The Lexington intelligencer. [volume] (Lexington, Mo.) 1901-1949, 1914-07-10
STONE DECLARES
AGAINST DELAY
SENATOR STONE is IN HEARTY
ACCORD WITH PRESIDENT
WILSON,
FAVORS ANTITRUST BILLS
Opposes Further Postponement-Ap-
proves Work of National and
State Administratlons-Dis-
cusses His Candidacy.

washington, d. c., July SIN a signed
addnaes TO the Democracy Of Missouri,
issued today, Senator William j. Stone
discusses the work Of the Wilson admin
istration, renewing former declarations Of
policy in complete accord with the pro-
gram Of the President. The Senator said:
ITO THE DEMOCRATS OF MISSOURI:
I'm view Of the legislative and diplo-
matte situation at the capital 1t Is i'm
Dortant that Democratic Senators espe-
cially should not be long absent from
Washington while this Congress is in
session, and hence ii will be impTacticable
for me to make anything like a general
canvass Of the state before the primary
election. While / hope to be able to go
TO Missouri for awhile in July for a brief
visit to as many sections Of the state as
possible, IL remains certain that 1t Will be
difficult. for me to do more than make a
hurried and imperfect campaign. AS !
am asking he people Of Missouri to re-
new my commission as Senator Tor an
other term, l regret that the exlgencles
Of the public service forbid my absence
from Washington long enough to allow
me TO go over the state, meet the people
generally and personally confer with
them respecting the work done and to be
ion during this administration AS !
cannot do that, except in a limited way,
without neglecting very urgent pubic
duties, / nave thought ! might, without
criticism, address a communication to the
ARhkA1 80 - $50 Nta N-
my personal fortunes in their hands,
Personal References.
1T is known to you that supported
Speaker Clark for the Democratic Prest-
Dental nomination in 1919, and that ]
did whatever l could honorably to pro-
mote his candidacy. But after Governor
Wilson was nominated 1 promptly took
my stand under the lag placed IN ms
hand. and from the day the Baltimore
convention adjourned to the November
election l worked necessarily for his sue
cess. / visited our national headquarters
In New York and Chicago several times
to advise with and aid those in charge,
and made numerous addresses through
cut six or eight Western and Northwest
ern states. ] also made a large number
Of speeches throughout Missouri, dong
whatever ] could for the entire Demo-
cratic ti~cket-national, state and local
paying my own expenses, besides making
a liberal contribution to the state com
mittee. After Governor WILSON'S election
and Inauguration as President. took my
position as a friend and supporter of his
administration, and rave done all in my
power to uphold his hands. nave NOT
always thoroughly agreed with the Presi-
dent in every particular, but having tulI
faith in his intense devotion to the pub
lie good, in his high ideals, and In his
splendid courage and answering integ-
rlty, j have consulted him always with
the greatest freedom, and we have had
little difficulty in reaching a common
ground where we could stand together.
The President is the selected nedu Ol MS
party, and for that reason l have wished
10 work in hearty accord with him. He
is more than a mere party leader-he is
a great American imbued with a ;ofty
purpose and desire to serve unselhshly
and employ all his great powers to pro-
mote the general welfare, / have beer
honored with his confidence, and have
esteemed II a high privilege to cooperate
with him on intimate terms in working
out the problems of government commit
ted him and to Congress. | have stood
by President Wilson as firmly as l woulo
have stood by President Clark, II this
great MissouTian and great Speaker OF
the House had been chosen as our Chlel
Executive. My respect and friendship
for the Speaker remain the same but ~
the same time ] recognize IN president
Wilson a splendid type of American man
hood-braVe, sincere, richly endowed
with natural gifts, studious, scholarly
strong with upright living, and wilma
deeply inspired by an honest, straight
forward and answering purpose TO rem
der useful service to his country anc
mankind and therefore i could not hal
over a disappointment While the oppor'
tunity crowds upon me TO cooperate VIII
this great President in carrying forward
the work all Of us here are in dut
bound To perform as best We can IN on
several spheres. How well ave per
formed my part ! prefer TO have I'M
President and my associates in Congress
testify. i would be glad to have ANYONE
write the President or any OF my col
lGdkues IN Lac EtudAt VI AAbusGt nam
Inquiry as 10 my labors here or as Il
my standing as one Of your Senators"
Business Adjusting Itself.
Turning 20 q discussion OF the impor'
tant work degolving upon the Wilson ad
ministration. the Senator, who was &C
lively engaged in the work Of tariff re
vision, because OF his membership on IN
Senate Finance Committee, which han
died the tariff bill in the Senate, re
viewed the causes leading up to III
passage OF the present law. He declared
that the new tariff and income tax law
had the approval Of the people and fnl
ty. Business everywhere and of al
kinds" he said, lis rapidly adJustinl
itself to the new conditions created b!
these enactmentsh n there Is ever
are staunchly upheld by the people the
will become the basis OF a great pros
perity-a prosperity that will be Wide,
distributed among the many, Instead o
ss:s%'nS too much concentrated among tn
Banking and Currency.
Upon the currency question, the sena
1.-THE old banking and currency system
fsTfset, u~nscientiAc and unsatisfactory
had run It's course 70 a point where
was generally regarded as obsolete, an
there was a universal demand for a nd
parties were pledged 70 a reform IN on
banking and currency system. But tn
different parties had different theOrie
and purposes, and there we're nan pow
erfui and selfish interests striving 10
years 10 influences public opinion so q
10 direct the course OF currency legiala
ton when action became Imperative
These interests were the special adyo
Gates OF a great central bank. n M
was the theory supported by the lead
Ing Influences dominating the Republica
party. With them a Central Bank wa
the primary and dominant Idea. TIL
Republican idea, " outlined sever
years ago In the so-called Aldrich bill
which happily failed OF passage, Waa {
ctntraliHe the, banking and currency al
fairs Of the government. All the coloa
sal banks Of New York. and ! may ad
many of the greater banks Of the whol
country, stood for that policy. Pres
dent Wilson and the Democratic part
opposed that policy, apd In the way {
would dlatrlbuto The power and resources
Of the banks. together with the directlo
and control Of financial affairs through
cut the different sections OF the conr
try. Il was absolute concentration on n
one hand, against q reasonable dlstribu
tion on the other. We had q long, ai
duous struggle between these opposin
forces when the banking and currenc
Bin was hafore Cuqgress. The Gauss (
the pennA trlumphed W.T. thoSn WI
sought 70 o~sntraise these ul+mportaI
Hifalrs that they might be mare aasn
fiehment Of special Interests. As ~
know. during the proEress o. this gnrul
Gle, many Of the great banks and b9n.
ora e5upcialfy In the East, USorted
MANY devices 10 Influence public opinlc