Greencastle Herald, Greencastle, Putnam County, 21 October 1908 — Page 2

PAOK TWO.

GREENCASTLt HERALD

WEDNESDAY, OCTOBER o,

THE HERALD l l 'oun(]«d ... PITBLISHHO BSVK. IK<3 Krcept Sundny by the Htar and Democrat Pub.'tehliiK Company at 17 and 1» South Jarkeon Street. Oreencaatle, Ind. r. C. TTLDEN - - - C. J. ARNOLD Editors Terms of Sohsertptloa One Year, In adv ce IJ.no By Carrier In city, per week .. « cents SlnRlo Copies 2 cents Advrrtlalnic Itntrs I'pon Appllratlos WEEKLY STAR-DEMOCRAT Established 18S8 The othrlal county paper, sent to any address In the Unite States, for *1.00 a »ear—Payable strictly In advance Entered as second class mall matter at the Oreencaatle, Ind. PostolTlce. Telephone No. (10

FOR PRESIDENT, Wllllnm J. Itryan of Nebraska. FOR VICE PRESIDENT. . . John W. Kern of Indiana.

DKMOCKATH) 8TATE TICKET GOVERNOR. Thomas H. Marsliall, Columbia CH> LIEUTENANT GOVERNCU, I'rank J. Hall, Ktislivllle. JUDGE OF SUPREME COURT, " ’ B. I Airy, Is»Kaus|«ort. ATTORNEY GENERAL. Walter J. I.oty., Muncle. SECRET \i:Y OF STATE. Jamca F. Cox. •'luinbus, AUDITOR OF STATE, Marion Italh-y, Llzton. TREASURER OF STATE, John IscdharKcr, N. Manchester. APPELLATE JUDGE, F. W. Felt, Green field. REPORTER SUPREME COURT, I'urt New, North V'ern< ■' STATE STATISTICIAN. I*. J. Keileher, Indianapolis STATE SUPERINTENDENT, Holiert J. A Icy, Bloomington. PUTNAM COUNTY TICKET REPRESENT \TIVE, D. B. Hostetler, TREASURER, Ji.apcr Miller SHERIFF. Frank Stroulte. COMMISSIONER, THIl'U DIST, Ed Houck. CORONER, It. J. Gill ~'e]llC, SURVEYOR, «• iec Lane. COMMISSIONER. 2nd DIST, Gt'orgc K. I tain •

JOINT DISTBIfrr TICKET . f FOR CONGRESS italph Moss FOR PROSECUTOR James I*. Hughes. f A, ■ A FOR JOINT SENATOR F. C. Tilde■. &

TOW \SH 11* I It Kir. For Trustee, Lincoln Snytler. FOR ASSESSOR. John Cherry.

The Star & Democrat has been authorized by State Committee to receive contributions for the campaign. All money received will be forwared to the Democratic State Committee, to be used In securing and distributing political literature, paying the expenses of speakers and paying organization. Contributions of $1.00 and upward may be left at this ofllce. We urge prompt and liberal action. Tlie names of contributors, and the amount given will be forwarded to the State Committee, which will mail a receipt to each person signed by cbe chairman, d w tf

LANE AND THE SEN ATORS!! 11* Mr. Lane’s candidacy for the position of representative from Putnam County lias some interesting features in addition to those connected with the question of county option. One of the most interesting is that Mr. lAne is practically pledged to support Governor Hanly for the senate of the United States. Mr. line’s position on this matter is as follows: It is understood that the Anti-Saloon Iveague, in 4 -n for the services rendered t mse by Governor Hanly in cail.i ^ the special session of the legislature, lias agreed to support him for the senatorshlp. All candidates supported by the Anti-Sa-ioon League have pledged themselves lo aid any legislation desired by the League. At least this pledge has been presented to a number of candidates and only those who have been wipporte.l who signed it. The league is support in ' Mr. Lane, and It is natural to i pose that he has given that body m-'-rrancc that he was with it in all thingo relating to temperance. Now Senator Hemenway has

made to decided record for tem- ■ ranee and Governor Hanly has made a . oc< rd for little else. There must 1) temperanee legislation at Washington and the league believes that Hanly would find time, in spite of his heavy lecture work, to take ca-e of it. He will, therefore, be supported for that position In opposition to Hemenway. and Mr. Lane is looked upon as one of those who will aid. This is nothing against Mr. Lane or the League, hut the idea does not go well with some Republicans who have not loved Governor Hanly in the last year and more.

