New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-11-12
Reform Urgently Needed.


We have lived without this reform. but
| that merely means we have been strong
/ enough to endure. And We can still live
with the threat of panics hanging over us.
| but why should We? Why shouldn't Con-
gress give us relief? As long as we have
the present banking and currency system
we shall have panics, and no longer Does
not this alone create state of emergency?
! Why should II take another wasteful and
degrading panic to impress Congress?
Why cannot 1907, from which the people
are still recovering. suffice? There are many
other things of prime Importance TO he Sc
cured through currency reform, but IL
nothing more than emancipation from pan
ics We're secured. there would be an album
dance of imperative reasons for Immediate
FACTION by Congress.
The National Reserve Association Is pro-
posed for the benefit of the people This is
a peoples and not a governments mea-
that ID can secure legislation of the right
sort at once.
This plan as II stands or will stand
when presented to Congress, may be called
the deliberate, seasoned and experienced
work not only Of the Monetary Commits
sion. but of the nation itself Many con-
trbuted to II, studying all the appropriate
knowledge OF the world even before the
chairman organized his celebrated tenta-
tive proposal. And then Mr.. Aldrich, with
remarkable practical wisdom, placed his
tentative plan before the people, inviting
consideration and amendment.
This judicious course met with such wide
spread and almost universal response from
the press and the public that the final
making of the plan was promptly nation
allied. And such capital work resulted.
either Of seasoned approval and commenda-
ton or OF suggestion and amendment. that
the plan as II will be proposed 10 Congress
may well he called the product of the ma
tional mind II this plan shall be adopted
BY Congress more of the thought or the
whole nation will have gone to form the
legislation than has gore toward the con-
struction of any other legislation in recent
times The bankers. as individuals and as
organizations, the economists ana publ
cists the entire press of the country ana
Of late the business men throughout the
country. organized and unorganized and
large numbers of intelligent men and wom-
Ell who belong 10 none OF these classes,
have given their min0s to this important
subie ct TO a degree scarcely any one would
have thought possible. That monetary
proposition, with its technic2liueS ana
con1pleXities, should nave become q live In
terest of such large numbers % people IS
astonishing.
This Matchmaking of the proposal that
will he made to CongreSS-thls keen recog-
milton that the reform must not only be
approved by the nation, but be essentlailv
constructed by it-accents tho acumen and
wisdom of the Monetary Commission. For
II is evident that the last thing desired
nv Senator Aldrich and the commission
was that this great reform should seem a
committee proposition. And so the tnal
construction of the plan has been demo,
crafiZed-has been made the interest and
affair OF everybody. That was the right
way To build up and carry forward TINS
movement The movement must he carried
ON the shoulders of large numbers OF the
peonIa of every section OF the country ana
of all shades of politics, notwithstanding
we seem to have at present an unusual
,I.,r of hl1OC