Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1907-11-23
In Hands Of the Printers---FuIl Of
Advice to Congress.
WILL URGE CURRENCY REFORM
Fsvors Sherman Antitrust Law
Enlargement Of the Navy and
Other important Matters.

ASHllS IbutuGs On the tHeSSdS5 ne VIII
send to congress two weeks hence,
and from all that has been earned
the original draft OF 1t has been toned
down somewhat Mid phrases have
been substituted for certain character
isticaliy vigorous expressions, al
though no important recommends
lions have been expunged The presi-
dent does not consider himself re.
sponsible for the financial scare which
has peryaded certain sections of the
country, particularly in the East yet,
inasmuch as some people have at
tempted to place at least part of the
blame on MIN he does not wish to
have wish to have his message expos
ed to further criticism on that score.
Perhaps the chapter which will be
lates to the necessity of new currency
legislation which the present money
stringency has tended to emphasize
The president will ask congress to
give imme date consideration to i'm
parting greater elasticity to our cur.
rency system but 1t is understood he
does not undertake to furnish exact
specifications as to how this should
be done. 1t is known he is opposed
40 the scheme which would enable
banks to Issue circulation against
their assets without proper security
1.-THE plan he favors is to protect such
circulation by the deposit of suitable
security with the treasury and to inn
pose sufficiently heavy tax upon It
10 insure its retirement as soon as the
enlergency requiring its issue is
passed. The president will discuss in
an interesting way the present finan
cial situation and absolve the admin
istration of any responsibility for it,
Not Hostile to Corporations
lie viii also resssert that the ad-
ministratou is not hostile to corpora
lions, as such and explain that its ei-
forts have always been confined to the
correction of corporate evils There
will he an acknowledgment of the ne
cessity Cf combinations to meet
changing industrial and business con
ditions in this and other countries
While recommending that the inter
state commerce law be amended so
as TO enlarge the federal control over
railroads To point approaching that
exercised over national banks, and
requiring that future issues of stocks
and bonds be supervised at Washing
toD. he will suggest that common car
uiers be permitted to enter into traf-
fc agreements under certain restric-
tons.
The president has discussed public
matters so frequently during the last
five or six months that in a general
way the principal topics which he will
cali to the attention of congress are
already Known II is not believed the
message will contain any great sur
prises. and the following may be re,
a,a.a.,a a. s,-oo,..4. - his oh,os
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Would Improve Highways.
The adoption of broad and com.
prehenSlFt poHcy Tor improving the
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