with the
new tariff bill and revenue-collection
procedure in force.
He also said:
PERSONALLY, believe in our indie
pendent banking system, with Cen
trail Reserve association having It's
capital made up by the voluntary con-
tributions of those National and State
banks which wish to avail themselves
of the advanta ges which It would offer,
by a voluntary -massing. of the reserves
to meet emergencies, thus giving the
country banks all of the mutual pro
lection which cities now enjoy through
the clearing house system, but more
highly developed.
81 would have 1t under the most
rigid and complete government super
vision, both State and National, but
never under government management
or ownership
81 tell you what it is, gentlemen
said Mr.. Hill, answering a question
that had been put to him, If he
thought that a regulation against the
bill transmitted to Washington would
do any good in stemmingathe tide Of
opinion there, :I don't believe it will
do a bit of good. I cannot express to
the people of the United States the
power of the party caucus. I know
Congressman from the south. a nice
fellow, too. who had been opposed to,
the measure right through, but can
didly said to me, Mr.. Hill, agree
with all you say, but cannot go back
on my party And there are scores
the same way There are whole lot
of Republicans in the west who are
in favor Of this as well as Democrats,
just as there were silver Republicans
in 1895. There are Repu bhcans out
there that are Democrats on every
thing except when it comes to farm
Ing
President Davis announced that
there will be a meeting Wednesday
night Of the ,associa ton when q vote
viii be taken on the various questions
submitted by the Charnbe ra 'of Com
merce Of the United States IN. regard
to opinion on various phases of the
currency bill.