The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1916-05-24
DEMOCRATS GET DOWN TO
WORK IN ENTHUSIASTIC
CONVENTION
(Continued from Page Onc.)

country, so ions a. they get the Of
fees.
But the recui4 Of the Democratic
party is 80 clear and ~u clean nat Ne
can afford to disregard these critic
snS and confidently appeal tu the
American peopl. .or cndor~.mcut at
the ballot box next November
The first ache emcui OF this adj
ministratlon Wa the restoration of
harmony between the executive and
legislative bran,uv~ Of the severn
mcut. whcre fur .'u wears jealousy
and bitterness aud confusion approx
mating anarcht I' times, had been
the prevailing note. Among the re-
suits Of that restored harmony We
have upon the s.ltut" books today:
First. \ complete modcruizatint
OF our BANKING laws For ncarly
fity years Their, had been talk of re-
vision uf our ,|"rf"u,, system. and
for u decade thor. hId been insistenj
demand for l,g..iIfIuu that would
make D.. imposs HIr fut the great fl
uauciers, by con, ricd Effort. to bring
depression or r.H.a upon the coun-
ivy 40 will a. . means Of coercing h
49, ~ W. NV 80 ~ ~ ~ y 90
lation as they wanted and such I'M
muuiiy from prosecution under tho
trust laws as would enable them Co
plumber the publ, az will
I'm spite OF the concerted opposition
OF the big bankers the admiui-trn-
ton banking and currency htll Wa~
passed ANA from that NJ al
talk Of panic pl--"d because On. ma
chiuery was 20 adjusted hat a panic
was impossible. even when the world
was shaken by th, greatest war hu-
mainly had ever experienced Every
neutral nation uud Ice declare mora
forums except the United states.
Here there wa mot oven a -ugges-
t,u. ~ the issuance pf clearing nous"
certificates. although tins was the
greatest uf Il debtor nations. be
.aE-, W. Net, still loo uur sNaddliug
clothes constant. Borrowing
irum me- old World fur no. develop
m,ut 90 uUI no.. payment
OF uu dollar .f indebtedness. abroad
cog az home had - h' postpone q be-
cause Of shortage of .t.l1plo mon,
.u uur nau.s
Had 10 mot been for no, wisdom aud
.hIAtl, HNl'Nn.fl 81 h''NH NV " taahN
the tall ,. lH1i would uaN, seen this
nation boo fU. srhsp OF % PAM, beside
which 1885 aud 1875 would hay"
seemed men. sumu.c zephyr. Tho
foresight and the guiding ability ct
president wilson saved This nation
nom yJlt-fIpph. lu which banks and
mercantile Institutions would have
TOPPED lt' uinc-pIn>. lu when tn"
nr.s 81 ,toTs factory furnace OF the
laud would have been banked. ana
during winch the tramp ut millions ol
IDLE men would have been heard
throughout th- land. hunting for
WurN when thcy could not mud and
begging lor bread whi,h thoy could
not get
The banking and currency act
would have. been achievement enough
Tor any previous administrators since
the ClNIl war but II WAS not cnough
Tor Woodrow Wilson. n did not meet
MS ideas u' The new freedom which
% Was his mission 10 establish ~ the
ladd therefore,
SvCond Ne have upon the statute
books provision tor It federal trade
commission nhich has been IN prac-
teal operation long enough 20 demon
strat that 10 is the best friend. next
to the banking law. Of both big ana
3 ittI, business. ot producer ana con
sumer. Before the creation of the
federal trad" commission. corpora
tons didn't know what their rights
and powers we're and the department
Of Justice was uncertain a. To IT. du-
1 Ties regarding their regulation Hence,
there were & multitude of suits for
dissolution aud crimina' prosecution
} Instituted under the TAN idmiulFlIu-