New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-11
ALLISON ON CURRENCY.
WHAT CONGRESS- MAY DO.
Defects To Be Remedied, but NO
Revolutionary Acfion.

Clinton Iowa, Oct. Ex-senator Allison spohs
here tonight currency reform and what Con-
gress likely to do in that direction he
said:
The subject of the currency may be considered
by the Congress soon to convene. but am sure
that change will receive the sanction or d
Republican Congress that will so revolutionizs
our system to deprive the government 1tselI
of the substantial control that il now mas ana
exercises over bank circulation as well as over
other forms of paper money-absolute security
Of the notes issued by under the authority OF
the government. and their convertibility at the
will of the holder into gold So II would seem
that under present conditions there is no press
ing necessity for great changes as respects OUT
money circulation, and il also appears that. al
though there is Inconvenience at certain seasons
of the year. arising from the necessity or trans
ferring circulation from one portion OF the
country to another, the inconvenience IS not 80
great as to make imperative immediate legtsla-
ton to facilitate these transfers. There is also
inconvenience arising from the accumulation OF
money I'm the Treasury. but our present aDIe
Secretary of the Treasury, by means OF the
authority he has under the law. has min
imized this inconvenience by utilizing from time
to time our national banks as repositories or me
surplus money. thus enabling IL to be returned
TO and utilized in the various channe4s OF eIICu.
lation. Congress can and probably Will ADOPT
supplemental legislation as absolutely to re-
Iieve this Inconvenience.
I do not claim perfection for the details Of
either our tariff laws monetary laws
Changes Of these details are wise ana heceS-
sary from time to time. but taat tney nave
effective in ieVelDpuS our ifiS4'iLti II
sources and maintaining Orr national credit can
be no longer a subject Of dispute, and IL seems
TO me wise and important that these Pollcles
I'm essentials should continue. Whatever Ge-
fects may appear best be cured by the
Republican party. Without offence, / nope i
NAV add that the record of the Democratic
Dartv discIOses it's unitness to deal wisely with
either of these great subjects, nor is there nope
from this record that that party viii be able
deal with these questions as they ought 20
he dealt with.
Though the Republican party has made mis-
takes during the last fOrty-twO years. Yet us
history mas been full Of great deeds and large
growth. No other party since the SdOptOu OF
our Constitution has had many mOmentous
tasks with which to deal. That IL has net
them and solved them as a rule with WISDOM
and for the best interests of the country am
sure will not now be disputed The story from
Lincoln to Roosevelt is the story Of American
progress and advancement
During this period of great difficulty and
trial our progress has been constantly forward.
so that enjoy in our country more OF
the blessings Of free people than are enjoyed
by n like equal number Of people anywhere else
on the face of the globe.
We have I'm President Roosevelt ideal
cbieF magistrate who has brought to his great
coura geOusly every public question and de-
cdes IL wisely and with the purpose of pro-
noting the best interests OF all the people,
bringing credit to the government at home and
honor abroad. He has gained the confidence
Of his COuntrvmen to a high degree No other
President in office ever more beloved Dy
all the people than he He deserves TO have
ard will have the unanimous nomination or
his party next year. and will be. ] am sure.
triumphantly elected II is our duty this year
to give him whatever strength We nave IS an
expression OF the faith of Iowa in his fitness FOR
a full term in the exalted station he low flIs
so we'll The place to signify that confidence
is at the ballot box the third day Of No
yember next.