West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1916-10-05

even than that There is an imme.
diate result of this thing. my fellow
citizens. From this time until the
seventh Of Nov ember II is going 10 be
practically impossible for the present
administration 10 handle any critical
matter concerning our foreign rela-
tions, because all foreign statesmen
are waiting To see which way the cleo
ton goes; and i'm the meantime they
know that settleme nts will be incon-
elusive.
The conference which is being
held with regard to Mexican affairs is
embarrassed every day by the appar-
ent evidence which is being produced
that hostility to Mexico is being trad
ed upon by one of the great political
parties. These gentlemen may recon-
cile these influences with patriotic
purpose, but IL is difficult for all of us
to do so. And the one thing | want
TO lay emphasis upon i'm this connec-
ton Is this-that a great, fundamental,
hnal choice with regard TO our foreign
relationships is to be made on the 7th
of November. Some young men ought
To be interested in that.
Some men who want TO see the flu
ture cleared OF the passion which gov
erns the present ought to be interested
| I'm lhut kayH. A
peaceful force expended by America
for the service OF the world ought to
be interested In that.
Singular, isn't IL, that that should
have been the only thing disclosed by
the opposition. But ! suspect that
they are well enough content with
many OF the things that have been
done In domestic legislation, provided
they can get in and control them.
Let me illustrate Take the Fed
eral reserve system, the great bank
ing system by which the credits OF
this country hitherto locked up, the
credits OF the average man, have been
released and put into action; the great
system which has made II possible for
us TO absorb two thousand millions
worth OF American securities held on
the other side OF the water which have
been offered for sale, nearly, II not
quite 30 per cent OF the whole body
or the American securities held
abroad, thing that would have been
impossible otherwise.
you know that one OF the many
things that the Republicans promised
and never did was TO reform the cur
rency system. They did what they
have always done In such circum-
stances. They had thorough inquiry
and report made without any purpose
Of following II up.
THE report was made after long
and expensive inquiry and much in
teresting travel, by cOmmltte pre-
sided over by the late SeantOr Aid
rich; and that report is a very valu-
able document. II is full Of a great
deal OF useful information, along with
a great deal OF useless information
dare say that in any report the useless
predominates over the useful, but II
you konw what you are looking for.
you can find Il in that report
And when we came TO do this thing
that ought to have been done long ago
but which. because OF a kind paraly-
sis which cannot be called infantile.
II was impossible for the Republican
party 70 do should call Il paraly-
sis OF the will we found that we
could take the skeleton OF what we
wanted 20 do from the Aldrich report,
but that we could not take the heart
out Of II, We SO absolutely altered the
heart That Senator Alrich himself de-
nounced the thing that we produced.
Now tho heart OF the Aidrich plan
was a single central bank which was
susceptible OF being controlled by the
very men who have always dictated
the financial policy Of the Republican
party, whereas the heart Of our sys-
tenn Is not a great central bank. but q
body appointed BY aud responsible TO
the government and, by the same tok-
en-. responsible to the people Of the
United States
"The hand Is the hand Of Bsau, but
the heart Is the heart Of Jacob. and
that heart Is the heart OF the Demo
cratic party. the control by represen-
tatives of the people Of the things that
concern the whole people
There was universal hostility
among the bankers Of this country
not unanimous. but universal-to the
adoption Of the present system. and
ali Of that opposition had its impulso
from that central group which knew
that that was going TO happen which
did happen that they we're going to
lose their grip on the treasury OF the
United States
They are perfectly content. my fell
low citizens, 70 take over the Federal
Trade commission. provided they can
select the commissioners and suggest
whom they shall consult They are