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PORTLAND. TIK.SDAV. OCT. 17. 1908.
UMilTLMATE USE OF INJINCTIOS.
Taffs speeches on the injunction
are unanswerable. Nobody has at
tempted to answer them. He has
,hwn that Injunction Is a remedy for
protection of all sorts of the people,
the poor man as well as the rich man,
and moreover, should it be abandoned
or destroyed, the poor would be
greater sufferers than the rich. It is a
measure of equity, devised as such,
centuries ago, and continued to the
present time. It has its roots, indeed,
in ancient Roman law.
Injunction simply means that an in
jurv threatened by one person to an
other, shall be inhibited and estopped,
till the cause between the parties
shall be heard. But if the court, or
dering this stop or forbearance, in
making this injunction, has no power
to enforce its order, the proceeding
becomes a farce. -Call for a Jury
trial In each case would be a farce
also: for the point at Issue is not the
Injunction, but the threatened injury
to the rights of person, property and
business. This Is the matter to be
examined. The person enjoined is
simply to abstain, till the cause shalJ
be heard. Then the Injunction may
be dissolved, or continued, according
to the facts, as they may appear. Bui
an Injunction is no injunction if It
may be disobeyed. If a court has no
power or right to enforce Its orders it
may as well go out of business.
Better.
Gompers. in a recent appeal to those
whom he assumes to represent, said
the Democratic party had "pledged
its candidates to those remedies
which labor had submitted to Con
gress'." Better know Just what this
means, and know it now.
It has been stated both by Taft and
Roosevelt in clearest terms. First,
the right to carry on a business, peace
ably, and without molestation, is not
to be regarded as a personal or prop
erty right In law, but may be attacked
by an Individual or association, and
the courts shall have no power to is
sue an Injunction against it. Sec
ond, that the boycott shall be legal
ized oi what comes to the same
thing shall not be restrained; which
would legalize the use of the black-list
by employers, as well as the boycott
of goods and business by the work
Ingmen. These things, it has been made
clear, are Just what the Bryan plat
form moans. But they are Indefensi
ble. Neither Bryan nor (Jompers at
tempts to defend them. They answer
by roundabout phraseti that Is, by
equivocation.
Injunction is no restriction on law
ful liberty. It is simply a restrain
ing order, carrying no penalty, so long
as It is observed; and it can last no
longer than each case shall be ex
amined. On all sides it is agreed that
each case shall be examined as speed
ily as possible. But if men refuse to
obey the Injunction, and proceed in
their purpose and course in defiance
of the injunction, then they are liable
to arrest; for the court must assert
and maintain it authority, or cease
from pretension to authority. De
mand for a Jury trial then would ig
nore the whole claim or case before
the court. It simply would be a
farce.
It is not conceivable that that great
body of the working people of the
country wish to make a demand for
any favor to themselves that is not
conceded to all others. It is admit
ted that injunction cannot be abol
ished. But are exceptions to be made,
in the application of it? This Is just
what the Bryan platform demands.
It is the substance of the Gompers
reply to Taft and Roosevelt, printed
today. Bryan's effort in this behalf
Is merely one form of his bid for
votes. This insatiable desire runs
into every extreme of error, in one
effort after another on his part to
reach the PreslJa-ncy.
THE OCEAN'S TOIL.
The enormous toll annually exacted
from the merchant marine of the
world by loss at sea and retirement on
old-age account is shown in Lloyd's
shipping casualty report for tho first
quarter of I 90S. In that brief period
there were totally lost or condemned
8 steamers of 112.991 tons register,
and sailing vessels of 5.1.0-5 tons
net register. Nearly all of the steam
ers were of steel and iron construc
tion, but among the sailers the
greater part of the tonnage was
wooden vessels of comparatively small
size, many ancient American wooden
craft being retired. In the steam
vessels Great Britain, which "has fed
the seas for a thousand years.", still
leads all other nations by an over
whelming percentage, practically one
half of all the steam tonnage that
disappeared during the three months
being under the British flag.
The particulars of these sea trage
dies as reported by Lloyd's are almost
brutally brief, for even the loss of
life is not mentioned in the stereo
typed tonnage report made by the
world's greatest authority on shipping
matters. Between the lines, how
ever, it is easy to read of the suffer
ing and death due to storms, tire or
reckless navigation. Modern inven
tion and the Improved skill of man
have minimized the dangers of the
deep, but so long as ships sail the sea
there will arise emergencies beyond
the control of mankind to meet.
The great trans-Atlantic ferries
running In regular "lanes." and thus
practically immune from collision, will
probably never again supply us with
such tragedies as have occurred on
the Western ocean In the past, but
the tramp steamer, the commerce
carrier of the world, which steam's
on the seven seas, and is equally at
home threading the coral reefs of the
tropica or the Icebergs of the North,
will for many a year continue to be
the prey of the elements and the vic
tim of the errors of Judgment against
which it seems impossible to guard.
ROOSEVELT AGAIN' IX
It Is being widely printed that
there are some 23.000 voters in New
York, mostly business men, or allied
to them, who, though Republicans,
hesitate to vote for Taft because he
is "Roosevelt's man." They are down
on Roosevelt and Roosevelt policies.
