Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1916-06-10

ment he could prove, the speaker de-
clared. He traced the history of the
money panic in 1907 pointing out how
Heinze and Morris had pyramided
their loans in the effort to acquire
control of New York banks to the
number of Ia until Morgan and 9th.
ers called a halt and called in the
loans and how several banks had
crumbled and because the banks OF
the other parts of the country had
much of their money in New York
at interest it had been necessary for
the banks. to resort to clearing house
certificates when their depositors
called for money. The new banking
and currency law was as just as much
importance to the small man as to the
banks and bankers, and, declared Mr.
Cornwell there was not business
man, and not a banker w-lo would
not admit that the present law is one
of the greatest pieces of constructive
legislation in history. 1t is conceded
he said that never can such fin
ancial panic occur again.
He cited the amendment to the
Sherman antitrust law which pro-
vided that when officers of corpora.
ton made the corporations violate the
law, it held them into court and held
them personally responsible; he cited
the Federal Trade Commission which
investigated facts as to the efforts
of large companies to church small
enc or stiffle competition; he cited
the Clayton anti-injunction law which
differentiated labor from money and
from being a commodity and which
granted a Junk in cases of contempt
OF injunctions not committed in the
presence of the court, effectually a.
bolishing government by injunction,
all of which are affirmed was con
structive legislation of the highest
order.
All the while the administration
was working out its domestic legisla-
ton, the speaker declared, it had
faced the most delicate nd most
dangerous problems in the history of
the country. Time and time again the
country had seemed on the very
verge of war and while facing and
dealing with problems at home, yet
it was the guiding hand of President
Wilson, the patience and high courage
OF that stateman which had averted
strife and bloodshed with the other
nations of the earth, and yet had ac-
complished its object of preventing
further loss of life on the high seas
because no longer were neutral YES
sells torpedoed without warning and
non-combants sent to the bottom of
his audience Mr.. Conrwell said,
ASAN 10 nv a ihau WIZ mas d IVY
who does not thank his God that
Wilson rather than Roosevelt is at
the helm the house broke into ap
plause. One indiscreet. move. one
hasty note, the speaker declared
might have involved this country in
war.
The Democratic party had been
right and deserved the support of
every man, declared Mr.. Cornwell.
Did you know that the country has
never been more prosperous than it
is right now. Pick up "a paper and
you reac of wage increases every
day. Why then should you desire to
make a change.
Is your state government is as good
q shape as your national government.
We have today in West Virginia a
condition which brings the blush of
shame to every man. Let me ask
you If Republican business man
should be away from home and some
one should ask him about politics in
West Virginia, wouldn't he be asham.
ed to answer, because the governor
is on the stump villifying the highest
law officer of your state government,
and the Attorney General retorting
is using language that no gentleman
ought to use. 1t is an absolute dis
grace and it is growing worse every
day If one half of what one says
about the other is true, then neither
one is fit.
l have rarely if ever goi on a train
that | haven't found from one to five
office holders travelling at state ex-
pense either from the Executive Of
fees or from the Attorneys generals
office. | went into the secretary OF
states office the other day and every
L.