The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1911-12-21
RESERVE
PLAN IS
FAy0nTD
MESSAGE Or PREslDlA1 TT
URGES 4 FINANCIAL lI
RESERVE PLAN Is FAvoezo lH
PREFERENCE TO rhE cEn1n6L
BANK PLAN ADVOCATES ~
ALpRich.

WASHINGTON. Dec. 2l-pr<sl<e<
Tan today sent to conex<<s
money MESSAGE treating ari<ze8
paliy of the finances Of the vaxisa,a
departments Of the eoyernmaok, Hss<
embodyimg recommenIa4icam *a*
important legislation a. we'll 46I6 S.
the presidents third message <h~
session.
The report, which was dez{z1ez
to treat Of the financial ct1kI *.1z4 1<
the treasury, Ieeded bankE1E 4<8
currency refonms and deQe<zH1az<&I
/ questions, is one .of the uto6< E1s.
lportam4 yet sent In the Mn<&&1<
session Of congress-.
| A significant feature OF Il i Hxas-
dent Taftss eanphatfc endor<ense4z< ~
the national reserve plan of fza1<ll
reform as opposed 70 TIE Ec1Lr1<
bank as a means Of prerez<I<z< n<z><<&
IN the future. The presid<E< also
demands Legislation TO pTeza1< Inc
merger Of banlas into the greet s4.
tiOnal money trust, after tia aazz||]r
i lishnent of the national re&erTa A2r
sociation, IL this reform shoaH 13
inaugurated.
Another Strik ing recommends f01 -
for the extension Of ciFiz serF56e u
take from political parties t1s Ne4<-
, ON Of Federal patronaHe. A.r. Iz<<
asks that all local goEernHnk=n4 u<<<
ces throughout the country IzleIu<<&z8
/, collectors of internal neFenzze. cob
lHctOrs of customs, p0GtmaA<ea& q "a
four classes. iEnEnigrati0n c04ana laal1as-
ers and maIshals be f1led az1<zex
ciEh service instead OF By appota<-
ment upon recommendation e ~
president
| The presldeGa also asks that q.
council of national defense be al
thOf'ized by congress IN order fe
promote the security OF the naflon'
against foreignialVasiOn.
The report calls the finamcin1 comr
ditlon OF the government ut the end
of the fiscal Year termi1akizk& J11&
80, 1911 tthe period covered q the
message) very satisfactory.
The report shows the poska1 say
ings banks to be growing raptdIy. Il
eleven months these fnski<lf fon4
have accumulated $ll, 900. 900 IA o.
posts, or averaging $l.000,00o per
month.
/ On the subject OF the Panama
canal, the executive urges that con
gress authorize the president 10
name a schedule OF tolls.
4 nc AO41$SN IA > O~AASl8- %l<1A&A@44<&4H 1+*4@@
] Recommendations some Of which were
previously made in past meszzsen.
f, are set forth:
Six year term of enlistnant for
soldiers, the men to be IN acliye
service for three years and On the
reserve list for three years. pay
to extend over the entire period
Laws for the GENERALIZATION Of FIJI
ipinos.
Laws to allow the immediate sale
i of the friar sugar lands dn the
Philippine ISLANDS in any aanount.
i Government appropriations to FUR
ther project of nayigable waterway
from Lake Michigan to mouth Of M
nois river.
That the president be authorized
J to remove clerks Of Federal courts
for cause.
Immediate enactdon of an employer.
i liability bill
j Extension of power of the United
4 States supreme court and regulations
of lower courts to prevent unnece9-
sary delays and costs.
i Immediate establishments of par
GELS post over rural free delivery
routes, for which $3.50, 900 Is carried
in postoffiee appropriation recommen n
dation.
II steps 10 secure enl Stmen4 OF
1000 more United Sta es sailors.
III Pension plan fo- snpeTannuated
government employees Pres dent Taft
says he is unaiterabiy opposed to any
plan which does not involve contrk
buttons from the employees while they
IRE stGl in the government service
Under the head Of rivers md har-
ors improvement tie president
| rrees that 50 600 COG arms ally lie ap-
propriated for the Improvement OF
he Missouri IHe- be vseen 81.
Louis and Kansas City, instecd OF
5000, 900 as proposed.