Arizona republican., 1913-11-08
Make the Bill Broad and Sound!


 Above alI in our opinion. the bank CTS are right in demanding that no change in the laws should cause them tc lose money upon the per cent bonds which the government had en- cOuraSed them to take as basis for the circulation of bank notes. The simplest way to deal with the ? per cent bonds would be to pay them all eff at par. The opportunity should now be seized to reduce our hetero- geneous system of greenbaclls, bank notes. gold certificates and silver cer- tificates to some uniform and we'll protected basis. with an ample gold reserve in the background. There are many ways in which the pending bill could be improved. The AIdrich commission did a great and memOr- able work in leading the country towards the adoption of a banking and money system as good as those of other leading nations. President Wilson, Secretary McAdoo, Chairman Glass, Chairman Owen, and others in both houses of congress have also been doing a notable and patriotic work in taking up the question and carrying it still farther towards solu- ton. President Wilson and the dem Ccratic congress vii have full credit for their achievement if they give us q sound banking and currency law. But they will have finer and high CT credit if they will be brave enough not to try to put the democratic party label upon such a measure. These questions do not belong in the domain of passionate party politics The republicans. on their part ought not to trv to trip up the party in power. any more than the democrats should try to cloak and hide all that they really owe to the Aldrich com mission for it's important preliminary work. The people of the country, re- gardless of parties. are anxious to have a good. workable banking svs- tenn, and a sound, healthy, elastic vol ume of currency, all under the safe domination and control of the na- tional government There is no real difference of opinion among fntelli- gent business men north, south, east. CT west on these points But there are many technical questions in vclved which must be worked out by experts, and which could never be properly settled by men assuming the attitude of partisans and trying to CiSdNe pOpuIdT pfeJuulCe aga1nSt their opponents.
 Currency as a Popular Issue
 Everyone ought to remember that ours is the only country in the world in which problems having to do with the standard of value. the monetary system, and the intricacies Of central banking have ever been dealt with as partisan and popular issues There was, indeed. some slight attempt at one period to carry the silver question into the open arena in certain European countries as a popular affair. But nothing even faintly resembling Bryan's notable Presidential campaign based upon the technical conditions under which bullion ratios should be maintained in coinage has ever been known in any other great country. Nor has anything like our great struggles af- ter the war, over greenba ckism fiat money, and the resumption of specie payments, ever been known else where England, France, Germany, and many another country have re- formed their banking and monetary sA stems upon the careful study and advice of their statesmen and eX- | perts, without bringing such ques- tions into the domain of partisan ship or popular agitation. The ris- ing tide of social democracy in Ger many seeks to establish better con ditions for the plain people in many directions, but it does not delude itself into .supposing that it can do