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Newspaper
Rockport Democrat
Location
Rockport, Indiana, United States of America
Date
May 22, 1908
Page
4
In the May 22 1908 issue the Rockport Democrat critiques Taft opposing finance policy arguing the state faces higher taxes and deficits. It notes gold export activity and calls for confidence in the banking system while accusing Roosevelt and federal machine support for Taft.
Marion County, long under Republican control for thirteen years, struggles to pay bills and match state fiscal woes. Heavy taxation by officials has strained residents as graft investigations reveal missing funds and unaccounted money.
Officials admit advance tax payments are needed to meet bills while the state lives beyond its income. The treasury is bankrupt despite a 60 percent rise in property assessments and tax rates. Questioning where the money has gone.
The steel trust earned 160 million dollars in net earnings and 133 million in net profits in 1907. It could profitably sell rails at 17 dollars per ton, but tariffs keep out competition. It sells rails to Americans at 28, exports abroad, and to foreigners at 20 per ton, labeled a tariff friend by Republicans.
A Chicago bankers' club invites Mr. Bryan to speak at a finance banquet. The Indianapolis Star notes the paper is under receivership for insolvency and mocks the invitation as flippant and foolish largess.
A report states that Andrew Carnegie donated two hundred thousand dollars to a philanthropic cause. The action is highlighted as a major charitable gift linked to Carnegie’s ongoing philanthropic program.
In disparate pieces the Republican editor urges removing the tariff on wood pulp and paper while another column attacks the notion that a foreigner bears the tax. The writer mocks the idea as a past campaign falsehood and notes the humor in the disagreement.
A reader questions the drop in wool value from 26 cents per pound last year to 8 to 16 cents this year and asks if tariffs are unchanged, wondering why farmers with sheep must endure low prices.
A Spencer County farmer argues tariff protection raised wool prices last year but supply and demand now push prices down. He blames an idle economy and mills for reduced wool demand and cites a Democrat who backed Roosevelt in 1904 hoping for price support.
The Indianapolis News reports on Democratic convention reactions urging unity. It notes Republican panic over wool prices and mill disruption, while stressing Democrats should back the majority’s nominees and support the chosen candidate.
The piece cites large sums given by corporations to Republicans to aid Roosevelt, including $50,000 from Metropolitan Street Railway and $50,000 from three life insurance companies. It recalls Harriman’s alleged $260,000 fundraising and challenges passivity on campaign finance disclosure.
A Republican congressional committee member says national campaigning may require 3 to 4 million dollars, possibly five million, to meaningfully fight. A Republican senator warns that accepting money from trusts next fall would seal defeat on that issue, implying party plans to avoid tainted contributions while publicizing bills falter.
The record details a motion to strike denied in a suit with Zachariah Craig et al as the defendant and a Sept 7 deadline to answer. It covers drainage petition work by 8S. L. Logsdon et al with supervision changes, and a contract dispute where Fred Hitner seeks specific performance from Mary Hitner for a land sale in Mynes donation to Rockport, including a lost contract copy and a tender on Feb 28 1908 with a demand for a deed and $50 damages. It also quotes a party platform statement from Spencer County Democrats pledging ethical campaign funding and opposed to GOP spending, with endorsements for local officials.
The Spencer county Democratic convention at Chrisney adopted resolutions outlining the duty of a political party to present candidate reasons and policy to voters. They affirm their belief in the party's mission and the approach their nominees would follow if elected.
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