The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1910-03-19
spread ali through the land. and con-
gress has felt the effect.
preoarino Financial Measure.

gress has felt the ehoct.
Preparing Financial Measure.
Now that President Taft has sent
to congress all of his important recon-
mendations that he has a hope will
be enacted into law this winter. he is
turning his attention to the question
of financial legislation which must oc-
cupy the time and minds. Of the ma
tional legislators. Senator Aldrich,
who is the chairman of the national
! monetary commission, is in constant
conference with the president over
the form which the great financial
measure Is to take. The president be-
lieves that Senator Aldrich, In this
| matter of reform of the currency. Is
absolutely sincere and that the Rhode
| Islander hopes to make constructive
financial legislation something like
monument to his legislative memory.
1t can be said that the chances are
| 80 In 100 that 1t is the intention OF
the administration, on the advice OF
the majority of the monetary COM
mission, to recommend to congress
| next year some plan for central
bank of issue. In all the speeches
which Senator Aldrich made in the
west and in all the interviews to
which he has submitted since congress
assembled, he has made no direct
statement that he is in favor of
central bank, but 1t is known that his
mind and attention rest upon such an
institution as one of the best means.
as he views it, to make stable the
country's financial system.
Details Not Worked Out.
The president has had presented to
him a number of different plans for
a central bank, but to none of them
has he given final preference. and 1t
can be said without fear of contradic-
ton that Mr.. Aldrich himself has not
stated definitely just which plan he
thinks should be selected for ultimate
approval Mr. Taft wants a central
bank, If the country is to have one.
which in a measure will be a mean
between two extremes.
President Taft has let it be known
| that it is his earnest desire that legis-
iation intended to give stability to
the country's currency shall have at
tached to it no faint of suspicion OF
what is generally called Wall street
influence The president is telling his
friends that he is confident, from what
Senator Aldrich tells him, that the
Rhode Islander is no less anxious than
he to see to it that Wall street shall
in no way be given an entering wedge
of influence by means Of the iegisla-
! ton when it is finally enacted.
Gift for the Kaiser.
The house of representatives has
just passed bill appropriatins
$4,000 for a replica of the statue OF
the Baron Won Steuben which is to
be erected soon in Lafayette square
, Washington. The replica of the
statue, if the senate sanctions the
house action and the president signs
the bill, will be sent to Kaiser
Wilhelm and the German people In the
, name of the people of America as Q
grateful recognition of the services oil
, Won Steuben to the American colonies
when they were trying to throw on
the yoke of Great Britain.
/ The movement to present the vor
Steuben memorial to Germany was In
itiated by Representative Richard Bar
, tholdt of st. Louis. Mr.. Bartholdt was
born in Germany. but he has lived
in this country great many years
It is perhaps possible that the st
. Louis representative had the German
, people in mind more than the Ger
, man emperor when he first though
of plan to present the Won Steuber
$ memorial to the fatherland. Once OF
> Mr.. Bartholdt was in Berlin and de
. string to pay his respects to the EN-
!. | peror, he requested an audience ant
Z described himself as a German-Amer
g lean. It Is said that Emperor vii
o liam remarked. Germans know ant
!. Americans know, but German-Ameri
!. cans do not know" This was thu
emperor's way of intimating that ;
i. man must be one thing or the other
: and that he did not like hyphenate,
!. nationalities.
2 Meant as Return Compliment.
t The gift to Germany will be sor
Il Of return compliment for the gif
e which Wilhelm made to the Unite'
l. States eight years ago of the statu
a of Frederick the Great. 1t was wit
Il Frederick the Greats permission tina
h Baron Won Steuben or Gen. Steuber
e as he came to be known in Americs
y was allowed to come to this countr
e to act as a sort of drill-master-ir
e chief to the Continental armies Gel
o many, it is said, has always felt NOR
l. or less keenly a regret that Amer
e cans should have thought principal
e about Germany's attitude in the re'
1t dictionary war as one made NANTES
II by the dispatch of the Hessian hir'