WITH US REPUBLICANS Yesterdaj a Republican approached a Prohibitionist of the city and asked him this question in this form. “Will you vote with ns Republicans to make the county dry?” The egotism and the insincerity of the Republican attitude on Hie temperance situation is seen iti that question. It wtis not. will you vote to make the county dry, but will you vote with “us Republicans?" Let us look at tiiis question. In the first place the Republicans, were they all united, could not vote the county dry, since the Democrats have a majority of some five hundred in the county. But the Republicans are not united on the question. From a fourth to a third of them are opposed to the proposition. Tills Republican town ship, they acknowledge, can not be voted dry by the Republicans, in fact the Republicans desire the aiii of the Democratic townships to “clean up Greencastle.” It will take at least 2,000 Democratic votes in addition to the dry Republican and Prohibition votes in the county to make ii dry. And yet in the face of tills we hear that "we Republicans” will make the county dry. Is this more boastfulness, or is it a scheme to keep the county wet. The Indianapolis Star this morning states that some 200 people were present to hear Bryan yesterday. This is an illustration of the truth of this organ, which for absolute unreliability surpasses any paper of om acquaintance. Even the local Republican paper dared not go as far as this, though it almost equaled the feat in its write-up of the Warrum meeting at Cloverdale. By their deeds ye know them.

Charley Zeis and W. C. VanAi del the latter newly imported from In dinnapolis, must he worrying about something. They asked the Prohibition party to withdraw its Putnam County candidate for Representative and support Mr. Lane. The Prohibitionists, however, cannot understand why the Republican party poses as the "Tempi ranee party” and refuses to he drawn into the net.

Word comes from every corner that Democratic success is in the air. Think of it. even New York, Ohio ami Wisconsin are classed “doubtful states” even by the Republicans who are prone to admit, nothing unless forced to it.

Marshal Reeves surely showed Ids authority when he ordered Congressman Sullivan to move on. He displayed a lack of something by Ids actions, also. This “lack” lias been displayed so many times In the Marshal that it is needless to specify what it is.

Its a land slide, boys, and nothing can stop it. Not even “Sunrise Bill Taft” and the creative Republican press can put on the brakes. We wonde* - what Charley Zeis thinks of ids chances for the postoffice. Old Putnam County will respond to the call by giving the largest Democratic victory in its history. Two weeks from today all the Democrats will be Oh! So Happy! Monon Itoiite Excursions. To Denver, Colorado Springs, and Pueblo, Col, account I. O. O. F. Grand Lodge, September 16, 17 18, return limit September 30th, $31.35 round trip. One way colonist rates to California, North Western Pacific Coast and Intermediate points, on sale September 1st to Oct 30th. Home Seekers rates to various points To Yellow Stone National Park, after July 15th. summer rates, round trip f46.8t. Summer and all year tourist tickets on sale dally to Pacific coast and various health and summer resorts. J. A. Michae!, Agent. W< ild Mortgage the Farm. A farmer on Rural Route 2, Empire, Ga., W. A. Floyd by name, says: “Bucklen’s Arnica Salve cured the two worst sores I ever saw; one on my hand and one on my leg. It Is worth more than Its weight In gold. I would not be without It If I had to mortgage the farm to get It.” Only 25c, at the Owl Drug Store.

