Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1916-11-03

race to help those stricken peoples
when peace gives them rest and hope
once more instead OF exciting igno-
bile fears to which crafty politicians
may appeal for personal advantage.
l do not need to paint the picture in
more detail. 1t is enough to show that
our strong and virile and rich and un-
manned and organized and highly de-
veIoped people have nothing to fear
from the competition Of stricken and
broken Europe. Let us pity and help
if we can those noble peoples instead
of making a new war upon them after
the horrors of this war have ended.
But if we are really endangered in
the future we are prepared for it. We
have created a non-partisan Tariff
Board to investigate and inform Con-
gress as the basis for intelligent legis-
lation, and we have enacted anti-dump-
ing and unfair competition laws that
will protect every legitimate interest
against hurtful combinations against
us or unfair competition with our peo-
pie.
Mr.. Root is by common consent of
Republicans everywhere the greatest
statesman of the Republican party.
Craftsmanship implies vision, even the
gift of prophecy. If Mr.. Root, the
greatest Republican statesman, is a
false prophet, isn't it likely that Mr..
Hughes, who is not so gifted, is also
a false prophet? / have already read
Ito you Mr.. Roots grave and solemn
prophecy of disaster if the Federal Re-
serve Act was passed. Mr.. Root and
his colleagues have been, repeat, dis
credited as prophets. They have been
cratic party took power, but their
gloomy predictions have been falsifed
by the facts The truth is that the
Republican party has no issue and
that it has entered upon deliberately
organized campaign of humbug and
misrepresentation, hoping that enough
people may be scared or fooled to put
it back in power.
The only thing that will endanger
the prosperity of this country is a
Republican victory in November, next
The country would Immediately be
thrown into a state of uneasiness and
uncertainty, and the Government
would be practically at a standstill I'M
til March 18th, next. The Government
would be without power to protect the
country fully in it's foreign relations,
because all of the foreign powers
would assume that change of policy
would be inaugurated on the 4th of
March, 1917, and they would undoubt-
eddy temporize with matters until that
time. A chill would be felt through
out the business world, and after the
4th of March there would be an up
heaYaI over the tariff and financial
questions. Mr.. Hughes has declared
for the standpat Republican doctrine
of a high protective tariff of the old re-
dictionary sort Upon what basis could
business proceed until new tariff legis-
lation has been adopted? Mr.. Hughes
does not tell us wherein the tariff
needs reform; he does not tell US
what particular lines of industry need
additional protection, so that the coun-
try would be in the dark as to the new
oasis which business could proceed
with safety and confidence.
An effort to break up the Federal
reserve system and to establish in its
place central bank located in Wall
Street would also be disturbinb ele-
ment of the most serious sort.
Why should business men enjoying
row unexampled prosperity, farmers
who have never before received such
large returns for their toll, laboring
men who have never before been SO
steadily employed at such high wages,
deliberately vote to exchange the pres
ent certainties under President Wilson
for the uncertainties under Mr..
Hughes? 1t would be equivalent to
exchanging the good money of Demo
cratic prosperity now circulating at
par throughout the land for the mere
promises to pay of Mr. Hughes.
The Federal Farm Loan Act, or Ru-
raj Credits Bill, approved by the Pres
ident the 18th day of July, 1916, is
another measure which will greatly
strengthen and sustain the great pros
Derity the country is now enjoying.
The Farm Loan System will organize
and make effective a great volume of
farm credit now lying idle because I'M
organized and unavailable, amounting
to 500 millions of dollars or more.
The organization of the Federal Farm
Loan Banks and the mobilization of
this idle farm credit will have the mag
ic effect of bringing into circulation
within few years vast amount of
new wealth. 1t will increase farm de-
velopment and add hundreds of mill
lions of dollars of additional value to
the productive wealth of the farms of
the United States.
This bill provides for the division
of the United States into twelve farm
loan districts, and the establishment
In each of a Federal Farm Loan Bank.
Each bank is to have a capital of $780,
GOO or $9,OOO,OOO in all. These Farm