The story Is, chimerical, but it is be
ing bravely exploited by the Dem
ocratic press as disclosing the real
attitude of New York, or rather the
"business men" of New York.
The "business men" of New York
who are bitterly opposed to Roosevelt
all belong to WaH street, of course,
They don't like him. The Roosevelt
noiicioe "hurt business" that is to
say, their business. Therefore, they
are going for Bryan. So we hear.
But are they? They are not. They
know better. Wall street knows that
the surest way to get Roosevelt again
Is to elect Bryan now, for if Bryan
shall be elected now, who can doubt
that there will be everywhere an
overwhelming demand for Roosevelt
as the Republican nominee in 1912?
VIi can doubt that if Roosevelt
should then be nominated he will be
elected, not only once again, but per
haps twice?
The other day the New York Herald
wrote letters to all members of the
Stock Exchange, asking them as to
their Presidential preferences. The
result: Tnft. 895: Bryan 6. It- is
not perhaps a first-class advertise
ment for Taft that the New
York Stock Exchange Is for him. but
the reason is. of course. obvious.
They don't want Roosevelt again!
IDENTIFYING PERSONS ACCl'SED OF
CRIME.
Over at New Westminster, B. C, a
little girl was called as witness at a
murder trial to identify the slayer of
her mother. The accused man was a
negro. In order to test the accuracy
of the girl's identification the trial
Judge had another negro placed In the
box in place of the defendant. The
girl positively identified him as the
man who did the killing. The attor
ney for the prosecution protested .that
the girl had been tricked, but the
judge declared that this was a fair
test of her credibility as a witness.
The trial judge was manifestly
right. The sole purpose of calling the
girl as a witness was to secure her
identification of the defendant as the
slayer of her mofther. As she "was
the only person who saw the killing,
her testimony was all-Important in
the determination of the guilt or inno
cence of the accused man. It was
therefore absolutely essential that her
accuracy be tested, and the test was
an effective one.
There is no doubt that hundreds of
negroes have been lynched in the
Southern States upon Just such identi
fication as the girl was ready to give
in the British Columbia case. Quite
likely many convictions have been had
In many states after regularly con
ducted trials. In this city not many
days ago a witness pointed .out the at
torney for the defendant as the crim
inal, and if her testimony alone had
been necessary to determine identity,
the attorney might have been convict
ed, though he.was not near the place
of the crime when It was committed.
It is nothing uncommon to see wit
nesses identify property when if other
articles of a similar kind were sub
mitted for Inspection they would quite
likely be identified as promptly and as
positively.
The lesson of the British Columbia
case is that witnesses for identification
should be sure they are right before
they.testify. A reasonable test should
.be made to determine the value of
their testimony. In a large major
ity of cases attending circumstances
go far toward establishing the iden
tity of a criminal, but , where the
Identification rests solely upon the
testimony of one who was excited at
the time of the commission of the
crime and who is embarrassed at the
time of the trial, great caution should
be exercised In giving weight to the
evidence. Where other circumstances
point to the defendant as the guilty
person, a weak identification may be
sufficient, but where the Identifica
tion stands alone there should be no
doubt as to the accuracy of the wit
ness. WHY FAK.UERS Sl'PPORT BRYAN.
The cross of gold and the crown of
thorns are not the only stage settings
that are missing from the "properties"
carried by the Bryan show now tour
ing the country. When the star per
former started swinging round the
circle in 1896. "50-cent wheat" was
sharing the honors with 50-cent silver.
The ridiculously low price of both of
these commodities was, of course,
traced to the "crime of "73." Among
the visitors at a" Taft meeting in Indi
ana a few days. ago was a wealthy
farmer who came to the city In his au
tomobile and Informed Mr. Taft that
when he came to hear Bryan twelve
years before he was obliged to ride in
on a mortgaged mule. The wretched
condition of the farmers, due to the
low prices and poor crops, gave the
boy orator of the Platte an opportu
nity to stir up trouble among the
owners of mortgaged mules. Many
a good Republican who has since re
pented was led to believe that wheat
and silver were the Siamese twins of
trade, and that maintenance of the
gold standard was responsible for the
low price of wheat and other farm
products.
This political vagary extended be
yond the domain of mortgaged mules
in Indiana. Out here on the Pacific
slope we had our own "Wheat-Chart"
Jones, who was actually elected to
Congress from the State of Washing
ton because of his ability to prove by
figures printed on a chart that wheat
and silver advanced and declined sim
ultaneously, and that the cross of gold,
pressed down on the silver mineowner,
was also bearing hard on the wheat
grower. Time works wonders, for
perusal of the market reports during
the Bryan campaign of 1908 in com
parison with those for the same period
during the, Bryan campaign of 1S96
explains why it is no longer possible
to stampede the farmers with the pop
uiistic theories which formed the
Bryan stock in trade a dozen years
ago.
