The Farmville herald. [volume] (Farmville, Va.) 1890-1934, 1909-09-17
TAFT FAVORS
CENTRAL BANK
discusses Monetary Situation
in Boston Speech
PRAISES SENATOR ALDRItH
The President Declares the n"O''
islander Will Lecture In Many O''''
an the Defects and Needs OF ou
Monetary System

an the De1cCto ahS
Monetary System. =
BOSTON. Sept 15.-President a. :
eret nublic utterance since cons'Vs'
"diorrned was made in this CITY pe'
80 9rno men representing the com
h;ned business interests OF bos'on' -
occasion was a banquet given III W"
oharice' hall by the Boston ChamDei Vi
cnn,nerce recently formed by meie
~ Of the Boston Merchants associa'
..o, or1 the Associated Board oil lIa.e
with the chamber. and it marked '.io
beginning Of the presidents l5'OOO''''''
Trim through the country.
The features of the president
,-oss were his Enforcement oil Ia"
'.,,osition TO establish a central DAMN
- Connection with currency reform
bis words OF high praise oil ses ~
Nelson ". Aldrich, OF khoue lS''"D'
hoa1 If the national monetary com
roiseion and his reputation OF any at
, -, - start a sectional strife IN the
G o,,,ntrv such as that which ne AZ
n .~,h,,ted 70 Governor Johnson in cali
l. ing upon the west to organize as"'"''
e the east oahinet
- diplomats. congressman
10 elergvmen and distinguished DuS'HeSS
ne leaders.
,e The Presidents Speech.
., coooling NJ the monetary situation
Mr.. Taft said ....o
', nr. a. orite anparent from the state
IN ments of Mt Nreeland' VINO - nv, nv"
,o the head of the committee on o"N i'ilt
''o on1 currency in the house of repre-
us son+atiyes and from the conversation
on 80 Mr. Aldrich who is the Chairman
~ tho monetary commission and oil th'
e,,roe committee of the senate 'n"
ST. the trend OF the minds OF the mon.
M ,arv commission is toward some 7"'
lr- Of arrangement for a central BANK
,ss~o which shall control the reseI'
and exercise a power to meeDnd COZ
led troll the casual stringency Wnicn l'o'
80 limo ~ time will come in the circuia
a. inc medium OF the country and VI
in world. 49,, o.,
can two INDISPENSABLE requirements III al
u0t o1or IN he adopted involving cenu
49, banl, Of issue The one is that the co
,rol of the monetary system shall
'Ing kent free from Wall street inilue"o'
itu- and the other that it shall not De II
d TO inundated for political purposes he
ow- are two principles to which we can
ia s,,bscrihe II is quite possible thal l
Id renort OF the commission OF uelin
~ conclusion may be delayed BEYOND
o"'" nevt session of congress. Meah'l
the members OF the commission in'e
20 institute a campaign OF educsu
Var iD order 10 arouse public opinion
Con- Tho necessitv OF change In our IN
here o,orv and banking systems, and 10
Il in .dvantages that will arise from pl
Mon. INC eome form of control over
D be money market anu Vi. -. =, an
% hands Of an intelligent body OF III
i ~ niors resnonsible TO the government
sman GERS
Aldrich 10 Lecture on Currency Def'
~ am told that Mr.. Aldrlch
nous Swing around the circle IN the
Va, ont fall and will lecture in many
were the cities of the middle west on
for defects and needs of our none
arre'' evstem. cannot too strongly app
.,i,n,. of this proposal. Mr.. Aldrlch' WI
~ ny tho leader of the senate. and cer'a
vas ono of the ablest statesmen IN Il
hange cial matters in either house has
q out regarded with deep suspicion by II
kept neonle. especially in the west H.
1t. 1t bis clear.cut ideas and simple Oh
UNI fective style OF speaking he N
annarent to the western people WI
believe to be his earnest desire u
say' the people and to crown his pol
News career by the preparation and pas
Of a bin which shall give MS
ungry and safe monetary and banking
I'D tenn IL would be long step toyal
'uc', " moving the political obstacles
a., ~ The nroner solution of the question
q come
d of "a Mother Falls Upon Baby and It
ng that Pitsbure Sept IS. - henne
from o lewis seven weeks old died 1T
people f +ro eIrlu az the HOY