The commercial. (Union City, Tenn.) 190?-193?, 1922-04-07
Hon. Austin PeaY.

Hon. Austin Peay.
Hon. Austin Peay, of GAINESVILLE
Tenn, candidate for the Democratic
nomination for Governor of Tennes,
see, was in the city this week for a
day or two mingling with the peo-
pie of Obion County. From quite
number of people we have had the
query-"How did you like Mr..
Peay?" AS much as to say we hope
you were favorably impressed with
the gentleman. Mr.. Peay is without
doubt a man of fine qualifications
and personality. What recommends
him as much as anything else is the
esteem of his fellow-c citizens of Mont
gomery County and the capital city
of GAINESVILLE. Two years ago when
Mr.. Peay was a candidate, his best
neighbors came to Union City in a
body, and escorted Mr.. Peay to the
speakers stand, all thoroly sincere
and enthusiastic in his behalf Again
Mr.. Peay comes to us with the I'M
qualified Endorsement of his home
people. That much for the candi-
date, but something more important
is his enunciation given to the press
a few weeks ago. That article dealt
with the important issues affecting
the people of the State. First, the ifs
cal system, the subject of taxation
and other dependent and correlated
questions. No doubt every voter in
the county is interested in who is to
be the next Governor of Tennessee.
1t is the duty of every Democrat in
the county to take an interest in his
or her candidates this year for Gov
ernor and representatives. 1t means
more than usual. Mr.. |
Peay stands for a general reform in
State administration. First he wants |
to introduce system of economy,
but he also wants an equalization of |
State taxes. The defect of the Rob
erts tax system, according to Mr.. |
Peay, is not so much the plan of
taxation but the fact that agricul-
tural taxes have been increased out |
Of all proportion to corporation and
taxes. Next he wants to
discard all useless and expensive du-
in Cd
,ural and other State departments,
20 that extent, if not more, that our
'evenues may be sufficient for gen.
eral purposes without increased tax
ltion. Useless offices are also sug-
sested in the general plans of re-
orm.
All these things The Commercial
las heretofore referred to in its COM
nents But there is one point of Mr.
'eay's platform to which we cannot
gree. Might as well make it plain
low, and that is that we do not ia
'or the repeal of the eight per cent
contract rate of interest. To say that
We do not need cheap money is a
of the Democratic par
y is the Federal loan system, where
~ the farming classes may obtain
ong-term loans at a minimum rate
# interest. This system is one which
las been wisely provided by the Con-
,ress of the United States and now it
S in operation with the finest re-
ults. Therefore if a farmer wants
loan he is not at the mercy of the
surer at all. On the other hand if
lie has no collateral there is no source
whatever from which he can obtain
loan.
Now the point is this, if the State
assemblies are to make point of at
ack on the banking system and al
ow every other corporation a free
and in mulcting the people with
ny sort of profts-in fine, if prof I
teering is to have the sanction of the a
aw and banking is to be penalized I
hen we are unalterably opposed to I
he iron-bound six per cent law. If /
honey is to be confined to the strict [
st regulations and consumers are to 4
g smashed with property profits, '
hen the laws have been unfairly and ?
njustly administered. The farmer O
oes not stand in need of the six per a
ent law. But the six per cent law,
18th provisions for a contract rate i
eight per cent, is not without JUS b
fication.
Chautauqua Opens June 81. g
Mr.. Chas. Dietzel has been notified [