When the Indiana automobile ag
riculturist rode into town on a mort
gaged mule to hear Bryan talk twel-e
years ago. the 1896 wheat crop "was
moving to market at prices ranging
from 53 to 56 cents in August, up as
high as 65 's cents In October. Dur
ing the same months this year the
cash price in "hlcago has ranged from
SI. 05 to SI. 19 per bushel. In An (rust
and September, 1896. com was selling
in Chicago at 19 H to 224 cents, and
In October soared up to the dizzy
height of 26Vi cents per bushel. This
year for the same months the price
has ranged from 75 cents to 83 cents
per bushel. The "mortgaged mule" of
1S96 probably secured plenty of oats,
for throughout August and September
of that year they were selling at 14
to 17 V4 cents per bushel, and in Oc
tober reached a maximum height of
19 cents. This year the price has
held fairly steady over a range of 4 7
to 62 cents per bushel.
Even In 1900 not all of the political
buncombe of this "wheat and silver"
ammunition had been exhausted, for
the premier cereal was selling around
70 cents per bushel, corn was 37 to
46 cents, and oats from 21 to 22 hi
cents per bushel. But, notwithstand
ing the low prices and attendant dis
satlsfaciton of 1896 and 1900, Mr.
Bryan was unable to stampede the
farmers, and. as he failed then when
they were riding mortgaged mules, it
may be regarded as a certainty that he
will meet with no greater success now
that they are riding in automobiles.
A QUESTION OF EXEGESIS.
The question what the Man of Gali
lee really meant by the new com
mandments he gave the world Is of
more than merely speculative inter
est. On his human side he was a
man of extraordinary intelligence
who had profoundly meditated the
problems of life. The entire course
of his personal conduct was singular.
Nothing that he did was usual or com
monplace. It stands to reason, there
fore, that his ripe conclusions upon
our duties to each other and to society
must have been something more than
platitudinous evasions. The authori
ties of his day looked upon him as a
revolutionary character and put him
to death on that account. By elim
inating whatever is startling from his
commandments we have reduced him
to a commonplace figure. We have
made him a defender of things as they
are, but the position is at least plaus
ible that it was his own purpose to be
a prophet of things as they ought
to be.
To take his five commandments lit
erally requires a good deal more faith
than such a preacher as Dr. Brougher,
for example, seems able to muster up.
With a facility nurtured by long ec
clesiastical practice and infinite pre
cedent he glibly explains away the
commandment "Swear not at all" and
very likely he gets r'.d of the other
four Just as readily. Still there are
people in the world who believe that
the Savior fully realized the purport
of his words and intended their con
sequences. If it would destroy soci
ety to obey them, then, says Tolstoi
for instance, clearly he wished society
to be destroyed and rebuilt tri a bet
ter way.
Our facile pulpit expositor, by seek
ing the meaning in the context Instead
of the text, makes "Swear not at all"
mean "Swear on all occasions when it
would inconvenience you to refuse to
do so." Would, the Master recognize
his own precept in this paraphrase of
it? Similarly our pulpit teachers strip
the heart out of "Resist not evil" and
the other commandments. Tolstoi,
who has meditated more deeply on
this subject than any other first-rate
man of our times, specifies Jesus
Christ's five commandments to be,"Re
slst not evil, swear not at all, impute
no bla.. to others, judge not, divorce
not." A hasty reader might suppose
that the third and fourth meant the
same thing, but not so. "Judge not"
means, according to Tolstoi, that we
are forbidden to sit as judges in court.
Indeed, since the Master forbade his
followers to go to law. much more
would he forbid them to be lawyers
and Judges, one may suppose.
Of these five commandments by
which the Man of Sorrows dreamed
that he might create the kingdom sit
heaven and which Dr. Brougher so
easily transforms into trite platitudes
that mean nothing at all, Tolstoi
thinks 'Resist not evil" by far the
most Important. The effort to' obey
this commandment has been curiously
fascinating to many religious persons,
but not more than a few have suc
ceeded. Perhaps the most poignant
scene in "Les Miserables" Is the race
of the poor priest to catch the thief
who had stolen his silver candlestick
and give him the mate to it. Obedi
ence to the commandment is so rare
that it overwhelms us with its tran
scendent beauty. We call it godlike
and proceed to excuse our own disobe
dience by proving that the Master
meant the contrary to what he said.
It is noteworthy, however, that the
moderate progress we have made in
the treatment and cure of criminals
in the last century is along the line of
returning good for evil. Instead of
perpetrating cruelties upon those who
commit crime, we are beginning to re
strain, to educate, to uplift them.
Our Juvenile courts, scientinc char
ity, . prison reform, all indicate that
society actually finds obedience to the
Master's first commandment salutary
instead of destructive. It would be
interesting to see somebody, prefera
bly a minister, try how it would turn
out to obey one of the others.
WORLD'S GREATEST LUMBER SUPPLY.
Another big sawmill site has been
secured on the Columbia River, a few
miles below Vancouver, by Washing
ton people who contemplate building
and operating one of the largest mills
on the Pacific Coast. The transaction,
coming at a time when most of the
great mills are not running to their ca
pacity, is evidence of a strong faith
in the future of the lumber Industry.
