The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1909-09-15

tion of all her business men. "It in
sures concentration of influence that
must make for good" he commented
MIR. Taft said he was grateful for the
hospitality which he had received on
the north shore of Massachusetts, dur
ing his vacation and then had this to
say of his western trip:
Tait's Speech.
Il am on the eve of beginning q
journey, Of 10000 miles in length,
which Will enable me to see tens and
hundreds of thousands of my fellow
citizens, and enable them, hope, to
see me. Occasionally hear a query,
why l should start off on such a trip,
and what particular good does It do
to anybody? Well, it certainly is not
going to be pleasure trip, although
shall enjoy it. 1t will involve much
hard work and great deal of mental
effort to think of things to say and to
say them simply and clearly, SO that
they can be understood. On the other
hand it will certainly give me very
much more accurate impression as to
the views of the people in the sections
which I visit. 1t will bring closely
to me the needs of particular sections,
so far as national legislation and ex-
ecutive action are concerned; and I
believe it will make me wiser man
and better public officer. l ought
to be able to explain to the people
some of the difficulties of the govern
ment and some Of the problems for
solution from the standpoint of the
executive and the legislator as dis
tinguished from that of the honest,
but irresponsible, critic. The per-
sonal touch between the people and
the men to whom they temporarily
delegate power, of course, conduces to
a better standing between them.
The Money Question.
"Your chairman has made some
reference to number of subjects to
which the attention of congress may
we'll be directed. In the first place,
there Is the monetary situation. While
1t is probable that the Vreeland bill,
passed by the last congress, would
aid us in case of another financial
crash, 1t is certain that our banking
and monetary system is a patched up
affair which satisfies nobody, and
least of all, those who are clear-head-
ed and have knowledge of what a
financial system should be- The mat
ter has been referred by congress
to monetary commission, which has
been studying with much interest and
enthusiasm the financial and banking
systems of the great governments Of
Europe, and has embodied and will
soon publish in interesting and attrac-
tive form the best accounts of the
financial systems of the world. 1t is
quite apparent from the statements
of Mr.. Vreeland, who is now the head
of the committee on banking and cur
rency In the house of representatives
and from the conversations of Mr..
A1drich, who is the chairman of the
monetary commission, and of the
finance committee of the senate, that
the trend of minds of the monetary
commission is toward some sort of
arrangement for q central bank of
issue which shall control the reserve
and exercise power to meet and
control the casual stringency 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 require-
ments in any plan to be adopted In
volving central bank of issue. The.
one is that the control of the none
tary system shall be kept free from
Wall street Influences, and the other
that 1t shall not be manipulated for
political purposes. These are two
principles to which we can all sub
scribe. It is quite possible that the
report of the commission Of definite
conclusion may be delayed beyond the
inext session Of congress. Meantime
the members Of the commission in..
tend to institute campaign Of edu-
cation in ordar to arouse public opin.