Decatur Democrat, Volume 51, Number 42, Decatur, Adams County, 29 October 1908 — Page 2

EASILY UNDfftSTOOB Mr. Bryan Shows Why the In* dividual Favors Protection of Bank Deposits. A MATTER OF INTELLIGENCE r Ban kb Should Attend to the Banking Business and Not the Government. No issue in this campaign appeals more strongly to the individual than the protection of bank deposits. Thousands and thousands of republicans will vote for Mr. Bryan on account of this one issue, which he has presented so clearly to the people of the nation. In a recent speech Mr. Bryan presented this issue in a simple and most convincing way. He said: “Os the many policies proposed in our platform, the protection of bank depositors is the simplest and most easily understood. Why, my friends, this question is so easily understood that I suppose there is not a person in this audience who is not able to understand it. I do not mean that every one, everywhere, can understand it. I draw the line here: When every person reaches the period of intellectual development, where he is able to see that when a man puts his money in the bank he ought to be able to get it again, he ought to have intelligence enough to understand this subject; but until he gets to this point I do not know how to reach him. I take it for granted, however, that you are all sufficiently advanced to be able to understand that when you put your money in a bank you ought to be able to get it out again. Now, my friends, there are just two questions to be considered in this matter. One of these I have given you. The other question is, who must make it secure? Our position is that as the banks make their profits out of the people's money, the bankers ought to give the insurance the people require. Now, I had supposed that that was a self evident truth and that it would not be denied. “I have made no speech without discussing the guaranty of bank deposits .in all parts of the country. After I had made my speech in Baltimore, explaining our system and presenting our arguments in support of it, my attention was called to an advertisement in one of the papers. In my speech I had said that you could insure your house, you could insure your life, you could insure your buggy or your barn, but that you could not Insure your money. And in this advertisement my language was quoted and the advertisement went on to say that I was mistaken, for a certain fidelity company was prepared to insure deposits. And then I found out how they do it down there. You put your money in a bank, and then go and get somebody to insure it so that you can get it out of the bank again. I believe the time has come to compel all the banks to stand back of the banks and make good the presumption upon which you deposit your money in the bank. “Now. my friends, you may ask if the banks are not now sufficiently secured. That is what the bankers say. They will even tell you that only occasionally a bank fails, but the trouble is that we cannot tell in advance which bank is going to fail. Look at the notice they hang up Does it say, ‘this bank will fail?’ No, the notice says ‘this bank is closed,’ and if bankers follow out this plan I will agree not to urge this insuring of deposits. Let the bank give notice three months in advance of a failure so the people can get their money out before the failure. "Do you think the banks are sufficiently secure now? The postmaster general says, in his report in favor of the postal savings bank, that we are sending millions of dollars to Europe to be deposited in government savings banks there, and the people who send their money there would rather send It across an ocean three thousand miles wide than to risk the banks of this country. I say to you that we ought to make our banks here so secure that money will not be driven out of the United States to find a safe place of deposit. That money which is driven to Europe ought to be kept here and used in the business of this country. Not only does money go to Europe, but money goes into hiding, and this is about the time of year w-hen we discover some of it. You will see in the paper every once in a while that Mrs. So and So for the first time this fall made a fire and was mortified to find that her husband, without her knowledge, had been using it as a bank. A man in New York said last fall, when the panic was on, that a billion dollars was in hiding under carpets. I do not know- whether that estimate is too high or too low, but I know this, that if I were a banker I would he ashamed to have an old rag carpet running rivalry with me as a safety deposit vault, in time of danger. If any man says that the hunks are sufficiently secure I will remind him that there Is not a nation'll bank in the United States that can s- • a dollar »f Uncle Sam's money with t netting op security. The state de : security; the county deman ; rit": the city demands sfeurit —h village demands security; nn fraternal orders are now den. security, and I believe the time ', s come when the farmer, the men'-ant and the laboring man should h security when they put their money tn a bank. “In Oklahoma they have hat this plan in operation for now some six months. I learned of one failure there and in forty-two minutes after the bank suspended, the man in charge had an order from the government to pay every depositor in full, and the business went on without interruption. And when he telephoned out to the farmers and said to them, ‘The bank has suspended, come in and get your money,’ they answered, ‘We are busy with the crops now, we will be in in a few days.’ Is it the way you do here in your state when a bank .gets rU.-.vv?