It Is also remindful of the fact that
in the not far-distant future there will
be In operation along the shores of
the Willamette and Columbia Rivers,
from the confluence of the two
streams as far up as Vancouver and
Portland, a large number of the great
est sawmills In the world, and this
city 'will be famous wherever lumber
Is sold as the one great market for
that staple. There will be plenty of
other mills above and below these lim
its, but it is within the comparatively
small boundary mentioned that Port
land will doubtless become famous as
the world's greatest lumber port.
There are many Influences that will
combine to bring about this result,
but the one which overshadows all
others Is the admirable location of
the port at the head of deep-water
navigation and In such close proxim
ity to the raw material for lumber
manufacture. The immense forests of
timber lying between Portland and the
Pacific, as well as others lying farther
south, are all tributary to this city.
Pending completion of the Panama
Canal, which will give the lumbermen
of this Coast access, with low freight
rates, to the markets of the Atlantic
Coast and Europe, the Inroads on this
virgin timber belt will be light; but
with completion of the canal there will
come an immense demand for this fine
timber, and it will be cut at the near
est point to which the ocean carrier
can be brought. The excellent mar
ket for slabwood and sawdust in a big
city is also of decided advantage as
compared with the Interior, where
there is no demand for this valuable
"offal."
This city has already become one
of the great railroad centers of the
Coast, and the rail lumber trade, even
in dull seasons, far exceeds that which
roes foreign by ocean. This rail trade
will continue to increase, but It will
always be worked to the best advan
tage where It can be handled in con
nection with the ocean business,
which as a rule requires a different
class of stock from that handled by
rail. Our agricultural development is
progressing quite satisfactorily, but a
dozen years hence the lumber busi
ness will stand at the head of our in
dustrial column,..and the annual out
put of the Columbia and Willamette
River mills will be of immense pro
portions. There are a great many
miles of waterfront on both sides of
the river between Portland and Van
couver, but it is not at all improbable
that in less than ten years practically
all of the desirable millsites along
those streams will have been secured
by sawmill men, who in time will do
a big business In timber that is now
Inaccessible.
It is impossible to estimate In
money values the direct tangible
profits to a country which result from
the earnest and well-directed work of
a man like Richard Scott, who died at
MUwaukle yesterday. Mr. Scott ar
rived in Oregon some years after the
trail had been biased by the early pio
neers, but he was one of the most
prominent of the pioneers In the art
of Improved farming . and dairying
methods. His efforts to improve the
stock standards of this state have been
most Important factors in the present
success of the industry. ' Mr. Scott
was something more than a practical
farmer and dairyman; he was known
and respected all over the Pacific
Northwest as a public-spirited, enter
prising citizen, untiring in his efforts
for the advancement of his state. In
the death of Mr. Scott Oregon has lost
a good citizen, a tireless worker for
the general good, and an enterprising
farmer whose work In the community
and state will not soon be forgotten.
This precious dispatch came by As
sociated Press yesterday, as part of
the report of the Bryan campaign,
to wit:
When William J. Bryan entered the Astor
Gallery at a reception of. the Woman'a dem
ocratic Club at the Waldorf-Astoria today,
he was kissed by two women In the pres
ence of nearly 700 others, and narrowly
escaped the embrace of a third. Mrs.
Bryan was present. Mr. Bryan displayed
some embarrassment.
It is typical of the Bryan cam
paign: for Bryanlsm .is emotional,
silly, foolish, hysterical, womanish. It
lacks masculinity; it skips over the
facts; its reasons are its palpitations:
it dwells In Nephelococcygia, or in
Lagado. capital city of Laputa. It is
troubled, as Mrs. Mantalini was, with
"oversoul," and lacks common sense.
It always was so troubled, and always
will be. Tears,- embraces and kisses,
and some shrieks. But Mr. Bryan was
embarrassed. Probably because Mrs.
Bryan witnessed the scene.
It is strange that after spending sev
eral hours on a train many people
will try to save a minute at the end
of their Journey by getting out of their
seats and crowding upon the car plat
forms before the train stops. Most
people who travel have grips or
bundles to carry and as a conse
quence they find difficulty in keeping
their balance when the train stops.
It is a wonder that more accidents do
not result from this practice. The
experience of the Central Point girl
who fell from a train while standing
on the platform should be a warning
to others.
A Tokio dispatch says that "the so
called insurrection in Corea is practi
cally ended." It is further explained
that peace is so nearly restored that
two-thirds of the troops will be with
drawn in a few days. In the peace
restoration plan It is quite apparent
that the Coreans have become paci
fied by the same plan as was adopted
by the lion and the lamb when they
sought repose together. Japan In this
particular case plays the part of the
Hon, with the Corean lamb inside.
Westward the course of the city,
like that of empire, "takes Its way."
When the Arlington Club moved to
Its present quarters it was thought to
be well beyond the limits of trade
encroachment, and now, owing to the
rapid growth of the city, it is closer to
the trade center than the old quarters
were when they were abandoned.
Portland Is following a policy of ex
pansion. Since Oregon will repudiate Bryan
and Democracy by between 10,000
and 25,000 plurality, it may be In
order after the election to let the
people rule and work the recall, as to
the United' States Senatorship, on
Chamberlain.
