Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-11-21
AT THE WHITE HOUSE
Mr.. Taylor Optimistic About
Work on Panama Canal.
MUST NOT SELL ISLANDS
Mr.. Reynolds Has Just BeenThe
to See for Himself.
SUFFER- ON CURRENCY REFORM
His idea Of Currency and the Bank
ing System-Illinois Is for Can
non-Jamestown Exposition. =
MUST NOT SELL ISLANDS
SUFFER- ON CURRENCY REFORM

0on7JamestoWn Exposition.
Representative Taylor Of Alabama,
member Of the House committee on ap-
preparations, told the President today how
| delighted he was with conditions on the
Isthmus Of Panama. Mr.. Taylor has
come from the canal region with other
members of the House committee, and he
is optimistic as to the early and success
full completion of the great undertaking.
II confess" he said, that at one time
1 had serious doubts about the advisa-
bility of the Panama route. and favored
the Nicaragua route. Ny visit to Panama
has convinced me that the administration
did. the wise thing in acquiring the
French canal and in arranging to build
the great waterway there. From what
saw 1 am absolutely confident the canal
will be completed within six years from
January 1. Others believe that it will take
| longer. but the country would be delight
ed If the people could see the hustle that
is going on in constructing the canal. The
decision to place the building Of the canal
In charge Of army engineers was the
proper one. They are doing the work
right and there are no jealousies, as un-
der the first plan tried, I told the Presi-
| Gent that l was particularly pleased that
I'VE OF the seven engineers constituting
the commission were southern men,"
Must Not Sell the Philippines.
Representative John M. Reynolds of
Pennsylvania has been to the Philippine
Islands to see for himself what this coun-
try ought to do with it's far eastern pos
sessions. He told the President today, in
a visit he made to the chief executive,
that 1t would be crime to sell the islands
or otherwise dispose of them. I'VE must
keep them and develop Them" he said,
letting the future decide our course We
have done right in refusing to allow
them to be exploited for private gain or
political preferment. Four things have
been gained under American government:
tial administration of affairs by able
tactful men, Second-The establishment
Of peace throughout the islands, with re-
spect for law imbedded in the best people.
local concern, maintenance of stable gov
eminent and protection of individual
rights. Fourth-The promotion Of happi-
ness and prosperity for the Filipino peo-
pie, which our honor demands shall con-
tinue. Therefore, to talk of sale of the
| islands is to stigmatize our country as
cowardly.
Foremost n.en Of the islands told me
that the people are now having as large
| a measure Of self-government as they are
capable Of understanding, and that the
| people are growing more and more in
favor of existing governmental condi-
lions, knowing it was for their protection
| and best interests. What the people of
| the islands must do is to exercise pa
| thence and depend upon this country to
do what is right The Filipino is gener-
Gus. hospitable, eager (to learn, disposed
| to follow the ways of peace, and he will
be grateful for the fair and square treat
| ment he Is getting at The hands Of the
United States
Sulzer on Currency Reform.
Representative Sulzer of New York gave
the President some advice today as to
currency reform. He told the President
that Congress should place our currency
and banking system on a stable, business
like and permanent basis that will pre-
| vent panics and stringency. I'VE have
the worst currency and banking system
In the world" he asserted. 1T is all for
the banks and none for the people. Be-
| sides 1t is obsolete and inadequate. Moth
| Ing like runs on banks is known in the
| other great nations of the world In the
face OF tremendous crops and great pros
perity we have been near a great panic
The whole thing has been caused by q
Few bankers and a few individuals hoard
| ing money. The remedy Is for the gov
eminent to do its own financial business,
| like other great countries Of the world
The right to coin and issue money is one
OF the attributes Of national sovereignty,
| to any bank. individual or syndicate. The
government should handle the whole thing.
If the republicans Of Congress do not
meet the situation as the occasion de-
lleve will cure existing evils It will pro-
vide for an elastic currency which, when
a crisis Is passed. will be called in by
the government and Cancelled. believe
Ia a central government bank. under the
control and FIRE vision Of the govern
ment, through which all money shall be
issued, all deposits made. The bank
would have the light to issue currency to
other banks and individuals on deposit of
good securities. The central bank should
have supervision and control Of all ma
tional banks.
AT present there are over 500 OOO, 600
Of government money deposited in ma
tional banks, and not drawing a dollar of
interest, while the banks are leaning the
money at 10 and 20 per cent, and even
higher rates of interest. These banks now
have the audacity to demand that the
| government issue more bonds in time of
peace, to give them chance to get more
money from the people.
Il am also in favor of postal savings
banks, as in other countries. The peo-
ole have confidence in the integrity
| would deposit their small savings in
these banks. The government can af-
| ford to pay the depositors per cent.
| There would not be much boarding of
money! with these banks"
Illinois Is for Cannon.
| Representative Lowden of Illinois.
talking at the White House about pres
idential politics, said: Il have heard
no opposition in Illinois to Speaker
Cannon having the delegation from
that state. Both Of the alleged repub-
lican wings-the state and federal
appear to be for him. The feeling is
! that he deserves the backing of the
| state"
AS to currency problems, Mr.. Lowden
said that II the Fowler bill, proposed
at the last session Of Congress, had
! become law the situation would have
been decidedly worse. There would
| have been a tremendous imitation of
| the currency and not sufficient reasons
| for retirement, which would have been
| dangerous" said Mr.. Lowden.
The jamestown Exposition.
Harry st. George Tucker, president of
the jamestown exposition; George F.
Adams, Lancaster Williams and Thomas
Nelson Page, all of Virginia. called on
| the President to talk with him about ex-