v. lira a bank sustwnfls ? No! the very rumor that a bank is a little uncertain makes a rush of depositors, and they make it insolvent whether it was insolvent or not. “This plan protects the depositors; it protects the community, and it is good for the bank as well "I would rather see the banks attend to the banking business than to have it transferred to the government, and because I prefer to have the banking business done by the banks rather than by the government, I urge the guaranty of deposits as the easiest solution of our difficulties.” STRAUS GIVES REASONS The New York Merchant and Philanthropist Declares Election of Bryan Means Business Prosperity. Nathan Straus, the great New York merchant and philanthropist, in announcing his reasons for supporting Mr. Bryan, said: “I feel sure that he will be elected, and I say. as a business man, one who is as much interested perhaps as any, in the general prosperity of the country, as one who is bound to feel personally any lack of prosperity among the masses, that I believe his election will be a benefit to all the country, and to all of the people. Those that talk otherwise, those that predict panic and disaster, as the result of the election of an honest man, chosen by an honest majority of the people, are narrow minded and short-sighted, or pretend to believe that which they know is not true, or they are seeking to obscure the real and vital issues of the campaign. Mr. Bryan will make a safe, reliable, conscientious president, a president for all of the people, the rich and the poor, the big man and the little. He will represent the American people, not any class, and for that reason I shall work for him until election and vote for him on election day." THE GREAT EXPLAINER. Here Is a copy of a poster, headed “Laboring Men —Attention!” which has been circulated in advance of Judge Taft’s appearance in a number of cities: Come out and hear HON. WILLIAM H. TAFT Republican candidate for President. HE WILL EXPLAIN’ how he secured his appointment as United States judge through the influence of Senator Foraker, the attorney of the Standard Oil company. HE WILL EXPLAIN why, as United States Judge, he put railroad men and mechanics in jail by means of his INJUNCTION process. HE WILL EXPLAIN why he is opposed to giving the laboring man a trial by a jury. HE WILL EXPLAIN to you why the capitalistic class and the trusts and the syndi cates of Wall street are support ing him, while the laboring men are opposing him, almost to a man. By Order of the Committee. The Cry of Politicians. The best service that can be rendered for permanent prosperity is tc rebuke the assumption which certain politicians continually are seeking to create in the public mind, that continued prosperity depends on the success of a particular political party. Our form qf government contemplates changes from time to time, and nothing is so disastrous as to instill in the people's minds the belief that there is danger to business in chang ing a portion of the officers of our gov ernment. If the people cannot change their officers w’ithout creating a panic, then the logical step is to go to a monarchy, which, of course, none advocates.

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• SPECIAL INTERESTS VERSUS • • EQUAL RIGHTS. e e J in every utterance and every • a statement made so far Mr. Taft J • has shown great concern for the • J welfare of the TRUSTS and SPE- ? • CIAL INTERESTS. 2 J He is afraid that the guaranty • e of bank deocsits will be a burden 2 Jon a few bankers. That thou- • o sands of rmMI depositors may lose 2 • ever in ;d es not worry him. • 2 He >s afraid that a reduction of • • the tariff may hurt protected in- * 2 dusiries. He does not worry for 9 o the c.ns .'mer, who bears the bur- 2 • den of the heavy tax. • 2 He is -‘raid to oppose the 2 • TRUST’S, for he considers them • 2 a be -'e does not mind the 2 • ext i * y practice upon the * 2 PUi. :C. • • Hr 's oorrsed to a jury trial in 2 2 cor ’ “ cases be- • 2 car 3C AL INTERESTS 2 • ws • jir injunction process 2 cor The “Father of the • | • Inj " does not worry be- * 2 ca '-borer may not get a • • sq • • blican candidate be- • 2 lie noome tax only when 2 • th- » oppressive means of • 2 ta> ! to furnish enough • •“e - n other words, he be- 2 • liev . I the wealthy should not • , be taxed until the resources of the 2 • masses are exhausted. Not a word • 2 from Mr. Taft because the masses • • bear an unjust share of the burden • • of taxation. • a Mr. Taft stands for the favored 2 • FEW and SPECIAL INTERESTS. • 2 Mr. Bryan stands for the PEO- 2 • PLE as opposed to the INTER- 2 2 ESTS. • • Mr. Taft stands for PLUTOC- 2 • RACY as opposed to DEMOC- • 2 RACY. ; • Mr. Bryan stands for EQUAL * 2 RIGHTS as opposed to SPECIAL • • PRIVILEGES. 2 • WITH WHICH DO YOU 9 2 STAND? 2