Are our wise Democratic friends
making themselves unwise by assert
ing that Bryan has a chance of carry
ing Oregon? Not unless he has a
chance of carrying Vermont also.
See Romans 1:22.
The reform element In Reno, Nov.,
was defeated at the recent city elec
tion and the city will continue to be a
wide-open town. But people do not
hare to go there to live unless they
wish.
Perhaps Hobson's cool reception in
Astoria was due to the fear that if
his man, Bryan, should be elected
President, the Navy would not be
strengthened to defend -the harbor.
Two foolish women kissed Bryan
yesterday at his New York reception.
Mrs. Bryan iwas present. "Mr. Bryan
showed some embarrassment," says
the news account naively.
There seems to be no way to compel
conservative banks to guaranty depos
its in reckless or wildcat banks. Then
what's the use to worry about bank
guaranty?
Yesterday Chairman Mack claimed
Oregon and Washington for Bryan.
Now you may guess what his "claim"
of New York and Ohio may cqme to.
The Oregon law forbids anybody to
make a political speech on election
day, but maybe that will afford us
some relief
The landowners who offer sites for
the new home of the Arlington Club
may be remembered by the Assessor
next year.
Somehow the people do not believe
with Chamberlain that there should
be no politics in next week's election.
It is not likely that the Chinese will
sing "My Country, 'Tis of Thee"; they
have no hopes of annexing; America.
HERE IS OVE MORE STRAW VOTE
scattering; Sentiment Over Country la
Sbewa to Be for Taft.
Below Is shown the result of a straw
vote on the Presidential election, con
ducted by The Literary Digest, of New
York. The publishers inserted a blank
vote in the periodical and requested their
readers to fill in their choice for P--esl-dent.
In addition thousands of circulars
were mailed to voters in every section of
the country. The Literary Digest is
absolutely non-partisan, and fully 95 per
cent of its readers are of the professional
classes preachers. bankers. lawyers,
physicians, educators, and high-class
business men and as the circulars also
were mailed only to these " classes of
voters, the result of this straw vote
should be an accurate Index of the trend
of political sentiment among the profes
sions. There were 35.710 votes cast, of which
Taft received 19.324. and Bryan 14,712.
the remainder being split among the five
other candidates. Prohibitionist Chafin
polling 949 or 224 more than the com
bined votes of Debs, Watson and Hisgen.
3 M O 3 X
9 -1 a a1
STATES. 2 5 j ; E J
3 . O 3 a
" a ;
N. E. States. i T T
Maine 292 too 6 1 1
New Hampshire. 127 47) 1; I ! 1
Vermont 14! 4:ii 1 ..( 3; 1
Massachusetts .. TB4 2o:, 22'.. 17 10
Connecticut 30". 4 . 0 . . 3
Rhode Island 03' 18; ..! 4' 2
Middle States. ; . j
New York 2.143 87 t07 2 12S SO
Pennsvlvania ... 1!1 7I'.V .11 1H3 S
New jersey S.18 171 ; 15 . .1 14' 14
Maryland 2.17 310; 5.. JO....
Delaware 42 40 .. 6...
Mid. W. States.
Ohio
1342 74fl 07:. , 3 . . .
S.-ilt 4H-V in! 2 49: 1
1.0.27f 727' .IS) lilll, 10
774' 2i 8. . 411. . .
!574' 82 15:. I 30' 3
flO:t! 2DS l.V 37 1
lso' 1 1 Oi 41.. 7: 1
20."; r. 7 . ., 15' 1
Ml 4'f Rl. .! 33 1
478 il li 4 141 t
.-52: 370I It . .j 17: .
s::e: S5' 4, 1. 32....
1 1
2O0 B23! 4' l! o1. . .
254: 310! :. .i 13 2
12 43j 2.. 4 i
37: 28rt, 3 2l 3 . . .
105' 4:t7' 13l 8 ...
!5' 22"l 3 2 3'. . .
78i 3R2I 5 5 5 2
55: 335; 2 li 4 ...
2!)4' 411' 2;.. 1 2
11X1' 437 i 7 2) 4! 1
114! 27.i: 4 1, 1 . . .
Sll! 3291 1 1
S4.1l 11491 is: 1 8 4
32 378' 12'.. I 1 1
us! 75I 2.. I !...
H7' 55' 2.. 1...
33; 23; 1 . .1 2 ...
343 24!1 10'. .1 .
ms' !;..! I!...
43' 32' 2!.. j 1...
471! 2s' 14: if 2l! 1
. 1S4I 112' 3' I 7...
60: 372; 48l Jl 7' T
Indiana
Illinois
I
Michigan
Wisconsin
Minnesota
North Dakota..
South Dakota...
Iowa
Missouri
Kansas
Nebraska
Fo. States.
Virginia
West Virginia. .
North Carolina.
South Carolina..
Georala
Florida
Alabama
Mississippi
Kentucky
Tennessee
Arkansas
I,ou'siana
Texas
Oklahoma
Plateau States.
Montana
Idaho
Wyoming
Colorado ......
Itah
Nevada '
Pacific States.
Washington ....