GUARANTEEING BANK DEPOSITS Democratic Position SoundLandis and Huglies Disagree. THE REPUBLICAN PARTY AND LIQUOR LEGISLATION

[From a Speech by Hon. S. M. Ralston at Lebanon, Oct. 14, 1203.1 “We pledge ourselves to legislation under wnich the national banks shall be required to establish a guaranty fund for the prompt payment of the depositors of any insolvent national bank, under an equitable system which shall be available to all state banking institutions wishing to use it.”—Democratic National Platform. Now it would seem that this plank of our platform appeals so favorably to tlie people that scarcely anyone puts up an argument against it. Republican orators have, as a rule, up to date, had but little use for any platform: and I apprehend that no one has any trouble in accounting for the course they have pursued in abandoning the platform of their own party. Governor Hughts of New York, however. has felt that this plank in our platform was growing so rapidly In popularity that some sort of a showing should he made against it. and he has recently therefore attacked it. And what are itis objections to it? I want to state them fairly. He says: (1* “An honest institution complying witli the restrictions of the law should not lie saddled with the results of othi r men's misdeeds. (2) “It will lead to reckless banking by enabling men without (lie proper resources to po Into the banking busi-

ness.

(3) “The guarantee fund would take money out of circulation and deprive it of the power to earn Interest.” if lie lias pointed out any objection in addition to these to this plank 1 have been unable to discover it. Are these sufficient to condemn the policy our party suggests 0 I cannot recall any restrictive legls lation touching commercial matters to which Ids first objection does not apply with tlie same force as it does to the propositi to guarantee the depositor against loss. It will hardly do to insist that till restrictive legislation should be repealed because It imposes additional burdens upon honest men. And how is it as to his second objection? Men cannot organize a banking corporation unless they comply with the law providing for such corporations. They must have the necessary capital — tlie necessary resources—and the law governing hanking should he made so strong that designing men cannot thwart it. If every bank is required to contribute to the payment of tlie depositors of n failing institution, then every hank will become tin inspector of every other bank. There would thus be created a spirit of watchfulness from ocean to ocean .against reckless banking. So under such it method it would be impossible, when we consider the duties of regular bank examiners, for a bank to go very far wrong before its assets would lie seized by the govern-

ment.

In liis third objection the governor assumes the fund would have to Tie held as dead capital. The plank In question does not go into detail as to how the fund shall lie kept or handled. It simply declares for a principle, and If the principle is sound It will not do to say that the statesmanship of our country cannot devise a rational scheme by which the people can enjoy tlie benefit of the principle. Now my fellow citizens, l want to congratulate you that all Republicans do not take the view of the hank guarantee proposition that Gov. Hughes di.es. One of the most eloquent appeals I have read in favor of a law guaranteeing depositors against loss was made by a Republican. It is true ho lias not been repeating his speech since his party adopted the Chicago platform, hut 1 am going to give him credit for still holding the same views he expressed in the speech to which I refer, until he repudiates them. The distinguished Republican to whom I refer is our handsome and brilliant representative in congress, Hon. ('has B. Landis. The speech was made on the occasion of his last nomination at Frankfort, March 5th, 1208. I read what he said on this subject: “I would also put into the bill a provision subjecting all national banks to a small tax to raise a fund out of which depositors who lose money in banks that fail shall be reimbursed. To restore confidence to the people in the banks—to my mind that is the chief object now to be attained. The failure of one great bank in New York leads the depositors throughout the country to fear a failure of their local bank, and the quiet yet steady withdrawal of deposits sets in. Soon there are runs upon the banks and then there is a panic. if the depositors knew that Uncle Sam had the custody of a fund out of which he could pay any depositor who lost a dollar in a national bank, there would be no run on a national bank. I cannot but think that a provision of this character added to our present currency law would

likig.