— — , MRtwMFiroin n-x. *-*y*ui. WUJAM JCKUMGA “/ « a ’ (W 2,6 - f * » CL - Ji n ' C A. cP 7—- • »

A University in Politics. Josephus Daniels, chairman of the Democratic publicity bureau, commented as follows on the appearance of Prof. J. Laurence Laughlin of the University of Chicago as a stump speaker attacking the guaranty of bank deposits: “It is not surprising,” said he, “tc see a professor of the University o* Chicago on the stump opposing i measure so beneficial to the poor man as the guaranty of bank deposits. John D. Rockefeller and the other Standard Oil manufacturers can not be expected to favor Mr. Bryan’s plans. “Doubtless Mr. Rockefeller has com municated to the university which his money supports and has indicated that he would be gratified to have the university do effective work for the candidate he favors in this campaign.” Henry Clews, the Wall street pub llcity agent, has taken the stump for Taft. This typical representative of Wall street declares that Bryan is unsafe and that Judge Taft will make an ideal president. A few days ago he addressed a big crowd of eastern bankers and, of course, opposed the guaranty of bank deposits. Mr. Clews declared that the guaranty bank plank is “socialistic in Its tendency and a far cry from true democratic principles, which oppose excessive centralization . of power.” Taft and his supporters are insisting that If Bryan should be elected a hostile senate would defeat Democratic alms. This is an admission that they are false in their claim that the people rule, as Bryan says they should. Paste that in your hat — Johnstown Demoscat i

Against Laboring Men. While William H. Taft Is traveling about Ohio and elsewhere making frantic appeals for the support of laboring men, his running mate on the Republican ticket, James S. Sherman, is giving his endorsement to the statement that “labor unions are composed largely of anarchists, socialists and demagogues.” Mr. Sherman heard the organized wage worker of the country thus denounced by a trust magnate who presided at a meeting where he spoke, and gave approval of the sentiment expressed. * When Mr. Sherman appeared recently at Akron, Ohio, the meeting which he addressed was presided over by O. C. Barber, president of the Diamond Match Company Mr Barber introduced Mr. Sherman to the »«dlence. In doing so he made use of the following language, as stenographically reported: “One of the main reasons for the success of the Diamond Match Company Is that its directors HAVE KEVER TOLERATED UNION LABOR IN ITS SHOP. THEY HAVE aS WAYS BEEN OPEN. We have no one to dictate to us what wages we shall pay, what men we shall hire, and what hours our employes shall work LABOR UNIONS TODAY ARE COM POSED LARGELY OF ANARCHISTS SOCIALISTS AND DEMAGOGUES.” | But for the blessed Dingley tariff American newspapers could buy news print paper in Canada for $1.75. n„ this side they are paying all the wav from $2.35 to $2.60. Canadian paper is as good as the domestic product and the labor employed in making it is a« well paid as that on this side the i border.—Johnstown Democrat

L2FU2LICAN3 EOWL CALAMITY to Destroy Public Confidence i. Futile Effort to D« fe*» Bryanrar- - inevitable defeat and with a lull Sledge Os the fact that an s election is as certain as a^ h ‘ ng reasonably can be in politics, the Republicans have been forced to resort to the- last refuge of political cowards -to die calamity howl. They are now engaged in telling the country that panic and ruin will follow Lhe election of Mr. Bryan. Instead of being patri- , otic citizens anxious to restore busi- j ness confidence—a confidence which has been lost under a Republican administration —to subserve their own political selfish purposes they are vainly endeavoring to prolong the present business depression. The question naturally suggests itself: Why is it necessary to restore confidence? Why is it necessary to bring back business prosperity? What has become of confidence, what has become of prosperity? Both, under a Republican administration. have disappeared. Why is another Republican administration necessary to insure a return of confidence and prosperity? The very same