The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1909-09-15

CONTINUED from Page Ono.l
ly late this afternoon and arrived at
the hall escorted by the natiosal Ian
GERS. the governors body guard The
streets about the hall were thronged
with cheering crowds when the caval-
eade drew up.
The presidents reception preeed-
ing the banquet began Immediately
What Taft Said.
Taft said: Occasionally ! hear the
query. why should I start on such a
trip, and what particular good does
Il do TO anybody IL isn't going to
be a pleasure trip although | shall
enjoy IT, IL will involve much hard
work and mental effort 20 think Of
these things to say. and say, them
simply and clearly. but II will certain
| ~ give me a much more accurate I'm.
I preston OF the views OF the people
in the sections visited. II will bring
me closely TO the needs of particular
sections. az far as national legisla-
I ton Is concerned: ard executive ac-
ton Is concerned: ard believe will
make me a wiser and a better public
officer
81 ought to be able to explain some
OF the difficulties OF government
some problems OF solution from the
standpoint OF the executive and legls.
lator as distinguished from that OF
the honest but irrepressable critic
Personal touch between the people
and the men to whom they temparar-
\ ily delegate power. OF course. con-
duces to a better understanding be-
tween them.
banking and Monetary System.
1T Is certain that our banking and
moneyiary system Is a patched up
AFFAIR which satisfies nobody. The
monetary commission. which has
been studying the financial and bank
ing systems OF the European govern
ments. will soon publish the best ac.
counts OF the worlds financial sys-
tema II Is apparent that the trend
OF the minds OF the monetary commits
sion Is toward a central bank of issue
which shall control the reserve and
exercise power to control stringen-
cies.
1.-THE Commissions conclusions may
be delayed beyond the next session q
congress Meantime the commission
ers Intend TO institute a campaign OF
education In order to arouse public
opiniop 10 the necessity OF change
In our monetary and banking sys-
tens. and to have the advantages OF
placing some form of control over the
money market and reserve in the
hands OF an intelligent body of fnan
ciers responsible TO the government
| am told that Senator Aldrich. chair
man Of the commission. will lecture
in many cities in the middle west on
the defects OF the monetary system
| cannot too strongly approve this
Aldrich. who Is a leader of the sen.
ate and one OF the ablest statesmen
in financial matters In either house
has been regarded with deep sus.
picion by many people. especially In
the west. II. with his clear ideas aud
simple effective style OF speaking. he
makes apparent TO wastern people his
desire TO crown his political career
by the preparation and passage OF a
bill which gives us sound and safe
monetary banking system, II would
be long step toward removing po-
litical obstacles TO a proper solution.
The Tariff Bill.
II am not going to discuss the mer
its and dement's OF the new tariff
bill with you. shall often refer TO
that before the journey is ended. 1t
Is sufficient to say that the passage
OF the bill has removed the disturb
Ing element in business. Nor shall
| dwell on the necessity of amending
the Interstate commerce and anti
trust laws and the organization of
the government departments with a
view to promoting greater efficiency
and expedition in the settlement OF
controversies arising under them
During Roosevelt's administration we
were all struck with the necessity Of
reform in business methods, and the
necessity of simplifying the law TO
make II clear to corporate managers
what they can and cannot do.
1--WE are, believe, on the eve Of
another great business expansion