Jasper County Democrat, Volume 12, Number 39, Rensselaer, Jasper County, 28 August 1909 — THE NEW ACCOUNTING SYSTEM [ARTICLE]

THE NEW ACCOUNTING SYSTEM

The Republicans of Kentucky are holding “rump” conventions with cheerful regularity these days. They were badly split into factions last year when the Taft and Fairbanks forces were fighting for delegates, and they have not gotten over it.

A discussion is going on in some of the newspapers as to when the Republican ivarty began- This is not half as important to the country as it is to know when the Republican party is going to end. In the last generation it has been to the people a hideously costly organization.

Two corporations in Tennessee which manufactured soft drinks and expected to do a big business as soon as the state “went for prohibition,” have gone into bankruptcy. The men who put up the money to back them are firmly convinced, so they say, that "prohibition does not prohibit,” at least not in Tennessee.

A large falling off of bank deposits the Kansas farmers are spending their Republicna paper to the fact that the Knsas farmers are spending their money for automobiles. But last week the deposits in the banks of New York city showed a decrease of over $18,000,000. Are the Neuf Yorkers spending eighteen millions a week for automobiles?

The following is taken from the Cincinnati Enquirer: Indianapolis, Ind., August 21. The J. Frank Manly Social Club is to be organized and incorporated soon at Linton, according to reports from that coal mining center, which recently voted under the county local option law to eliminate the saloons. Now, what do you know about that? And, which is more to the point, what does the Hon Frank J. Haniv know about it?

A Chicago bank has put out a statement in which it is said that “the responsibility for the panic of 1907 lies at the door of the currency system.” Now, isn’t this strange? In 1896, thirteen years ago, the Republican party told the country that it was the only party that knew how to fix up money matters. It was put in charge and eleven years later we had the worst panic in our history, which was due, according to the Chicago bank, to our currency system- >

Ex-Governor Jpseph W. Folk Insists that the tariff should be the big issue in 1912. In a recent statement he said: “I have found throughout the west and northwest great dissatisfaction with the new tariff not only among the Democrats, but among Republicans as well. The people everywhere are awakening to the injustice of 80,000,000 of people being taxed in order to make a few men very rich. The demand now is, instead of protecting monopoly from the people the people should be protected from the monopoly.” All of which will be agreed to by thoughtful citizens, regardless of

party. And the only way to secure a remedy is to send to Washington the right kind of a man.

When the State Board of Accounts gets the new uniform system in operation throughout it will be easy to see its benefits. The board has been organized less than three months, but it has made much headway in laying the foundation for its future work. By substituting simple and understandable methods of accounting and reporting in public offices for the many different varieties now in use, both the officials and the people will be benefited. It Is certain that a great deal of money will be saved to the taxpayers and that the work of the various public officers will be materially lessened. It will take time to get the whole system In w’orking order, but it will pay for itself many times over in a very few’ years. William A. Dehofity, appointed by Governor Marshall as head of the new department, is a careful and painstaking man, thoroughly competent to handle the big undertaking and just as thoroughly conscientious in the performance of his duties. He has asked for the hearty co-operation of all public officers in the w’ork of making a complete success of the new’ system, and it is said that he is receiving it in a very gratifying way.