Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-09-16
PRES, TAFT's ADDRESS.

PRES. TAFT'S ADDRESS.
Mr. President, Gentlemen of the
Boston Chamber Of Commerce, my Fell
low Citizens:
am on the eve Of beginning
Journey OF 10000 miles in length
which will bring closely to me the
needs OF particular sections. so fnr
Us national legislation and executive
,ction are concerned: and I believe 1t
will make me n wiser man and a
bette. public officer. Moreover It
will give the people an opportunity
to see their chief executive who-be-
rause OF his office. in sense tenn
porarily typifles acknowledgement to
be able 70 explain to the people some
of the difficulties OF government, and
some OF the problems for solution
from the standpoint OF the executive
and the legislator as distinguished
from that OF the honest. but irrespon-
Eible critic.
This Is the time when looking for
ward to the coming again OF Con-
gress in December, one must consider
the needs of the country so far as
they may be relieved by congression
al legislation and attempt to state
what that legislation should be.
THE MONETARY SITUATION.
In the first place. there is the monetary
situation. While It is probable that tho
Nreeland bill passed by the last Con-
gross would aid US in case OF another
financial crash, II Is certain that our
banking and monetary system Is a
patched up affair which satisfied no.
body. The matter has been referred by
Congress to monetary commission which
has been studying the financial and
banking systems OF the great govern
nents OF Europe. IT is Qui,e apparent
from the statements OF Mr.. Vreeland.
who Is now the head OF the committee
on banking and currency In the House
OF Representatives. and from the con-
versat!ons Of MI A,drich. who Is the
chairman OF the monetary commission
and Of the finance committee OF the
Senate, that the trend Of the minds OF
the monetary commission Is toward some
rort OF arrangement for central bank
OF issue which shall control the casual
etringency which from time to time
Will come IN the circulating medium Of
the country and the world.
Mr.. Aldrich states that there are two
Indispensable requirements in any plar
70 be adopted involving n central bank o.
issue. The one is that the control o.
the monetary system shall he kept FREE
from Wall Street influences. and thu
other that II shall not be manipulated
for political purposes These are tw'
principles to which we can all sub
Fcribe, It Is quite possible that the re
port Of the commission Of n definite con
clusion may be delayed beyond the mex
session OF Congress Meantime the mem
bers OF the commission intend to In
etitute a campaign Of education.
APPROVES ALDRICHS TRIP.
am told that Mr.. Aldrich will swim
around the circle" in the present fall an
will lecture In many OF the cities OF til
Middle West on the defects and needs {
our monetary system. I cannot 70
strongly approve OF this proposal. M
Aldrich. who Is the leader OF the Senat
and certainly one OF the nolest states
men In financial matters In either Hous
has been regarded with deep suspicio
by many people especially In the Yves
II he makes apparent TO the wester
people what believe to he his earne
desire to aid the people and 10 crow
his political career by the preparatio
and passage OF a bin which shall give
system, 1t would be a long step towaI
removing the political obstacles to
proper solution Of the question.
do not need to argue with this audien
that n change In our monetary and ban
Ing system Is necessary. We must
unite to mend our roof before the stor
and rain shall show us again It's leai
and utterly inadequate character.
THE TARIFF BILL
am not going to discuss the meri
and dement's OF the new tarin bill VII
you. Suffice II to say that the passaI
Of the bill has removed a disturbing ell
ment In business. Nor shall dwell
length on the necessity for amendmen
TO the Interstate commerce law. to Il
antitrust law and tho organization
the departments in Washington with
view TO promoting greater eficiency al
expedition in the settlement Of contr
versies arising under them.
We are, ! believe, unless all signs IA
on the eve OF another great business e
pansion and era Of prosperity Indeed.
tH already here in many branches Of bu
ness. Tho hum OF prosperity and I
ecstasy OF great profits are likely to d