men who. today, are going about the country still further destroying confidence by preaching calamity, are the men, who. four years ago said that the Republican party must be successful in order that there ; might be prosperity. The Republican party was successful, but instead of bringing prosperity it brought panic, business depression and commercial stagnation. Whatever may be said of I the present panic, It cannot be denied ' that it is a Republican panic. The , Republican party is in full possession I of the government and must accept | the responsibility. How, then, can a continuation of the Republican party in power cure the evils from which the business community and the laboring man now suffer? Let the Republicans howl about their own panic, and not make false predictions about what will happen under a Democratic administration. They predicted prosperity four years ago, and proven false prophets. Why, then, shcfuld any sane man accept their premonitions ndw when they say that Bryan's election would bring business troubles. Business troubles are already here. What business men want is a cure for them, not a prolongation of the disease by the same sort of treatment which has produced the ailment. Because business men and laboring men both know that a Republican administration has produced panic, they will not be deceived again by these false cries of Republican calamity howlers. They know that William Jennings Bryan is an honest man; they know that he will give the public an honest administration. They know that the calamity howl is for the sole purpose of deception. •••••••••••••••••••••••••a J RAILROAD EMPLOYES VS. MR. J • TAFT. • • • • The Brotherhood of Locomotive • • Engineers' Journal, in May, 1833, • J said: “Judge Taft's decision pro- J • claims members of the B. of L. E. % • a band of conspirators." • • Also, “We can not accept Judge £ • Taft’s decision In any other light • than treason to republican instltu- J • tions and the liberties of the peo- • • pie. It is, will be, and ought to be • • denounced and repudiated by all • • liberty loving men.” • e * * * The impudent false- J • hood that trusts and monopolies • e cheapen products and benefit the • • consumer is disproved by the fact * J that the price of commodities con- • • trolled by these monsters has been J • arbitrarily increased for no cause e J except to pay dividends on fictl- • • tlous capital by methods that * J make larceny respectable. * • • • • —Ex-Senator John J. Ingalls. FARMERS RESENT COERCION Resolutions Passed by Indiana Toilers Condemn Statements of President Sharpies — Endless Chain Among Farmers. Chairman Mack was informed by wire today that at a meeting of representative farmers of Washington township, Marion county, Indiana, the following resolutions were adopted, and it was also agreed to form an endless chain among the farmers of the country: Whereas, The Associated Press has sent out a statement issued by P. M Sharpies, president of the Sharpies Separator Company of Westchester Pa., saying that the hour Bryan is elected the Sharpies works will close down, and Such statements as this will intensify the present financial panic and will also tend to bring on n possiule, other and greater financial calamity; therefore, be it Resolved That as farmers who have the good of our country at heart we deeply deplore such unwarranted statements, and believing they are made for partisan purposes to intimidate and influence voters, we herewith denounce all firms making th7s and £S a :nTinT s^mt na nat^ e beS ‘ busineßs “of'"the nation, and in as much tho » heir a h d y npatr,otlc methods maintain their businesses by patronage of dem ocrats as well as republicans we con demn these methods as an insult to any democratic patron which ought to he.™ .Meb .. b TOe ot party w& 0 believe ip ‘,l|. S J^ Ct “ e unite with us through thek , P y ’. t 0 lion and as individuals in °*»anizathis unwise and spirit would sacrifice the counties tor party success. (Signed) a Blue, chairman; R oßg S L Albert fecary. 8 a ’ "tMlow, gee-

