The San Francisco call., 1909-09-15

ssprinciples to which we can all sub
scribe. 1t is quite possible that the
report of g definite decision may be
delayed beyond the next congress-
ssdeantime the members of the COM
emission intend to institute a campaign
I,of education 70 arouse public opinion
10 the necessity OF change IN our
sssnonetary and banking system and to
the advantages that Will arise from
fplacing some form of control over the
money market and the reserve in the
kbands of an Intelligent body of finan-
sciers responsible 10 the government
i am told that Mr.. Aldrtch VIII
swing around the circle this fail ana
viii lecture in many of the cities OF
fthe middle west on the defects ana
needs of our monetary system. l can
Snot too strongly approve of this pro-
Sposal. Mr.. Aldrich, who is the leader
Aof the senate, and certainly one of the
kablest statesmen in financial matters In
kefffaer house, has been regarded with
deep suspicion by many people, es-
Specially in the west. If, with his clear
kcut Ideas and simple but effective styfe
gof speaking he makes apparent to the
%western people what L beileVe TO De ms
fearnest desire 10 aid the people and TO
kcrown his political career by the prep
taration and passage of bill which
bShsIl give us a sound and safe none
Srary and banking system. IL would be
"a long step toward removing the poll
E1icsI obstacles TO proper solution OF
fJhe question.
L am not going to discuss the merits
band dement's of the new tariff bill
with YOU / shall have often to refer
TO that before my journey is ended,
fand l must save something for other
kaudiences. Suffice it to say that the
4 passage of the bill has removed dis
turbing element in business.
Nor shall I dwell at length on the
fnecessity for amendments to the inter
Estate commerce laws. to the antitrust
law and the organizations of the de-
4 partment in Washington with a view
10 promoting greater efficiency and ex-
pedition in the settlement Of contro-
/ versies arising under them. During
Mr.. Roosevelt's administration we were
all struck with the necessity for re-
: form in business methods. for more
/ scrupulous attention to the conduct OF
+ business in accordance with the law
4 and for the necessity of simplifying
the law so as TO make it clear to
Z corporate managers what they can dc
and what they can not do.
We are, I believe, on the eve OF
: another great business expansion, ar
era Of prosperity. Indeed, it is al
! ready here in many branches of bust
! ness. The hum OF prosperity and the
/ ecstacy Of great profits are likely IL
dull interest IN these reforms and tc
lead us back again to the old abuses
unless we insist upon legislation which
shall clinca those standards by posi-
: tive law. Nothing revolutionary
nothing disturbing TO legitimate bust
ness is needed, but. We must set the
marks clear in the statutes by which
lie lines can be drawn and the proper
legitimate paths be laid down upoT
which all business shall proceed, anC
: we must have il understood by mean.
of prompt prosecution and punishment
that the law is for all and is to be en-
forced even against the most powerful
Then, too, the needs in respect I,
conserving our natural resources. tn.
amergd dment TO the public land system
the execution Of the pure food law ans
I other important matters that Shouts
demand attention, make the legisla
i've and executive labor of the mex
three wears heavy enough, if our pur.
poses are carried out, to exhaust tn.
energy of the most enthusiastic anS
hopeful.
s::Stin the world is making progress,
Our country is making progress. Oc
casionally one hears a note like tha-
OF Governor Johnson. denouncing tn,
east and calling upon the west to or.
ganize in a sectional way against th.
east beca use the east is deriving NOR.
benefit from the governmental nolie,