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About The Scio tribune. (Scio, Linn County, Or.) 1919-19?? | View Entire Issue (Aug. 12, 1920)
9 * ‘A* I *• » % /CJL- publicans are fighting in the league. It is what the America» people want because it will prevent war and there IMI'KO KVKRY THUMDAY HY T. L. t>VOO«a. KtMTO* AMD P«or can be no other plan evolved which . Entered st thè txmtoffice al Scio. will prevent war. It is difficult to comprehend how Oregon sa aecond Haaa mattar. a Taft republican can support Mr. •VWM'RIITION. IM ADVANCB 11.76 •TX MONTHA__________ ___________ 10° Harding. They can’t do so If they are consistent with Mr. Taft’s teach THE SCIO TRIBUNE ADVKRTMINO RATW ’p ♦ !*•*■, • / » ing. lineai advertising per lina Arsi in- *ert l-m ...................... .10 F.arh suho«*iuent insorti'« por line. .06 TWO FINANCIAL SYSTEMS. thsplay sd»-ru»ing First inserti«« per inch ........ .«•••>•• .26 Esrh subsequent inserìion .16 When the Civil war closed there Advertisewwnts «houkl rrsrh this office was nearly or quite as much money not lat»r thsn Tui »day to inauro pubb- eatìon in thè current isaur in circulation per capita as there is All foreign a«jvrrtiscm«nta must he at the present time and the orices pani fé» in sdvance at pubiiraUun. C. C. BRVA.vr and empty beaded bankers in Linn county have (wen heard to boast that with republican success the farm loan bank will he a thing of 3d-2 New Fuat Sational Hank Hldg. the past and the day of dear money ALBANY OREGON will be again restored. The difference between the finan cial systems of the two parties is easily stated. The t«ank* and mon eyed interests of the country have dictated the financial svstrm nf the republican party since th«- days of the iTyil war The democratic party has tried to evolve a financial system which is and will be in the interes a of all the people and give the farm er an equal «hi>w with the railrowk and manufacturers to borrow cheap money. In the conduct of a great war the democratic parly is re- spor.Slhle for the expenditure of a vast sum of money, some of it un- wisr fully arid waste fully. This cannot I m * denied. Hut it is yet to be established that any of it »ns expended with downright dishonest intent. This i* a discreditable fact. But it has (M-vn true in a more or less extent in every war in which the IJ. S. has l»-cn «-ngag«-d. Men have ever iiccn dishonest and graft- era, and probably will continue to be an no matter which party is in power. It is n««l the govern.went which Is to blstne, but it is the peo ni ==t~ THE Sflll STATE BANK ? You can't get it i U m , 4<£ interest on lime deposits. Bwwt HS*i H. B. CHESS ATTORNEY AT LAW of eon modifies then were about as hl.rh as they are now. The people then had the h. e. I. problem to deal with as they have now. Our money system of th<»se days had no flexibility as it has now It / pledge allettante to mv llag ana was dominated ami controlled not the Repuhlk for whkh il »tanti». one by the government, but by the New t^Cation. Indi* ¡tibie. »ilh liberty ana York banker« and other moneyed in lattice fot oli. terests of the country. SCIO. OREGON. AUGUST 12. 1920 It was then conceded that the very large volume of money in cir THE LEAGUE A CAMPAIGN ISSUE culation was the main cause of high prices ami our financiers in cong reus One year ago fully three-fourths under the counsel and advice of the of the pmtile of the United State» (tankers decided that a reduction of were in favor of ratifying the league the currency in circulation was the covenant They may not have fav only way to reduce the price of com ored the covenant just as President modities. As a result of this idea Wili in brought it home. Neither the great system of contraction of ple themaeivev Nor are the rogues did it exactly suit the president. and scoundrels all to tie found in the currency was evolved. Some Hut a< there were many other na thing like $600,000.'KM) of the money one party either. tions who helfied formulate the cov in circulation was called in and dee- enant. it was necessarily bawd upon troyed. The prices of commoditM-s GOVERNOR COX ACCEPTS. compromise. It was not just as came tumbling down in a hurry. President Wilson would have it but The h. c. I. was wx>n upon almoat a Everybody regardless of party It was the liest he could get and the pre war level. A nation wide panic should read Governor Cox’s speech people were disposed to look upon il resalted. Bualnera failures and of acceptance. aS deliver««! bv him in the same light. Not so with ’the mortgaged farms were in evidence in his home town. Dayton. Ohio.last anti administration republicans ami in every direction. Had it not been Saturday. For that matter the ac two «r three democrats who. In the for the millions of acres of wild land ceptance speech of Senator Harding end, caused the defeat of the whole in the west subject to preemption should lie read «« well, the one in business. and homesteading, there la no telling connection with the other. Then a The democrats have just had an what would have been the result. comparison of the two men and what opportunity to register their opin But the west took care of the bank- i each stand* for can lie made. ions of Senators