Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1914-07-23
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 Administrations-Dis-
eusses His Candidacy.

Washington, D. c., July SIN a signed
address to the Democracy of Missouri
issued today, Senator William j. stone
discusses the work of the Wilson admin,
istra ton, renewing former declarations Of
policy in complete accord with the pro
gram OF the President. The Senator said
''rO TIE DEMOCRATS OF MISSOURI
"In view of the legislative and diplo
matte situation at the capital 1t isA Inn
portant hat Democratic Senators espe'
cially should not be long absent from
Washington while this Congress is II
session, and hence it will be impracticablt
for me to max anything like a genera
canvass Of the state before the pflrnarI
election. While l hope to be able TO 80
to Missouri for awhile in July for a brie
visit to as many sections Of the state a;
possible, it remains certain that 1t VIII d.
difficult. for me to do more than make Z
hurried and imperfect campaign: AS :
In asking he people of Missouri to re-
new my commission as Senator Tor an
other term, l regret that the exigenciel
of the public service forbid my ,4bsenct
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 b.,
done during this administration. AS !
cannot do that, except in a limited way
without neglecting very urgent publ,
dudes, | have thought l might, without
p criticism, address a communication to thu
people in a public way, and largely leave
my personal fortunes in their hands.
Personal References.
at is known to you that ] supported
Speaker Clark for the Democratic Presi,
dental domination in 1912, n that
mote his candidacy. But after Governor
Wilson was nominated l. promptly tool
my stand under the lag placed in hii
hand, and from the day the Baltimore
-----a-ta1n- cd ~ wrn1 "a fhA kInErAnahGY
election I worked necessarily for his sue
cess. l visited our national ~headquarteri
in New York and Chicago several timei
TO advise with and aid those in charge
and made numerous addresses through,
out six or eight Western and Northwest
ern states. / also made a large numbel
of speeches throughout Missouri, doing
whatever ] could for the entire Demo.
cratic ticket-natio1al, state and local.
paying hay own expenses, besides making
q liberal contribution to the state com
mittee. AFTER Governor Wilson'S election
and inaus JrAtion as President, | took my
position rs a friend and supporter of his
administration, and AVE don't all in my
power to upheld his hands. l AVE not
always thoroughly agreed with the Presi-
dent in every particular, but having full
faith in MS intense devotion to the pub
lie good, in his high ideals, and in his
splendid courage and answering intag.
fity, | have consulted him always with
the greatest freedom, and We have had
l4tAtb dLAAlNAiAS III 4CaClllAb a pliil4lO
ground Where we could stand together
The President is the selected head of hiI
party, and for that reason | have wished
10 work in hearty accord with him.. HC
is more than a mere party leader-he il
a great American imDued with a lofty
purpose and desire to serve 'lnselhshly
and employ all his great powers to pro-
mote the general welfare. / have beer
h0nored with his confidence, and ] have
esteemed it a high privilege to corporate
with him on Intimate terms in working
out the problems of government commit
ted MIN and to Congress. | have stood
by President Wilson as firmly as / woulo
have stood by President Clark, if this
great Missourian and great Speaker OF
the House had been chosen as our CHEZ
Executive. My respect and friendship
for the Speaker remain the same, but all
the same time l recognize in President
Wilson a splendid type of American man
hood-bTave, sincere, richly endowed
with nathral gifts, studious, scholarly |
strong with upright living, and withaiI
deeply inspired by an honest, straight
forward and answering purpose to ren-
der useful service to his country ano
mankind n therefore l could not hall
over a disappointment while the oppor-
tdnity crowds upon me to cooperate with
his great President in carrying forward
the work all of us here are in duty
bound to perform as best we can in oul
several spheres. How well l have per-
formed my part / prefer to lave the
President and my associates in Congress
testify. l would be glad to have anyone
write the President or any of my-c0l-
leagues in the Senate or House, making
inquiry as to my labors here or as to
my standing as one of your Senator'S"
Business Adjusting Itself.
Turning 10 a discussion Of the impor-
tant work devolving upon the Wilson ad-
ADMINISTRATION, the Senator, who was ac-
lively engaged in the work Of tariff re-
vision, because of his membership on the
Senate Finance Committee, which ham
died the tariff bill in the Senate, re-
viewed the causes leading up to the
passage of the present law. He declared
that the new tariff and income tax laws
had the approval Of the people and full
filled the pledges Of the Democratic par
ty. Business everywhere and of all
kinds" he said, lis rapidly adjusting
itself TO the new conditions created by
these enactments. and there is every
good reason to believe that If these laws
are ~staunchly upheld by the people they
will become the basis of a great pros
distributed among the many, instead Of
few
Banking and Currency.
Upon the currency question, the Sena
tor said:
The old banking and currency system
prevailing for many yedrs-always i'm
perfect, unscientific and unsatisfactory
had run its course to a point where il
was generally regarded as obsolete, ana
tItIV was d IlllNt vi Sdt uGlldlu. IOT d f10=I
1cal change in this behalf. All political
parties were pledged to a reform in our
banking and currency system. But the
different parties had different theories
and purposes, and there were many pow
erful and selfish interests striving for
to influence public opinion so as
TO direct the course of currency legisla-
ton when action became imperative.
These interests were the special adyo-
Gates OF a great central bank, and this
was the theory supported by the Lead
ing influences dominating the Republican
party. With them a Central Bank was
the primary and dominant idea. This
Republican idea, as outlined several
years ago in the so-called Aldrich bill,
which happily failed of passage, was to
oe ntralize the banking and currency af-
fairs of the government. All the ~colos-I
sal banks of New York, and | may add
many OF the greater banks of the whole
country, stood for that policy. Presi-
that policy, and in the way OF
strong contrast stood for a systepa that
would distribute the power and resources
the banks, together with the direction
md control of financial affairs. through
put the different sections Of the coun-
try, IT was absolute concentration on the
one hand, against a reasonable distribtI-
tion on the other. We had a long, az
quous struggle between these opposing
Forces when the bafi;lng and currency
bill was before Congress-. The cause II
the People tripmphea over those who
sought to centralize these al%l-importanf ,
li1airs that they might be more easily
Manipulated and controlled for the en-
sichment Of special interests. As you
know, during the progress OF this stri1g. ,
Ble' many OK the great banks and banb-
especially in the East, resdrted "a \,
'0viees to influence public opinion
hna ambarrass the ad1inlssratioz $50