do more to restore immediate confidence and revive the business of tha country than any other that has been suggested. It is a matter of common Information that the banking associations are liable under the law for twice the amount of their capital stock. Say a bank is capitalized at $100,000; the stockholders are liable for $200,000. But the bank accepts deposits to an unlimited extent, up to $500,000. Thus there is one-half of the deposits with no other guarantee than the integrity and business ability of the banker. No one can borrow money from a bank, and rightly so, without giving security. No man can be expected to deposit money in a bank without a feeling of absolute security, and if the government provided such a fund as I have mentioned for reimbursement, the depositor would have this feeling of security. “I am glad to say that there is not a single national banker in this district with whom I have talked or corresponded. and I have been in touch with nearly all of them, who does not endorse this proposition. They feel that the small tax that they would have to pay—not to exceed one eighth or one-sixth cf one per cent—would be offset many times by the increased deposits that would force legislation of a similar character for private and Wtate banks and in the end the depositor would have absolute security. This would give confidence to the depositor in the private and state bank, and with full confidence on the part of all depositors, coupled with closer investigatlon and inspection, I feel that a panic similar to that through which we are now passing would be next to impossible. Thus It Is Keen, so recent as last March, Mr. Landis favored guaranteeing depositors against loss, for the reasons:

Section 3 of the Beardsley act provide* that "All laws and parts of laws in conflict with the provisions of this act are hereby repealed." Section 2 of this latter act provides among other things: “It shall be law-, ful for any druggist or pharmacist tc sell vinous or spirituous liquors in quantities not less than a quart at s time for medicinal, industrial or set; entifle purposes, and for no other pur poses, and then only upon the written (not printed or typewritten) prescrip j tion of a reputable physician in activ« practice, or upon the written and sign! ed application of any other persot | who is personaly known to such drug gist or pharmacist and who is by hin; known not to be a person in the habil: of using intoxicating liquors as a bev erage.” The words “any other person” in elude both minors and adults—both male and female—and thus we se« that by a solemn act of the legtsla ture tlie Republican party has author Ized druggists to sell intoxicatins liquors in quantities not less than i quart at a time to minors— to bott girls and boys. So, my fellow-Democats, when Re publicans urge you to vote their ticket because of their party’s position on tht temperance question, you remind then that you are opposed to the selling ol intoxicating liquors to the boys anti girls of your state.

GUARANTEEING DEPOSITS. The Republican party went wrouf on the bank guaranty proposition be cause the interests that control i' would not let it be right. Having gon< wrong it stays wrong and is forcing some of its leaders to stultify them selves and deny their own convictions Take the case of Congressman Fowler

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1. it would prevent runs on hunks. 2. It would do more to restore confidence and revive business than any other scheme suggested. 3. Because there is no guarantee for one-half of the deposits, as banks now do business, except the Integrity and business ability of the banker. 4. No man can he expected to de posit money In a bank without a feel ing of absolute security. 5. Because all the bankers in this district witli whom he has communicated on the subject, and he has been in touch with nearly all of them, fa

vor it.

6. The small per cent a hank would have to pay toward tlie guarantee fund would Ite offset many times by in creased deposits. 7. It would render next to Impossi ble a panic like the one through which we are now passing. I am always amazed at the lucidity with which a Republican can argue In support of a Democratic proposition, when he champions it. What a world beater the average Republican orator would he if he had under his feet a whole Democratic platform. Governor Hughes could state only three objections to this plank, while Mr. Landis without any apparent effort, stated seven reasons—ail sound. I submit—in support of it. Minors Can Buy Whisky. There has not been an election In Indiana since 1822 at which the Republican party did not receive the solid support of the liquor and brewery interests of this state. Anyone calling this statement In question discloses his ignorance or want of sin cerity These influences have helped to elect Republican presidents, Rppub Mean governors. Republican United States senators and Republican state tickets, and yet Republican leaders have always managed to have a smile for the temperance advocate. They have smiled upon him while they have had a hearty hand for the saloon champion. True to their methods in the past, they are now seeking to make a campaign asset of their party’s liquor legislation, while they continue to hold on to the hand of the saloon

keeper.

I am not charging or intimating that there has been no good legislation on (he liquor question while the Republicans have controlled the legislature, for such a statement would not be warranted: but I do charge that while (he Republican party professes to he the gn at champion of temperance, Its leaders and managers have constantly striven to placate the liquor Interests and hold them In line for Republican

tickets.