Reed of Missouri rupt merchants and farmers. In a Governor Cox «peak* out fearlesa- and (tore of Oklahoma. Both have few years the condition was relieved.' and stat'« his p-ulion clearly on all been retired to private life by ^over But at that time the government questions considered. Hr says plain whelming majorities The disposi was forced tn recall the retrench ly what he means, and means what tion of the republican senators who ment program which had brought hr aaya. You can find nothing in engineered the defeat of the coven such hardships upon the people. the »perch which lo->ks like a strad ant. is yet to lie made. This was a specimen of republican dle. He treat* contrary opinions to On November 2. the people of the financiering which m-nrly drove that his own fairly and endeavors’to so nation will have an opportunity to party from power. This same party state his position on various quw- register their opinions of the league is now asking to be restoted to pow-i tions that no one needs to vote for of nations. They have seen that the er to bring about another era of re iiim in November who is under a Hague tribunal is not a war preven trenchment presumably. The banks misconception of where he stands. live. Why? That tribunal lacks want the volume of money reduced, i The occasion was made an occas the "kick" the league of nations has They want to re.urn to the days ion for a great political demonstra in article 10. Yet this article is the when there was but *12 to $13 of tion and was a great day for Dayton. center of objections the Lodges, the money pgr capita in circulation, for Governor C«x will not make a Horshs and Johnsons have to the scarce money means dear money. i front porch campaign. He expects league. It is the basis upon which and thia is what the banks and mo-' to visit all parts of the nation. He the republican party is now fighting ney loaners want. These people are considers himself just one of the the league. Yet (he article does not t>acking the republican party to people iin-i not an overlord that the Compel a nation to enter a war. that bring about that end people should visit and b«»w to. is to say one of the five leading na Happily the wisdom of democratic These front porch campaigns im tions. it elects to do so of its own financiers evolved what we know as ply a sort of peis<>nal superiority on volition. The Hague tribunal had the regional bank system, which re the part of the candidate. The in no article 10 and the moat colossal sulted in divorcing the business in ference may be drawn that the can war of all times resulted. Remove terests of our country from Wall didate is too good to go to the peo article 10 from the league covenant street. These banks are scattered ple; that the people must come to ami it will be as powerless as The in all parts of our country in twelve him As a matter of economy il is Hague tribunal. regions. And these banks have much cheaper for the candidate to Ex-President Taft has the right power, when directed so to do by visit the people than fur the people conception of the league. While hi» the government, to ex|Mtnd or con to visit the candidate. reuublcan partisanism makes him tract their circulation, forming what appear as a minor league objector, is known as a flexible currency. Advertise in The ieio Tribune and get With a club of this character sus- results. at heart he stanchly is a supporter of the league, article 10 included, (wnded. Wall street does not dare J,| IL for he knows '.he league without a bring on a financial panic which prior to 1912 visited us periodically. "kick" is valueless. DR. A. G. PRILL The Tribune will not say the re Of course, no true American wish- Pbvsiciai and Sm re to become involved in any Euro publican party will repeal the re gional hank act. but It does predict pean alliance or war. The unani-| Calls Attended mous majority of the American pro unhesitatingly, with republican suc L»ay or Night ole is and will be against it. Rut I cess in Novemlier. the land loan SCIO -.- ORE. when an European nation make» hanks will l»e abolished and cheap war upon a neighbor nation and' money will he at an end for farm United States rights and orivileges ers. The old days of 8 and 10 per are interfered with we are bound to i cent mortgages will (>e returned Farmers, you may think that The intervene. The Hague tribunal pro vides n<» remedy for such condition., Tribune is just indulging in camp W, A. Ewing. A. K. Randall Vice Free. It is simply President The league does. Why? Because aign talk. It h not. E D. Myers. Cashier it has a ’‘kick." Nor will any league predicting a r r, 'ition which is now »tart a bank account today and *>vidr for your future. or tribunal be effective without a planned to take place with republi ou wdl find a checking ac can success, Trv to get a loan now kick. count very convenient for your The "kick*. or article 10, Is the from the farm !>>an bank and see bu* mesa transact tons. We pay main feature against which the re where you are at. - Attorney •» Law OU m * SB Uw o.i M I 4 n w. toe. SOP 01! A IVE’ your family and yourself the pleasure which others have and which you should have! 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