Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-11-17
Serious Question Before Amer
lean People is to Devise Ways
and Means For Financing
Federal Enterprises,
APPROPRIATIONS PASS
BILLION DOLLAR MARK
Tells Trans Mississippi Con-
greSS National Lawmaking
Body Welcomes Suggestions
From Such An Organization,
inv Noralus Iourna special Leased wirei

ia, Noraox Iousnn special Leased wirel
Kansas CITY, Nov rs. Improve
ment of inland waterways. the rela-
ton OF the business man and the
farmer to the proposed parcels post,
and the effects OF legal restrictions
upon national Industrial conditions
were the subjects given special COM
sideration by the Trans Mississippi
Commercial congress today
The attitude Of the congress toward
the parcels post viii not be determine
cd until after committee on resolu-
tions reports tomorrow, when the
question viii be settled ON the floor
The sentiment IN favor OF the i'm.
provement of inland waterways was
unanimous and two speakers declar-
ed that too much political activity IN
the gulse of reform was paralyzing
the business OF the country.
champ Clark, speaker OF the ma
tional house OF representatives, dellv-
cred the principal address tonight
After commencing the non.partlsan
spirit OF the Trans Mississippi con.
gress In formulating and presenting
its recommendation TO the national
congress, speaker Clark explained
why governmental economy was
necessary. He said the scrious uues-
tion IN beginning new enterprises or
in greatly augunentins old ones, was
TO devise ways ahd means 10 raiae
the money needed
He said the distribution OF the fed
eral government was about eaual to
It's revenues and that 'our annual APP
preparations have passed the billion
dollar mark"
He said that the greatest aAd most
important question which the CONF
meroin congress could assist the con-
gress of the United states In solving
IA the Inadequate transportation facil-
tiles. The remedy. he said. was 60
build more railroads or to make our
rivers navigube. oin faut az well as IN
theory He said the latter plan was
better IA II would be cheaper and
river navigation could not have been
monopollzed az the rivers we're pub
lie highways.
Speaker Clark dlrresaed from his
set speech to express his dis
approval OF the proposed changes
IN The nations currency and banking
system MS outlined by Former United
states senator Aldfch. chairman OF
the National Monetary commission
United states Senator James Reed
also spoke In opposition to the pro-
posed plan.
Laying no claim whatever TO the
character or flnancier' said speaker
CLARK, u am utterly opposed 10 the
creation, eharlcring or authorization
of any institution which VIII deliver
into the hands of a few men. I care
not who they may be OF where they
live, the powers VI life and death, not
only over the bankers Of the country,
but over every business in the land.
Even linancers OF renown differ
widely aa the poles on the Aldrich
plan Many great Ilnanoiers en-
dorse II. some very emphatically,
some very mildly and some very
donbtiullN aud hesltailngly. such
eminent 'and Hueeeasful business men
ns James j. Hil and Leslie M, Shaw.
secretary OF the treasury under two
presidents, are openly against It on
the ground that the Aldfieh plan is
essentially a monopoly,
Nh shaw says II would be SO prof
table To- a few men who would really
run II that they could well afford To
pay The entire national debt for
perpetual charter asserting that II
would make them absolute masters of
the American business world.
Now, Il such eminent financial
physicians aH Doctors Aldfich, Nree-
land ana lAughlln on the one hand,
and Doctors Hlll and shaw ON the
other hand, disagree SO radically on
this subject would we not be acting
the part ol vao and patriotic men to
wait long enough M least 70 hear hoth
sides w this important and TAR
reaching matter before making up
our minds3 So far II has been large
~ In the nature of an eN+parte pro-
cepdinp only the advocates Of the
plan have had an inning.
"Whv. then, rush pell-mell into
such an important matter Why rem
der verdict prematurely2 Why not
take tme9 Not too much, not too lit
tie. but ample tlme~-thoroughly to
investigate to lind out the sponsor.
10 discover The motive OF this UNDER
taking. co ascertain who arc TO be rs
beneflcarlcs. to learn With deflnlte~
ness the powers proposed TO bo con-
ferred on this concern, to invite all
with information to testify before
committees Of the house or senate.
vigorously 60 oross-examine them--to
discover jukers" II any In this plan
lin short to inform ourselves as we
ought TO be informed touching