Oregon
California I
Totals
10.324'1 4.7121 535I44049 132
While the foregoing table holds out
small hope for Bryan, it Is not entirely
fair. There is no change of sentiment,
and cannot be. In the South. Throw out
the vote in the Southern States for both
leading candidates and the total will be:
Taft, 17,432: Bryan, 9038.
DEPOSIT GIARAXTEE WORTHLESS
How Can One Bank Protect Another
Bank Against Dlaboneatrf
Editorial in Collier's Weekly.
Mr. Bryan's scheme, which he calls a
guarantee. Is an insurance proposition,
and It is entirely mutual In its nature.
The Government does not stand back of
It. There are no stockholders who
pledge their resources. There is nothing,
except a certain definite and limited fund.
This fund is to be used to insure risks
which are not selected. It Is to Insure
all alike, good or bad, and all at the
very same rate. The real working of
the scheme amounts to this: The
stockholders of an Indiana bank guaran
tee that the assets (which they are not
allowed to seeX of, say, an Idaho bank
are and shall continue to be good; and
that the directors of the Idaho bank
(over whom they have no control) shall
always be men of rectitude and sound
judgment.
Mr. Bryan thinks that this little idea of
his will prevent panics. In 1893 the ex
istence of a gold fund to guarantee pay
ment of Government currency In gold
many times larger proportionately than
the deposit guarantee fund would be
was of no avail in preventing a gold
panic. In 1907 a currency and specie
reserVe fund in the National banks, equal
to about 13 per cent of their deposits, did
not prevent one of the most frantic cur
rency panics in the history of the Na
tional banking system. What reason Is
there to think that, in times of stress
and uncertainty, a fund of a few mil
lions to guarantee deposits of $13,000,
000,000 would have any more reassuring
effect? The scheme is worth little or
nothing as protection. It would greatly
Increase the number of failures by the
encouragement of reckless banking. It
would not help to meet panics. It would
help greatly to bring them on.
Democrats Hold Him Responsible.
Pacific Outlook (Grants Pass).
Our George offers a well-worded ex
cuse for not getting out and taking the
stump for Bryan, but the gist of which
is that the office of. Governor belongs
to the whole people, and should not be
used to further the Interests of one
party at the expense of another. That
is to say the Governor should always
and everywhere be a non-partisan. This
sort of talk may fool some people, but
not a great many. The way the Gov
ernor has been hustling and boosting
in a quiet, diplomatic way for an in
crease of the Democratic minority is
evidenpe enough that the non-partisanship
of Mr. Chamberlain applies only
to the matter of making stump
speeches. And even In this ethical po
sition he is not universally approved by
the Democracy, who would far rather
he would get out and show his devotion
to the cause by whooping it up for
Bryan than to stay under cover and
manifest a regard for the dignity of his
office. In fact, a prominent Portland
Democrat went so far as to state that
if the State of Oregon goes for Taft,
the responsibility will rest solely upon
Governor Chamberlain.
Vn Kyoln Wllllngton Koo, Athlete.
New Tork Dispatch.
Vu Kyuln Willington Koo has been
appointed editor of the Dally Spectator,
tfie Columbia University newspaper.
Koo. according to Professor Beard, Is
the most advanced Chinese of his age
with whom he has come in contact. He
speaks English without an accent, is a
fluent writer of English and a student
of American politics. He is also an
athlete.
Bnilda 60-Foot Spite Fence.
Baltimore News.
To prevent her business rival, and the
owner of a ftathouse which adjoins her
property on the rear, bothering her by
looking into her fiat on the top floor of
her five-story apartment-house, accord
ing to her story, Mrs. P. Mallshow, of
Boston, has built a 60-foot spite fence be
tween her flathouse and the property
owned by Mrs. John Piscopo.
Uneconomical Theft.
Pomeroy (Mo.) Tribune.
The editor of this paper deaires publicly
to thank the persons who stole his cucum
bers over In Mason the other night not
for dealing- particularly, but for what said
person left behind. The purse found among
the vines next morning, containing three $1
bills, a silver dollar, a half, and two quar
ters, very fully paid for the eucumbera.
Thanks. Call again. More cucumbers hava
baea set out.
WHY CANT WE HAVE
Wnat This Country eda Is Not Mr.
and After TMa Date There
PORTLAND. Oct. 24. (To the Ed
itor.) Was there ever an economic
theory of Mr. Bryan's that was sound?
His new deposit guaranty Is plausible,
however, as a vote-catcher, If he Is
fishing Xor thoughtless voters among
our 15.000.000 depositors.
In supervised National banks, there
is little need, for as Mr. Bryan admits,
the loss is infinitesimal however much
it may be In state and private banking.
Taxing National banks to pay their
own losses might be trifling, but for
them to be repeatedly assessed to pay
losses of all other "banking institu
tions wishing to avail themselves of
the scheme," would pull down National
banking to thelp level and probably to
ruination but then Mr. Bryan never
did have moch love for National banks.
His plan to protect careleaa or nn
fortannte depositors is vlslonary "
Just and unsound.
