Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-09-04

American Eaoar@r 5an- AID pro-
fl1cs- nr desperate dlu rTlI1a'1s
European competition -1a- IL
present. iii -ezula-uu exposes Tl7
COUNTY, -o IL Itsc1Dsed ~ TIE NOUN
-ng -5rzss II a5relgu imported goods
TIE ra-v VII II ~ 1ar ~ zeses-
szy-- 70 Gin ne azE1Gus II ne xFsF'-a.
n 1rzverr war our 1ppnsEs nrEr-
-a-:cnzf a--a-gensnCs rlaE uag -or-s
IL inrn varzs ou- vii faEar policies
ras- bring about REDUCTION II anna
nenrs N and and seI
Zvs-T Republican caadiGa-s n Ills
s4zrs stands sar -1sse policies
Every Republican aGmlase n til
-anlrg ELECTION should -scs.vs ne
s1ou0r- II me pay and IL VAC d.
ars z1od judgment -asT should De-
gwen swing thar vii Strengthen L1e
party forces rum Jcezl u ocean
The 2ar-y rslema erei iEs former
sxcerears II The davs II ne TieTs-
and administration when IL policies
brought 5a-aIysis an me BUSINESS q
sds country and Al Empty --saS1I--
which com PEELED = 20 dor-sw noaeE
n time * peace % NEE, government
=urr-1> btL.s
IN when rasg took charge q the
z5-sr1meur this tine hey tc1x
steps 20 1rs1err aly future uone-
saor-xge- hey 6ld1- propcse "a Sc
.zugh- zzza1- IL the star avs
we're passed 5v Tie Lem oc-a-as. csu-
g-sss giving re party caurr1t At -he
banking of TIE cnun-ry and ne
81 casing -as Fsds-zI Rsse-ve ac-
waLca 5eiss~s6 IL me TINE vas n
l14af46r act and 50 szxza6 or ne
3oor Of Ike HOUSE 7 vas often
5a-as-en as great constructive Eeg-s-
LAt.o1 oS he admin Lsr-z-o1 Wsa-
ere ne saczs a5oIr -tz5s legislation
prior u ne Derocra-.c 5a--T zss11r,-
ing control q the government n
DEB TIE Republicans n 1905
created Z monetary COMM .sstou wEo
ac-=- Iong study worked ogr 7laa
70 -sfc-I re 5aukfaz system u -f-.s
county WITH ne Republican plan
"A guide Icy crocsedeG q, 4ra<- =
currency Lav taar they finally ADOPT
@s vas 4 neu Ser IT -aa szrxr-
and currency cousulsrJee a. IRE -l11=
aid Knew hov dependent they vera
81 re REPUBLICAN, plan Had caeY
followed rhe Pecgol5caa vEau w.
would sa1e raj Z FAR sou-cfe- bank
sFg SYSTEM han We have tstav ard
aaG vzst s'Iaas u p1sIsc MONEY
%oasf have bean sareG during the
var ~ T. vas the Democratic ma
so-.Eg adopted si,s r-aa1e work 59s-
Fs5ec-sd -hs safety cheeks rze-s
SFcvltef f5- cona 1Ietz 5oi!rlcal o.zr-7
. control If o. Banking system and
I9IC sa> zoTerH-n ezr directly lnro ire
oadNEaz 5'.sl1ess rztae- -1an -ee.
-at'ag z, "a Policy r. mas rr.ef. On
railroads and fasled renamed tre
ca.!d, ca.ief L Their 1xz- ard u-c-
claimed II ne oae great a-coa n q tsa-
zeEt Of the Wl.soa administration
The Republican plan pLacat tns
esntro! ct .he banks IT. Z board 81
80 nam 5ers All 5U- SIX 9. whom
ware n ~ cG5ssn ~ TIE hzgt-eas
people II tne country. SIX we-s q, &c
. SPIsE"-T~f- ~ az C1StsCtS- al I'd t.
gra.Ey would 5e chosen tr5ca z coIs1i-
caI rather than from business
standpoint bat there were only SIX
sI.ca appointed, Il ve-y small minor
Tty Of ere b1arl TIE Democratic
"a ~ reduced the board from Is 20
sever members md made them al
political appoint aIeurs. ard what Vss
even more ob4ecrso1a! Al n ght ~
taken from ore party
TIE Democratic party At the t4aa :
tzIke6 loudly IL rne ulo.eT tsEst 51 :
l. thought logt@r Still os the Demo
cratic party arc Z money control oy
that party.
\ secretary III the treasury ready
to respond 70 oo!itIcaf en- srZsncIes
aaay through q tetersl reserve board
Fn5ca re dominates. exercise almost
unlimited powers over six billions II
money and banking assets IN tEe
federal reserve system ard directly
ana indirectly eveF near s.3UtI-
90. GssJ Of deposits n the state and
rational banks os the country. and
Ultimately tne pocket book Of every
!aoozer, every producer and every
man Ia business
WIKI sals political control over OR
rnoneY rse adm Ialstratioa mas met
the reg1lrera IT Its reckless ex-
travaga ace. and concealed govern
raert extravagance and waste, Il has
.aaa ted cur money 80 that the pur-
chasing power Of good old American
dollar viii 70 longer buy Tna: Il did
before: i taxes two dollars ~ gs.
what we Eset 70 ger FOR ore, IL has
pad .sbor and the Iaboring men IN
money that viii not buy what II
shouid. i has cut ia tUo the saving
Of al WHO had laid By a little for a
rainy day and old age Inflated
money boosted prices and main
taIned rising costs on all We eat o.
wear; Z has made the most vicious
prof,eering ever known in this coGn-
try possible.