Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1914-06-25
SIGNS OF COMING PROSPERITY.

SIGNS OF COMING PROSPERITY
Fnanciers and bankers of the country doubtless will not
overlook the President Wilson and the democratic
party will have full control of the national banking board
der the law for at least eight years to come
whether the democrats be retained whether they
be defeated, says the Capital News
While this board supposed be and actually
be- bipartisan, still must be understood that but
friends have been named by the president for
place upon There five apponve members of the board
of control having charge the banking business OF the nation
as will develop that this board will have. Each member
after the first board will hold office for 10 years. President
Wilson has appointed member for 10 for eight
years. for SIX for four and for two Two
years from he will appoint another member for 10
This he will do regardless the result Of the pending election
of the election to be held two from when
to Wilson shall be elected
At the time of President Wilson's retirement from office
assuming that he will not be reelected there WILL hen be
member to hold office for 10 years. yet for eight years.
for years. and for two Thus will be that
the end of the present term of Mr. Wilson, majority of the
board named by him will still have six to In other
Words majority of the bank board named by President
Wilson will have eight years the
law into effect and for six years after Wilson shall have
retired from office assuming that he will retire at the end Of
the present term
Now what does that mean?
To nanciers and bankers it should that the execu
ton of the law will be in the hands of friends of
the and of friends of the and
that is not likely that the board with its tremendous and
almost mtless powers will permit the law to become failure
With the present gold supply making allowance for
increase the to this board is empowered under
the currency law issue $OOOOOOOO in currency-a
Suppose these bank should determine to issue
currency to the full limit authorized by the law Who can
determine the stimulating effects upon business of doubling
the money OF the country practically within single say?
Without doubt the leading bankers Of the country have
oreseen that the of these bank governors sufficient
to break the money rust and to prevent further business
sgnaon That accounts for recent declarations of Wander
lip the greatest banker New York has, and of McReynold
Chcago greatest banker that conditions opporune
return to great prosperity throughout this nation.
These srewd bankers They opposed to the
currency BILL but enacted and about be put
effect Ii they beaten and their old power been
taken from them who should recognize that quicker than
theys And they cannot do banking business any
under old conditions who should be quicker than they
pare to take full advantage of the system.
And than suspect that this is exactly what thew
preparing to do.
What but realization of the efficacy the power of this
new banking board, would have justified President Wilson
only few days have hurled defiance into the teeth of
the fnancers and the big business of the nation when he
exposed their plans to by ntmdatng methods his
purpose to enact at the his anti
trust program?
1t is not clear that president determined to complete
his program of dracc legislation to see to it that
the banking board appointed by him backed as it by the
secretary OF the treasury who is his sonnaw and by the
comptroller OF the political avorte of SO to in
crease the volume OF that business be bound to
flourish good times will inevitably with rush. and
thus the democratic party be indicated such an extent that
It's lease on public life will be extended number of wears
perhaps quarter OF century, instead being ended the
en the chiefs of big business been hoping and
his political enemies have been praying?
THE BUILDING OF GOOD ROADS
The building of good roads the biggest and most i'm
portan factor which this consider in the next few
years. the Pen dOree Review The improved highway