If depositors wish insurance there is
nothing to hinder their buying and
paying for it as they do fire or life
lnsuiance. They can also require se
curity now. They surely do not, in
their selection of deposit banks, ask
that all other banks that get none of
their deposit or have no control over
its use. nor any pay, guarantee them
from their own foolish selection of
deposit banks. Do they demand that
all their neighbors shall reimburse
them for their unfortunate loans In
the neighborhood? A deposit is but a
loan payable as agreed.
Bryan's scheme is to tax all honest
bankers to pay the debts of the bad
-wishing" to use the "system." Of
coarse, all dewtarnlna; bankers would so
slah. And how beautifully defraud
ing banking Institutions could adver
tise mat they are "guaranteed" and
are "as good as the best" "come and
deposit with us" "we pay the highest
interest," etc. Aa halt for uulllble
depositors, and a promoter for deposit
carelessness. It would take the pre
mium. Advertising banks, even in Okla
homa, know a good thing when they
see it. Though now on their good
behavior, they advertise, as shown on
their cnecks and bank papers, "De
posits Guaranteed," "Guaranteed
Banks." No better bait needed to draw
the money of the heedless.
Nor is there a more deceptive scheme.
They say if good banks are taxed to
pay deposits of all bad banks, the good
banks will be alert to- discover the
condition of bad banks. Good banks
have enough to do to manage their own
affairs without trylna; to run all in
competent, speculative, or dishonest
banks.
A Portland bank can't oversee loans
in Tallahassee, or embezzling clerks in
Pawnee. No system could be a success
based on the idea of making each bank
liable for the faults, mistakes and
crimes of all banks It can't control.
Fine thing It would be to .make an
honest bank In St. Paul have Its first
assessment used to pay loss through
an embezzlement in Corpus Christl, or
a pi-udent banker In Louisville to put
up its second assessment for loss by
bank robbery in Medicine Iodge, or a
conservative bank in New York to dig
up its third levy on account of loss in
Boonevllle from speculative loans In
Wild Cat Park, or Investment in a
gold-brick mine in Buncoville. .
Why not require all doctors to guar
antee against all Injury from quacks,
or all speculators guarantee against
loss through any speculation? Let's
have guaranteed warehouse deposits
against everything including the
warehouse rat. How would a guardian
do for depositors who can't tell a good
bank from a bad one? It might . be
cheaper than guaranteeing them from
their mistakes. ,
No bank would be safe that never
could know the extent of Its liability
in future assessments to pay defalca
tion losses everywhere. Nor would its
depositors be safe. And the more a
sound bank has at the start, the more
it will be taxed. What will be the out
come of such Bryanism? All men ought
to see the danger, but some can't
they have caught It so badly. It may
have to run its course.
. .
Bryan guarantees that It will pre
vent panics. He is as cocksure of this
as of 16 to 1. But neither Mr. Bryan
nor any other political medicine man
has a patent on panic preventives.
More likely his panacea, if taken, will
involve our National banking system,
dragging it to the level of "all state
banking institutions wishing to use
it," and help on the panic Bryan guar
antees it will prevent. Whenever de
positors are alarmed from conditions
generally they will want to try it on
will want to find out how the thing will
work will want to see the color of their
money and that "p. d. q."
Will it be forthcoming? Let's see:
The proposed deposit levy on all the
$13,000,000,000 of present deposits
would produce a cash guarantee re
serve of about $14,000,000. To pay off
$13,000.000,0., it would soon use up
the $14,000,000, and leave just' $12,986,
000,000 unpaid. The reserve wouldn't
be a drop In the backet to stay the
panic. A reserve many tlmca that, In
New York alone, didnt prevent the re
cent panic. The worthlessness of the
small guaranty reserve dawning on de
positors, the dive will be made for the
first grab. First come, first served:
and when they demand their money and
it is not forthcoming instanter, they
wlfl think little of the Bryan guar
anty. Prevent panics? Who can be
lieve it?
The only preventives for panic evils
are proper banking regulations, honeat
banking; hy sound financiers, aafe con
ditions of the country, and Jadgment
and horse sense tn the people. y
a
The man who can guarantee against
panics hasn't been born. There will
be panics even if each depositor at first
-feels reasonably safe: just let condi
tions be ripe, or thought so, and con
fidence going-, and depression coming
on, and there you are.
A better preventive might be to
enact law that from and after date
there shall be mo panics.
The greatest part of bank deposits
is not cash but mere credit. Confi
dence in general business conditions
carries It, but must all banks be made
to carry all the credit of trie country's
business? Should we nod all assume
our share In the public burden?
Mr. Bryan says that his deposit
guaranty is Democratio policy. Where
UNIVERSAL GUARANTY?
Bryan's Panares, but a I.nw That on
Shall Be No More Panlea.
is there a Democratic state outside of
wild and woolly Oklahoma that has It.
New York, Vermont and Michigan each
tried something of the sort. but It
failed and all went up in the first panic
that came along, that of 'lS37.
A part of the misinformation float
ing around Is that deposit guaranty Is
a success In Canada. Not a word of
truth In It. Somebody mistook thplr
note circulation security for deposit
security and started the political yarn.
It is said there Is little loss of deposits
In Canada. That is true, but It is
due there (as in our National banks)
to their excellent Canadian banking
and regulation.
