The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1913-07-10
NO POSSIBILITY OF
WAR WITH JAPAN,
SAYS JOSEPH FOLK
Ex-Governor of Missouri
Spoke At Cambridge
City Today.
GOOD CURRENCY BILL
Explains How Measure Will
Help Conditions in
Richmond.
GOOD CURRENCY BILL
BY STAFF CORRESPONDENT.


CAMBRIDGE CITY, Ind, July 10
Scouting the possibility of war with
Japan, endorsing the passage of the
currency bill, and advocating the is
sues involved in the tariff under con-
sideration by congress, Ex-Governor
Joseph w. Folk, of Missouri spoke
here today. He logically reasoned in
the 6rst instance that since the Webb
alien law conflicts with no treaty be-
tween Japan and United States, the
former country could not insist upon
the privilege of ownership of lands
In California for it's citizens, because
Japan has law similar in respects,
prohibiting foreigners from owning
land in that country.
Governor Folk predicted prosperity
for the masses as a result of the pass
age of the currency bill, and declared
it a most important subject before
the people. When it becomes a law,
he said, it will free the people from
the financial domination of Wall
street.
On Chautauqua Circuit.
Governor Folk is lecturing on the
Chautauqua circuit, and spoke at
Eaton, Ohio. Wednesday. He passed
through Richmond about 1880 o'clock
this morning on his way to this place,
where he spoke this afternoon.
81 do not think there is any posi-
bility of war with Japan over the Cali
fornia question:" he said. mo nation
in recorded history has ever demand
ed the expiration of it's own citi-
lens. That would be the situation
should Japan insist upon the privilege
bf American citizenship.
State Has the Right.
"a state has a perfect right to for
bid alien ownership of land so far as
1t does not conflict with a treaty with
a foreign nation. The California law
Is substantially the same as laws of
Missouri, Kansas and other states.
President Wilson and Secretary Bryan
have handled this delicate question
In the best way possible and in such
manner as to cause no breaks in the
friendly relations between Japan and
this nation.
Japan has a law prohibiting or
eliminating foreign ownership of land
by one without becoming a citizen of
that country. We would hardly go
to war to compel Japan to allow Amer
leans to become subjects of the mi
kado.
Graft Out of Tariff.
"The indications are that the tariff
bill will be passed substantially as it
came before the house. This measure
Is a sincere effort to take graft out
pf the tariff, and it's passage should
result in benefit to the masses of the
people, bringing about prosperity for
all in the place of great riches for
theafew-&
he most important subject for
the peoplefis the currency measure,
The administration bill differs from
the Aldrich plan, namely, in giving
control of the central organization to
the government instead of having it
under the domination of banks. as
was the plan of the Aldrich scheme
Divided Into Districts.
THE country is to be divided into
districts with the local association in
each district. the central association
being in Washington. Any bank de-
string money can procure it from the
local association by depositing accept
able assets.
This measure, when it becomes
law, will free the country from the
financial domination of Wall street
Richmond, for instance, will not have
to look to New York or Cincinnati
for it's money, but Richmond bankers
can, through the medium of the local
association, convert their assets into
the currency required for the neces-
sity of Richmond enterprises. 1t is
Easy to see how this Will bring about
revival in industrial activity and
a prosperity which has never been ex-
perienced before.
Gives Supply Elasticity.
''The bill proposed by President
Wilson makes the central association
an enlarged treasury department,
whereby government control is secur-
ed and at the same time the machin-
cry of administration is blended to the
requirements of trade. giving elastic
ity to the currency supply. While
there is considerable opposition to the
bill. prospects are bright for its pass
age"