The Republican. [volume] (Oakland, Md.) 1877-current, 1939-04-27

In of his speeches in Alabama the other day Pres-
dent Roosevelt said that the South should get out of hook
to the North suggesting that the South not broke that
it raise money to establish industries and develop trade
and commerce.
abundant in the South than it is The banks
glutted swollen with deposits. In 1896 William Jennings
he country should have $50 per capita for its population
Now the United States has than $50 per capita for it's
population The decade between 1890 and 1900 witnessed
the construction of numerous cotton mills in South Carolina
For each and painful effort to get the money
required In the bank of South Carolina at this time
enough idle capital to build fifty hundred factories
President Roosevelt is right The South build fac
tories it have its life and fire insurance companies
Why does it not have them?
We shall tell President Roosevelt The people who Have
afraid of his government
They are afraid of him.
They afraid of his laws. They in terror of his
new his strange his mutfarous forms of taxation They
are afraid of the competition of his government with
Germs in which they might invest They government
building houses and renting them Why should they put
money into houses and ots They develop
ing electric They steer away from the purchase of
bonds and shares in private corporations selling electric
current.
They afraid to take mortgage farm, for they
are not sure how long government will permit it to be titled
For the same they hesitate to buy lands.
They cannot lend money at percent government as
lender underbds them They behold government borrow
ing billions practically compelling many of the banks to
lend it. They hear Mr. Mariner Ecces of the Federal Re-
serve Board shouting against cutting down governments
expenses and advocating debt creation that has end
which can point They interpret him therefore as an
advocate of currency imitation, and that debt
reputation.
Our people read that the United States has so percent
of all the gold in the world about fourteen thousand mil
lions of dollars but they not allowed or to feel
dollar of it. Government does not trust them with gold
Shall they trust government?
These people look upon government contrivng new
and harassng taxes with which to pay pensions the
producers in that population. That means-if means
anything that those still producing shall be forced yes
forced by government to carry the nonproducers their
backs Before their the evidence every day that if
they buy shares in industry they who have sweated
sacrced and saved organizations backed encouraged by
government may destroy it's values.
Yes Mr. President thousands of people have thous
ands OF dollars lying idle in the banks. There
before such plethora of the stuff AS virtually none of it
is metal it rot in time. Our people, those who have
not only without faith in government but are
rapidly coming to believe that government their enemy
Our people respect you, Mr.. President Great numbers
OF them have affection for you None of them is without
sincere good wishes for prosperity and happ
The News and Courier is of those who cherish the
kndest sentiments toward you and does question the
goodness of your motives.
We tell you this Mr. President were you to resign your
office to South Carolina that you would
tablsh factory, bank insurance company that it
would be under your active management, and invite
subscriptions to the shares bonds of the corporation
OF successful and hardheaded merchants
bankers lawyers DOCTORS the men who have got
thing would subscribe to dollar of it. They don't like
the way you manage government and they would be afraid
that you would manage private the way
That Mr. President, is why the South is not develop
ing at the moment 1t prefers that it's properties Sin
hook to the North than under the club your
swings over them.