The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1913-06-24

nunIfy unless We show that ~ HOW
now 10th 70 aid and to protect III
What shall We say II We make fresh
shtsrpises necessary and als6 make Il
vsfy di6icuit BY leaving all else except
Tie tariff just ~ We found III The
tyrannles Of business. big and little.
ns within the neld Of credit We
know that Shall ne not act upon the
knowledgef Do We not know bow to
act upon IT. II Z man cannot make
bis assets available At pleasure. bis as
sets Of capacity and character and re-
source, what satisfaction IL It to him
to see opportunity beckoning to him
on every hand when others have the
keys Of credit in their pockets and
treat them a. all but their own pri.
vate possession7 II is perfectly clear
that II is our duty to supply the new
banking and currency system the coun-
try needs and that It will Immediately
need It more than ever.
Need ~ Currency Changes.
The only question. When shall we
supply it-now or later. after the de.
mands shall have become reproaches
that we were 20 dull and so slow7
Shall we hasten to change the tariff
laws and then Be lagRards about max
ing II possible and easy for the coun-
try to take advantage Of the changer
There can be only one answer to that
question. We must act now. at what.
ever sacrifice to ourselves. II Ii q
duty which the circumstances forbid
% to postpone ! should be recreant
to my deepest convictions Of public OBJ
1igatious did I not press II upon you
with solemn and urgent insistence.
The principles upon which we should
act are also clear. The country has
sought and seen its path In this mat.
ter within the last few years--sees It
more clearly now than II ever saw It
before-much more clearly than when
the last legislative proposals on the
subject were made. We must have
a currency. not rigid. as now. but read.
lily, elastcally responsive to sound
credit, tho expanding and contracting
credits Of everyday transactions, the
normal ebb and dow Of personal and
corpvrate dealings. Our banking laws
must mobilize reserves. must not per.
NIT the concentration anywhere in a
few hands of the monetary resources
OF the country or their use for specula.
tive purposes In such volume az to
hinder or impede or stand in the way
OF other more legitimate. more fruit.
ful uses. And the control Of the sys.
tenn Of banking and OF issue which our
new laws are to set up must be public,
not private; must be vested In the gov.
ernment itself, so that the banks may
be the instruments. not the masters, Of
business and Of individual enterprise
and initiative.
Committee Ready 70 Report
The committees Of the congress to
which legislation Of this character 10
referred have devoted careful and dis.
passionate study to the means of ac-
complishing these objects. They have
honored me BY consulting me. They
are ready to suggest action. have
come to yvu. ~ the head Of the gov.
ernment and the responsible leader Of
the party In power, to urge action now,
while there ID time to serve the coun.
try deliberately and 40 we should. in q
clear air Of common counsel.
] appeal to you with q deep convic.
ton Of duty. ] believe that you share
this conviction. therefore appeal to
you with confidence. am at your
service without reserve to play my
part in any way you may call upon me
to play 1t In this great enterprise Of
exigent reform which It will dignity
and distinguish Us to perform and dis.
credit us to neglect