Omaha daily bee., 1909-09-15
DEPRECATEs sECTIol TAI
All Parts of United Stat
Business Boat. =
DISCUSSES PURPOSE OF :. TRIP
Personal Touch with Hi fellow
Citizens wnI Make Him a Better
and More Efficient Public
officer.

BOSTON, Sept. 14-President Tafts first
public utterance since congress adjourned
was made In this city tonight before 2OOJ
men representing the combined business In
terests of Boston. The occasion was b
banquet given in Mechanics hail. the larg-
est auditorium in Boston, by the Boston
Chamber OF Commerce, recently formed by
a merger Of the Boston Merchants associa-
ton and the Associated Board OF Trade
with the Chamber of Commerce and it
marked the beginning of the presidents
13,0OO- trip through the country. The
features Of the presidents address were
his endorsement Of the proposition to estab-
lsh a central bank In connection with cur
rency reform, his words of high praise OF
Senator Nelson w. Aldrich of Rhode Is
land, head OF the National Monetary com
mission, and his reputation Of any attempt
TO start ectional strife in the country, such
as that which he attributed to Governor
johnson 'fn calling upon the west to or
ganize against the east"
Among the guests tonight were cabinet
members, diplomats, congressman, clergy
men and distinguished business leaders.
The president was most heartily greeted
and at a reception preceding the banquet
many shook hands with the executive. Dis
tinguished guests from national and state
political life. from the judiciary OF the
nation and state. from army and navy and
congress and from local church. civil and
business circles were present
The president was cheered loudly at the
close of his address. Under escort OF the
reception committee and the National
Lancers he passed through the dining room
TO the street and proceeded to the Hotel
Touraine, where he spent the night. He
will leave on his western tour at 1850
o'clock tomorrow forenoon.
Mayor Hlbbard, who was unable to be
present sent a letteR welcoming the presi-
dent to Boston.
President Tafta Address.
Mr.. Taft began by congratulating Boston
on the organization Of all its business
men. 1T insures a concentration OF influ-
ence that must make for good" he COM
rnented Mr.. Taft then spoke OF his west
em trip.
Il am on the eve of beginning a journey
OF 1890 miles in length" he said. which
will enable me to thousands of my
fellow citizens and enable them. hope, to
see me. Occasionally hear query why
/ should start off on such a trip and
what particular good does 1t do to any
body?' Well, It certainly is not going to be
a pleasure trip although I shall enjoy It
1t Will involve much hard work and a
things to say and to say them simply and
clearly, so that they can be understood
on the other hand 1t will certainly give me
a very much more accurate impression as
to the views OF the people In the sections
which / visit 1t will bring closely TO me
the needs OF particular sections, so far
as national lsEislation and executive ao-
ton are concerned and I believe II will
make me a wiser nan and . better public
officer. 1 ought to be able to explain to
the people some Of the difficulties Of gov
ernment and some Of the problems for
solution from the standpoint OF the execu-
tive and the legislator as distinguished
from that OF the honest. but irresponsible
critic. The personal touch between the
people and the men to whom they tenn
porarily delegate power, OF course, con-
duces to a better understanding between
them
Time for Good Resolutions.
This is the second week in September.
We are all enjoying our vacations and go
ing home. This is the time Of year,
rather than the first OF the calendar
year. when good resolutions ought to be
msds-snd kept, as far as possible. This
Is the time when, looking forward to
the coming again of congress IN Decem-
ber, one must consider the needs Of the
country 80 far as they may be relieved
by congressional legislation and attempt
to state what that legislation should DO.
Your chairman has made some refer
ence to q number Of subjects to which
the attention Of congress may well be
directed. In the first place there is the
monetary situation. While It is probable
that the Vreeland bill passed by the last
congress will aid us IN case OF another |
financial crash IL is certain that our bank |
ing system Is patched up affair which !
satisfies nobody and least OF all those |
who are clear headed and have q knOwl- |
edge OF what a financial system should be- |
''The matter has been referred by con-
gress TO a monetary commission, which |
has been studying with much interest and
enthusiasm the financial and banking sys- |
TENS OF the great governments Of Europe. |
and has embodied and will soon publish in !
interesting and attractive form the best |
accounts Of the financial systems OF the
world. II is quite apparent from the state
ments Of Mr., VTesland. who Is now the
head Of the committee on banking and cur
geney In the house OF representatives. and /
nom the conversations OF Mr.. Aldrich. who /
y the Chairman OF the monetary commits
sion and OF the finance committee OF the
senate, that the trend or tns minds OF the
monetary commission Is toward some sort /
OF arrangement for q central bank of issue
which shall control the reserve and exer-
else power TO meet and control the casual
stringeney which from time to time will /
come In the circulating medium OF the
country and the world.
Basis of New Monetary system.
Mr.. Aldrich states that there are two
indispensable requirements I'm any plan 70
be adopted IN evolving a central bank OF
issue. The one Is that the control OF the
monetary system shall be kept free from
Wall street influences. and the other that
i shall not be manipulated for political
purposes. These are two principles 10
Icnnrnusa on Fifth PAIL