Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-11-11
A TOUR.

II appears thht senator Aiufithi IN
his western trip. is merely making n
prospecting tour. The fact Is con
ceded on all hands that our present
financial system is very faulty. that
the country has outgrown II. and that
IL has TO be radically reformed, or re-
constructed, In some manner but the
question Is, how And the senator's
business on the prefcnt trip Is to find
an answer, IL possible. to that aues-
tion.
Contrary to what appears 10 be a
general impression. II IL not appre-
hcnded thai Senator Aldrich will ad-
~ocate a central bank for the United
states. Indeed. II IL explicitly assert
ed by those who can lay claim to be.
ing in Mr.. Aldrich's confidence that
he will not present or outline to his
hearers any definite plan OF currency
or banking reform. The same per-
sons assert that MIR. Aldrich has not
made up his mind. following the in
quIries that have been conducted by
the monetary commission, what form
remedial legislation should take to
cure the defects In our present
wTctched system. Some OF the mem
beers Of the monetary commission
have declared their individual belief
In. md their desire to see established,
states. If trustworthy sources may
be relied upon, Mr.. Aldrich has not
yet taken ms advanced "a position as
this. even In Nitrate and private
conversation with his associates on
the commission.
one OBJECT that Mr. ~ lei' has in
view In his present western trip Is TO
endeavor 10 allay the bitter feeling
which the action OF the Insurgents
has created against him In the disaf-
fected states OF the middle west. SEN
ntor Aldrioh has been persuaded by
his advisers among republican lead
ers to adopt the old-fashioned politi-
cal e%xpedient of showing himself to
the people. Figuratiyely speaking, 1t
Is desired TO dlspel "a prevalent inn
preston in the middle west that Mr..
Aidrioh Is the incarnatc money devil
with eleven foot, a forkcd tail, and
horned like a very Mophistopheles. II
win be "A new experience in Mr.. Al
drich'n political life to have to Justify
himself before the ~commonalty. The
experiment will be watched with
curious attention.
Thus far. Mr.. Aldrich's speeches
have been couchcd In the most gem
cral terms. II is understood to be his
Intention to give a rather comprchen-
five accoun of what has been done
in the way Of research. investigation
and inquiry by the monetary commits
sion. lie WIN contrast banking con
ditions in England and the principal
continental countries with conditions
here, and show, In some degree, what
has been don abroad TO counteract or
overcome strains n stresses 10
which our own financial communities
are periodically subjected He says
he has no hard and fast plan OF what
should be done under the circum
stances In common with nearly all
other men who have given the subject
any attention he merely knows that
Nc have reached the point where
something has 10 be done. and he Ia
making the present trip Tor the pur-
pose Of gathering the opinions of the
best financicrs IN all parties and al.
sections as 60 what that something
should be. II is absolutely Necessary
for the country 10 reform IT. financial
system n we would avoid the recur-
renee Of disastrous panics every few
years. But before undertaking TO say
how such reform shall Doe effected he
wants to sound the judgment of conn
petent men in all sections Of the
country