East Oregonian : E.O. (Pendleton, OR) 1888-current, 1920-10-27
ONLY THROUGH ELECTION OF
GOVERNOR COX MAY AMERICA
JOIN IN MOVE FOR PEACE
HARDING FIGHTS LEAGUE AND
SEEKS REJECTION; NATIONS
BARRED FROM NEW LEAGUE

them and Governor Cox has n won
derful record as a law enforcer and
friend OF the people.
The days are fresh in the memory
of local people when our state and To-
cal governments set up and protected
demoralizlng Institutions. The ex-
| tremes of soclety--the multi million
aire and the tramp. find ther source
In government. There are those am
ong US who remember the panic OF
1878, while the panics OF 1893 and
1907 occurred during the life time of
all middle aged people now living.
Those panies were the result OF gov
eminent and their effect was to steal
more from the people Of America than
the thefts OF ordinary thieves will
amount TO in a million years.
Wall Street PanIcs.
Those panics came when Wall
street controlled the financia lworld.
The debtors OF America owed Wall
street money payable in dollars, and
those debtors could get dollars only OF
Wall street. In exacting its pound OF
flesh Wall street stole billions upon
billions OF wealth. Through It's power
to expand and contract credit 1t not
only reaped fabulous fortunes from the
people during panies. but il was In a
position constantly to buy low and sell
high The fear Of its power served as
a club which II controlled elections
and thus perpetuated its control
Wall street held sway during the
civil war when our paper dollar was
forced down TO SO cents in gold.
During that struggle Wall street
secured n strangle hold upon the coun-
try that was never broken until 1912
when the progressive republicans di-
vided the republican party. making 1t
possible for "A party not controlled by
Wall street TO come into power
The People Control.
This, for the first time since jack |
son. gave the people control of the |
government through the Wilson Ad- |
mnistration. As a result of this pop
ular victory tremendous body of re-
form legislation was speedily enacted. |
Foremost among this was the recogni- |
tion that labor is something more than |
a commodity to be bought and sold /
like Junk. Then comes the Federal I
Reserve Act that makes credit as !
broad as the base of credit A system .
that makes 1t possible for every per-
son whose morals and property hold
ings entities him to credit TO obtain 4
A system that financed the greatest |
war Of all time with a currency that |
never fell below par.
Then comes the Farm Loan Act that !
uses the superior credit of the nation /
to finance the farming industry for
the nations benefit rather than for /
that of Wall street.
All of these benefits are shared by /
republican voters
But the Wall street crowd are not |
content to remain out OF power. They /
purpose to re-capture the government. |
To this end they are raising another |
campaign fund like that in the days of |
Mark Hanna, But more potent than |
money directly raised and directly ex- |
pended is their control of the CONNER
ciaI world. Wall street is the Ameri-
can Go of the money interests and |
these interests. indirectly control the !
American press.
1t Is the commercial world that sup
plies the advertising for newspapers,
and II is out of pay for ADVERTISE
ments that the great daily press coins
its prosperity.
Thoughtless people rely upon the
press for their information as we all
rely upon the sun for light and heat
Therefore those in control of the press,
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