Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-04-29
TALKED ON FINANCE
President Made Stop at
Quincy, I'll.
BIG CROWD PRESENT
STARTED FROM KE0KUK EARLY
TODAY.
He Received an Ovation From the
BIG CROWD PRESENT
He Received an Ovation From the
Iowa People as He Left
State

QUINCY ILL.,, April 29-President Roose-
welt stopped here for about forty-five min
utes this morning. A large crowd was on
hand to greet him and amid cheers he was
driven to Court House Park, where he de-
livered short address. He discussed the
question of the currency and said in SUBJ
stance:
'.Our currency laws have been recently
improved by specific declarations intended
to secure permanency of values. But this
does not imply that these laws may not be
still further improved and strengthened.
1t is well nigh universally admitted that
our currency system is wanting in elasu-
city; that is, the volume does not respond
to the varying needs Of the country as a
whole. to the varying needs of differ
ent localities.
Our people scarcely need to be reminded
that grain raising communities require
larger volume of currency at harvest time
than during the summer months. The
same principle applies to every industry, to
every community. Our currency laws need
such modification as will insure the parity
of every dollar coined or issued by the
government. and such expansion and con-
traction of our currency will promptly
and automatically respond to the varying
demands of commerce. Permanent in
creases would be dangerous; permanent
contraction ruinous. but the needed elias
ticity must be brought about by provisions
which will permit both contraction and
extraction as the varying needs of the
several communities and business interests
may require"
The Departure From Iowa.
KEOKUK. Iowa. April 29.-The President
left Iowa at 10 o'clock this morning over
the Burlington en- route to Quincy and st.
Louis. AT the station in this city Gov.
t., III Ii l~.,0 Il
Gov. Dockery of Missouri welcomed him
to the state of Missouri. The party ar
rived at $50 o'clock over the Rock Island
road from Ottumwa. At the station the
reception committee, consisting of city Of
ficials and prominent citizens, met the
party and escorted them to carriages. In
the carriage with the President was Mayor
Andrew ]. Dimmond and Hon. John N. r.
win. ex-governor of Arizona and United
States minister to Portugal under Mckin-
ley.
Escorted by the old 5Oth Regiment band
and six companies Of the Iowa National
Guard the procession moved up the steep
hill to Main street The thoroughfare,
which was lavishly decorated with flags
and banners, was thronged with fully 3d.
900 people. At 18th street the carriages
went to Rand Park, where the President
standing in the pit of a natural amphi-
theater. made ten-minute speech which
was heartily applauded. The grave of the
Indian Chief keokuk. from whom this city
gets its name. is located here, and the car
riageS were halted a few moments beside
his monument.
The party was then driven back to the
train and departed southwark at 10 o'clock.
Presented With Flag. ~
The President while here was given a
miniature facsimile of the first American
flag, as made by Betsy Ross. This banner
was of silk with the thirteen stars and was
made by Mrs. Rachael Albright Of Fort
Madison. Iowa, who Is ninety-one years
old and a great granddaughter of Betsy
Ross.
President Roosevelt today received a tele-
gram from Frank I. Deyo, the state tax
commissioner of New York, informing him
that the court of appeals of that state has
handed down a decision declaring constitu-
tional the franchise tax law. The Presi-
dent is highly gratified over the outcome
of the case.