The San Francisco call., 1909-09-15
Outlines Matters to Be Submit
ted to Next Congress in
Address at Boston
Revision of Monetary System
With Central Bank of Issue
Advocated by President
Flags Governor Johnson of Min
nesota for Attempt to Cre-
ate Sectional Feeling

DOSTON, Sept. IA = President
hTaft, in addressing banquet of
the Boston chamber of commerce
tonight, said he was going to take
his western trip because he believed
it would enable him to be a much
more efficient president and make
him better acquainted with the needs
of that great section. He also out
lined some of the matters to be sub
mitted to the next congress.
Il am on the eve of Beginning a
journey of $4,000 miles in length"
said Taft, which will enable me to
see tens and hundreds of thousands
of my fellow citizens and enable them,
hope, to sec me. Occasionally I
hear a query, why I should start off
on such trip and what particular
good does it do TO anybody
Involves Hard Wort.
We'll, it certainly is not going to
be pleasure trip, although I 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 viii certainly
give me very much more accurate
impression as to the views of the
people in the sections which | visit.
1t will bring closely to me the needs
of particular sections. so far as ma
tional legislation is concerned. and 7
believe it will make me wiser man
and a better public officer.
Il ought to be able to explain to the
people some Of the difficulties OF gov
ernment and some of the problems for
solution from the standpoint of the ex-
ecutive and the legislator as distfn-
guished from that Of the honest but. ir-;
responsible critics. The personal touch
between the people and the men to whom
they temporarily delegate power. of
course, conduces TO a better under
standing between them.
This is the second week In Sep
tember- We are all ending our vaca-
tions and going home. This is the time
of year. rather than the first OF the
calendar year, when good resolutions
ought TO be made-and kept as far as
possible.
Consider Country's Needs
''This is the time when. looking
forward to the coming again OF the
congress in December, one must con-
slider the needs of the country SO far
as they may be relieved by congress
sional legislation and attempt to state
what that legislation should be.
Our chairman has made some ref
erence to the number OF subjects to
which the attention OF congress may
well be directed In the first place,
there is the monetary situation While
it is probable that the vreeland bill
would aid us,in case Of another hnan-
cial crash, it is certain that our bank
ing and monetary system is a patched
up affair which satisfies nobody, and
least OF all those who are clear headed
and have a knowledge OF what inan-
cial system should be.
The matter has been referred by
congress to a monetary commission.
which has been studying the financial
and banking systems of the great gov
ernments of Europe and has embodied
and will publish in interesting and at
tractive form the best accounts or the
financial systems of the world
1T is quite apparent from the state
ments OF vreeland. now the head of
the committee on banking and cur
fency in the house. and from the con-
versations of Aldrich. chairman of the
monetary commission and of the finance
committee Of the senate. that the idea
of the monetary commission is for
some sort of arrangement for central
bank Of issue. which shall control the
reserve and exercise a power TO meet
and control the casual stringeney which
from time TO time viii come in the
medium of the country and
the world
Control Money Market
Mr. Aldrich states that there are
two Indispensable requirements in any
plan involving central bank Of issue.
The one is that the control OF the
monetary system shall be kept free
from Wall street influences, and the
other that 1t shall not be manipulated
for political purposes These are. two