But Mr. Bryan tells us that it is a
brilliant success In Oklahoma for half
a year. He says "that In six months
not a dollar has been lost." Wonder
ful that this scheme hasn't "busted" In
six months! A mere experiment In
peaceful times with upward trend,
held up with popular hurrah, and aid
ed by changes of deposits of publlo
funds from sound to "guaranteed"
banks by state officials Haskellzed
padded, as It were. Of the talk of the
vast number of National banks there
that were g-olng to become "guaranteed
banks" we have heard of only two that
materialized. Bryan points with pride
to this change of deposits to these
"guaranteed banks." Was It because
National banks were unsafe to hold
deposits? Certainly not! Even Mr.
Bryan admits the loss all told Is merely
fractional. and In sound National
banks, none at all. No, that Is not It.
Governor Haskell must remove publlo
funds to pet banks so that they can
advertise It everywhere that their de
posits are increasing as "guaranteed
banks."
a a
Our latest advices are that this sys
tem Is already breeding Incompetent
bankers In Oklahoma. Of course. Na
tional banks, as such, could not coma
into the Oklahoma or any other state
scheme. National banks cannot, under
law, or in sound banking business,
guarantee all future unknown liabili
ties of Oklahoma state or private
banks. Even children ought to know
that. Wilful action of National banks
there to that effect would be Just cause
for the forfeiture of their charters.
But now Is a fine time politically to
work the "guaranteed deposit" racket.
The scare of 1907 Is recent, and It Is
expected that voters will swallow the
fresh bait, hook, sinker and all.
But there are lots of us doing all
kinds of other business and we, too,
need guaranty against loss. Why can't
we have universal a-uarantyf One
thlna: ts certain, we do need someone
to guarantee us agalnat any more of
Mr. Bryan's pet projects.
Mr. Bryan well says In one of his
eloquent addresses that Soloman asked
not for riches but for an understand
ing heart, and for wisdom to discern
between the good and the bad. I know
not whether Mr. Bryan asked the good
Lord for riches or not, but It's certain
he never got an understanding heart
to discern the good from the bad in
the political or economic policies, but
got Instead length of days for political
speechmaklng and perennial candidacy
after the Presidency.
M. C. GEORGE.
BRYAN'S DECLARATIONS.
Impressive Warnings That Should Not
Go Unheeded.
From a speech by Mr. Bryan at Knot
ville. Tenn., on October 5, 1906.
If there is any one who believes that
the gold standard is a good thing or
that it must be maintained I warn him
not to cast his vote for me, because I
promise him that it will not be main
tained in this country longer than I
am able to get rid of It.
From a speech by Mr. Bryan In London,
England, on July 12, 1906.
I notice that I am now described by
some as a conservative. . . . I am
more radical than I was in 1896 and
have nothing to withdraw on ec.onomlo
questions which have been under dis
cussion. Cow Has That Dark Brown Taste.
Kansas City Journal.
Dave Leahy has located a cow in
Wichita that goes on a spree. The ani
mal was tied to an apple tree for half a
day. Lying around in the grass were a
lot of wlndfallen apples, and most of
them were overripe. She proceeded to
consume all of the apples that the
length of the .rope and her neck would
permit. In the afternoon the owner of
the cow, a Mr. Skinner, went to the
orchard to bring her home, and found
her lying on the ground, apparently
dead to the world. She was breathing
heavily and snoring. Persistent jabs in
the ribs faileu to arouse her, so a
veterinary was called. After looking
her over the doctor gave this diagnosis:
"The cow, sir, is very, very drunk.
She had eaten too many of the ferment
ed overripe apples. Medicine was ap
plied, and her frequent trips to the
water trough later convinced the own
er that she was suffering from "that
dark brown taste."
Relic of Charles I.
London Telegraph.
The scarlet cloak worn by Charles I
on the scaffold In front of Whitehall
Palace has been presented to the
Mayor and corporation of Shrewsbury
by the Walcot family of Bitterly Court,
Salop. The cloak was secured by Wil
liam Walcot. a Salopian celebrity, who
was page of honor to the unhappy
monarch, and who attended his majesty
on the scaffold. It has been In the
possession of the Walcot family for
'60 years, and was exhibited at the So
ciety of Antiquities In 1861. It is 1n a
splendid state of preservation.
The pope's School Record.
Westminster Gazette.
Everything gets published nowadayi,
and here is publicity given In an
Italian newspaper to an old school re
port on Giuseppe Sarto, now his holi
ness Pope Pius X. He was at a second
ary school at Castlefranco, under a
priest named Amadio, In 1S49: and this
is the pedagogue's account of his com
parative attainments in various sub
jects: Literature, excellent; Italian lan
guage, first of his class: mathematics,
very good; Latin, moderately good.
"Little Folks" in Politics.
Springfield (Mass.) Republican.
The demonstration that Governor
Hughes is a great campaigner was
ample before Lieutenant - Governor
Chanler propounded his questions to
the Governor. It Is overwhelming now.
The way In which the Chanler queries
were promptly and frankly disposed of
must make the Democratio candidate's
head swim. It does not pay for little
folks to tackle "Charles the Baptist.