South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-01-25

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| league back any primary candidate.
but that after the primary every
one would get behind the national
state and county ticket for a finish
hight 10 success.
Congressman Adair spoke in part,
as follows.
COmmends Gov RalstOn.
The democratic party has been
tried under the most unfavorabls
circumstances and has made good
I in both state and nation. Our state
administration under Gov. Ralston
| is credit 20 our party 1t has been
a debt-paying and not a debt-mak-
I ing administration. The Indebtedness
Of our state piled upon US by the
republican party has been paid off.
and the first time for SO years our
state is out OF debt Thanks to
I democratic administration. IL will
be a genuine pleasure TO 90 over
Indiana in the coming campaign in
dOrsing the work Of the Ralston adj
ministration. The splendid reforms
/ promised by Gov Ralston have been
carried out TO the letter The facts
are. practically every great reform
given TO the people Of our state came
from a democratic legislature. Our
| party in the future will continue to
pass such progressive legislation as
will be demanded by the people.
I'VE are not only proud Of our
state administration but we are like
wise proud of the work of the ma
/ tiOnaI administration. Woodrow
I Wilson will go down in history as
one of the greatest presidents. Dur
/ ing his administration more con-
structive legislation has been passed
I than had been enacted into law dur
/ ing the past 20 years. When the
/ democratic party came into power
/ it faced great responsibilities and
| these responsibilities were met
/ promptly and successfully.
For many years the democratic
party was misunderstood. Our re-
\ publican friends had led the country
\ to believe that democratic success
meant the destruction OF business.
all Of which was absolutely untrue.
\ They had always been led TO believe
that the democratic party was the
enemy of wealth For many years
/ the wealth Of the country has been
arrayed against us. This charge
was also untrue. The democratic
/ party never was the enemy or
wealth. Our party wants every man
/ to have the same right and the same
\ opportunities under the law, but We
are opposed. and always have been
I 70 LATINO Taur
rich at the expense of the balance
Of the people.
Our party has always been fair
I to business and you may rest as
/ sured that we will never pass a
/ single law that will hinder, hamper
\ or destroy a single legitimate bust
ness industry in the United States
ION the contrary this administra-
I ton has done more TO help business
than was done by any other admins
tration in years gone by. We have
given the country a currency law
which makes it possible for business
men to secure all the funds neces-
sary in carrying on legitimate bust
ness; something that could not be
/ done prior to this democratic admin
istratiOn.
Why G. o. p. Failed to Act.
For many years our currency
\ system had been the laughing stock
Of the world. All parties conceded
! it was bad and time and again
! pledges were made in party plat
forms to revise this system so that
/ il would meet the demands of the
I country. When 1 first went to con-
/ gress and was serving under a re-
publican administration we appro-
| priated $3.50, 900 to pay a commits
| sion 10 make Investigations with the
view of enacting currency legisla-
/ ton. The committee was appoint
/ ed, with Sen. Aldrich at its head,
I the S75O.OOO was expended, a report
made, but no action taken by the
party in power This was due to
/ the fact that the old currency sys-
\ tenn suited the big banks of Wall st.
/ Under the old system the reserves
\ of the country banks throughout the
\ United States found their way into
\ the Wall St banks and these i'm
mense deposits were the source of
great profit They also had the
\ greater part OF the deposits of gov
eminent funds. Out of these two
deposits they made millions Of
/ profit. These Wall St banks had
been putting up a large part Of the
I republican campaign fund TO per-
/ petuate that party in power. and
then the republican administration
paid them back by giving them these
deposits of government money with
( out charging them any interest. No
/ currency legislation could be had
from the republicans because these
Wall st. banks would not give their
I consent.
When we democrats came into
. power we took up the question Of
revising the currency system. We
met with the opposition OF the Wall
st. banks. They sent representatives
TO Washington to prevent Lewiston
OF our currency system. We knew
the motive back Of their action.
Under the old currency system a
few men in New York city brought
on the panic of 1907 which was a
money panic. and il cost the Ameri-
can people a loss OF millions OF do,-
lars 0y reason of closed factories.