MACK SEES Bis ■— Democratic National Chairm. Declares That Bryan Wi« Carry East and West.' REPORTS SHOW Rising -jj. Ohio. Indiana and New York jj Democratic Column. ** —— Norman E. Mack, chairman of »u Democratic national committee ig ' fident of the election of Mr. president. In a statement sumJ up the situation he said: “Three weeks ago it was appgJ that the tide had turned toward a mocracy, and that every outward h dence pointed to a Democratic victi. in November. The situation is tarig ter now than then, and I am contfa tn the belief that Mr. Bryan will | sleeted president. In fact, the J paign. from the Democratic viewj2 has steadily improved with each b ceeding week. As Mr. Bryan has a sented the ■ issues-in various secti rs the country, the people have more and more ■ convinced that h election is for the permanent pn perity and best interests of the natis ; “Os the many reports I have receh from the various states there bag g been one discouraging to our cause.l the other hand; all of our infornuh has indicated that there will be a , 1 markable decrease in the RepiiMit i vote, and this statement applies ili ’ to the banner Republican state Pennsylvania as well as to states li j New York, Ohio, and Indiana. ) I Bryan will not only receive the maj ity of the electoral vote, but one off greatest popular votes ever gives candidate. Says Fight is Won. “The fight is won, but we must kg everlastingly at it for the ren.aiaj two weeks of the campaign. Our t ports have been of such an enrnmj ing nature that I have at times b fears least some of tfmse on k would’, in their enthusiasm, let the fight, and my parting word to thi at headquarters is that they contis their efforts just as aggressively asl the contest had to be won in the| dining days of the campaign. “The Democratic party has a cred membership than the Republican par The only question with us in rea years has been to get our folks I gether in harmonious and united pi lanx. Ido not believe there is aDa ocrat in the entire country who isd side of the breastworks in this cat paign, and that is the greatest rea to my mind why Mr. Bryan will | Inaugurated president on Marching I will not attempt to gije figures, but will say now that New York, Ohio,u Indiana are Democratic this year, u my prediction does not take Intow sideration a number of other sai i that will swing from the Republia ' to the Democratic column on eleetk , day." Republicans Pass the Lie. Republican campaign managers bt been endeavoring to create the I ’ presslon that James Duncan, first d president of the American Federati of Labor, is not in sympathy with! labor movement advocated by J Gompers, urging union labor tn si port its friends and defeat its eneai ,in the present campaign. Mr. DuM > was advised of this fact and asked state his attitude in the matter. I rep'v is explicit and gives the lie the Republican managers who hl been seeking to place him in a tl light. List of Trust Allies. The Republican national commit is sending out a letter askinc for “a contributions.” in which the deck tion is made that “the election Judge Taft and James S. Shermai essential to the welfare of the a try.” The letter is of interest by rra of the character of the men wb names appear on the letterhead, I who make this appeal. I’ ' are I men who sign the letter inf r ninsl people of the country that election will be dangerous: Charles F. Brooker, head of trust and vice president - . " York. New Haven & Har *' rl i n against which a governn suit now pending in the Fe' i c-'iirti Charles Nagel, of Miss: " e the general attorneys oft ! . 3 Oil company. This Stan ! ! resentative Is in charge of '-'■■■iubli national campaign head -ters Chicago. Frank O. Lowden, multi miHion* son-in-law of the late George M- P man, and now head of th great fl man Palace Car trust, to which traveling public pays tribute. . T. Coleman Du Pont, the eado" powder trust, which is fighting » a against dissolution. I Boise Penrose, the political w* of the corrupt political ni.uuins Pennsylvania. H George R. Sheldon, the personal n resentative of J. Pierpont "■ r ? a ®’ lhe capacity of director i” tl 1 ' IIS ’’ companies, and who coll cted t money for the election of G° v( ' Hughes of New York. ~ William Nelson Crom ’ the representative of Edward i: 11 ana probably the greatest trust la In the United States. Fred W. Upham, the “fat f. vf * M the Republican party in the wea "u the man who wrote letters to c°fi ( tions w’hose property he asses--'■ virtue of his position as a mem tier the board of review in ChicagoFarmers and Business Men . This is a fine outfit to ad' - farmers and business men in t . how to vote. Two of the sign' ’ heads of corporations which are Ing for their existence in tl>e □f course these men slection dangerous: that 1S , J ff j when one becomes acquaint''* their connections. But there nlegitimate business man in * f •mail or large, who has any re tear a Democratic victory