But while i have conceded that there lias been some proper legislation on this subject by this party, it does not follow that all its liquor legisla tion should ho approved. Everyone recalls the demand of the people for blind tiger legislation at the last regular session of the general assembly of our state, and that It was at that session that the law, known as the blind tiger act. was enacted. Section 13 of that act relates to sales of liquor by druggists and makes it unlawful for a druggist to sell or give away intoxicating liquor, except on the written prescription of a reputable physician engaged in the active practice of his profession. This act was approved Feb. 13, 1207. It proved to he an unpopular act. Druggists and liquor men generally denounced It anfl the leaders of the Republican party hastened to make peace with them. To appease their wrath the same leg Islatnre enacted the law known as the Beardsley act, which contains no omer gency clause and which was approved and went in force March 16, 1907—one month and three days subsequent to the approval of the blind tiger act.

chairman of the house committee or banking and currency. He is now quot ed as saying that the proposition tc guarantee hank deposits is a “prepos terous and ridiculous scheme.” And yet it was only the 8th of Iasi January when Mr. Fowler introduced In congress a bill "To establish a sim pie and scientific monetary systeu -• • and to guarantee all deposits,’ etc. On January 27 Mr. Fowler mad< a speech in favor of his bill in which

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! I North College Avenue, ;; South of the Railroad Tracks

among other things, he declared thai

the guaranteeing of deposits was nee essary to ‘‘prevent panic and the hoard Ing of money.” Answering the verj objections that Republican writers ant speakers are now raising, Mr. Fowlei said: “Mr. Chairman, the oldest bank pres Ident in some town, or possibly ttu president of the largest bank in sonu town, may say that he will not havt the advantage in the future to whtet he believes himself entitled if deposit! are insured; therefore, there will b< two classes who will oppose this prin ciple. Rut banks, like other buslnesi Institutions, will gain not by mere agt and respectability, or by mere bulk o: capita], but rather by ability to meei the requirements of their customers Square dealing and capacity will tel for just as much after deposits art guaranteed as before.

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C. H. BARNABY I

• “Mr. Chairman, is it not too high i price to pay to lay upon the altar ol some man’s ambition all the business Interests of this country and still con tinue the habit of panics, the destruc tion of credit, and waste of business’ On the one side there is personal am bition, vanity, the supposed advantagt to a few hundred men; on the othei side, millions of depositors with six teen billions of deposits to their credit in our banks and the families of 20, 000,000 American tollers. Which side shall we choose? Where does the duty of congress He? "Mr Chairman, so far without a sin gle exception, I have proved to mj own personal satisfaction, actually ane morally, that these objections to tht guaranteeing of deposits have comt from distinctly selfish motives. Thest I assert must yield to the greatei good.” The only explanation of Mr. Fowler's present attitude is that during the cam palgn he Is talking merely as a Repub lican who feels bound to support a hat! platform, while last winter he was ex pressing his honest opinions. CRITICISE THEIR OWN PLATFORM "In all tariff legislation the tru» principle is best maintained by the im position of such duties as will equa! the difference between the cost of pro duction at home and abroad, togethei with reasonable profit to American in dustrleg.”—From Republican Nations Platform. The above is a part of the tarlfl plank of the Republican national plat form. But getting ihe Idea from sonu source that it was pr rt of a speech bj Mr. Bryan, two Republican newspa pers, the Omuha Bee and the Portland Oregonian, declared that the proposi tion was meaningless and absurd. One of these papers said that "never will there be any genuine reform of the tariff upon the principle stated above by Candidate Bryan ” As Mr. Bryan did not state this "principle,” but the Republican party did state It In Us platform. Democrats will agree thal there will never "be any genuine re form of the tariff” tinder it. They will also agree that the Republican partj does not Intend to bring about "anj genuine) reform of the tariff” or of any thing else.

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