The record. [volume] (St. Maries, Idaho) 1913-1918, 1914-10-02

urp ID the people, regardless Of
politics, to stand back Of the Pres
ident as one man so that when the
time came to make a move tor
peace between the nations now at
y ar, the head of the nation would
have the solid backing Of 10000 |
people.
Spe aking OF the new currency |
system, Mr.. Alexander said:
81 believe that the enactment
of the new currency law has
marked a new era in our national
Ehfe. We now for the first time
in the history Of this nation have
an elastic currency TO meet the
demands of business; it will put
an end 10 tight money markets;
il has relegated the word panic
10 the rear. Times such as 1878,
1893 and 1907, when the whole
was upset and bankruptcy and
failure was the order of the day,
are gore never to return.
THE wisdom, the courage of
| Woodrow Wilson in placing that
law in the statute books has en-
dcared his administration to me
more than any other act, as ! am
Il business on a reasonably ex-
tcnsive scale in Idaho, and to me
sound financial conditions are inn
lportant. l can now go on with
degree of certainty that whatever
Legitimate undertaking / enter
inc can consumated, and that
there will be money enough to do
The business of the country, and
to move the crops no matter how
large they may be.
IF more money is furnished
than is now in circulation the
regional reserve banks will fur
nish it to the local banks, and the
local banks will loan it to their
} customers at such rate Of inter
est as the national reserve board
p lwill fix from time to time.
, This is a new step in the field
OF cOmmercialism. In the future
, We can expend on legitimate lines
Without ear. In my opinion there
! is now about to be ushered in a
I period of prosperity such as we
D have never before witnessed,
r based upon sound business meth
y dds without imitation and without
speculation"
AS concrete illustration of the
sctady and rapid increase of pub
lie expenditures and the growing
T. extravaganza of the state govern
! ment, Mr.. Alexander gave the fol-
lowing:
& in 1901 the direct tax levy fol
s state purposes under Governor
e Hunt was $4,000 for two years
T. in 1903 under Governor Morrison
It for two years, S55O,O00."
Governor Morrison asked fol
T. a socend term" said Mr.. Alexan-
l. der; but the Republicans said tC
70 him, You are too cheap; we wan
Al governor who can levy more
n than $550,000 for two years, anC
SO they turned Morrison down
= They nominated Gooding and un.
/ der his first term $780, UO wa
10 levied for state purposes for tw'
l. years.
~ That is more like it, sale
. the Republicans, and when Good
II ing asked for a second term the.
. gave it to him and in his secon'
10 term 100000 was levied fol
= state purposes for two years
Z Then they picked up Brady an'
under Brady's administration
y Si,20O,O 900 was levied for stat
y purposes for two years.
~ "Then Hawley, Democrat
was elected, but handicapped will
"a a standpat Republican legislature
~ and although the governor use'
the veto and cut out over $780,.
/ eco, the levy went to Si,800,000
,e "Then came Haines with thu
IF slogan, Take your tax receipts
IS to the polls, and under Haines
n adminstrato $4,000, 600 was levie'
jr for state purposes for two years
The logic Of this is that if you re
id elect Haines the levy for the mex
N two years should be at leas
~ 50, 100000.
is Every time the voters hav
A. gone TO the ballot box and place
he ilie seal of their approval on hig
x taxes, extravaganza and wast'
ID the officials in the state house ha
ie taken the verdict as permissio