The state herald., 1913-06-27
URGES
|RRENCY REFORM
Duty Makes Prompt 40
ton Imperative.
IS MESSAGE TO CONGRESS

ass Men Of Country Should Be
On Banking and Currency sys-
m Which VIII Make Possible
Individual Initiation.
sbington, June 23.-The follow
President Wilson's message to
ress on the subject of currency
m:
Speaker, Mr.. President, Gentle
OF the Congress: 1t 10 under the
pulsion Of what seems to me
and imperative duty that I have
cond time this session sought the
ilege Of addressing you In person.
low, Of course. that the heated
on Of the year is upon US. that
X in these chambers and in the
mittee rooms Is likely to become
den as the season lengthens. and
every consideration of personal
hfort, perhaps. In the cases OF some
us, considerations Of personal
18th even. dictate an early conclu-
II OF the deliberations Of the ses-
n; but there are occasions Of public
" when these things which touch
privately seem very small; when
work to be done il SO pressing and
fraught with big consequence that
know that we are not at liberty to
eIgh against 1t any point of personal
Icrifce. 1t is absolutely imperative
at we should give the business men
this country q banking and curren-
system by means of which they
In make use of the freedom Of enter
Else and of individual initiative
|hich we are about to bestow upon
hem.
We are about to set them free; we
aust not leave them without the tools
Z action when they are free. We are
bout to set them free by removing
he trammels Of the protective tariff.
,ver since the Civil war they have
,alted for this emancipation and for
he free opportunities It will bring
nth It. II has been reserved for us
0 give 1t to them. Some fell in love.
indeed with the slothful security Of
heir dependence upon the govern
ient; some took advantage OF the
helter OF the nursery to set up .
nlmic mastery OF their own within
Is walls. Now both the tonic and
he discipline OF liberty and maturity
re to ensue. There will be some re-
Of purpose and point OF
lew. There will follow a period Of
Ipansion and new enterprise. fresh-
Y conceived. 1t II for US to deter
nine now whether It shall be rapid
nd facile and Of easy accomplish
tent. This II can not be unless the re-
ourceful business men who are to
eai with the new circumstances are
o have at hand and ready for use
he instrumeptalities and convenienccs
Z free enterprise which Independent
nen need when acting on their own
initiative.
It is not enough to strike the
hackles from business. The duty OF
tatesmanship is not negative merely.
Is constructive also. We must show
hat we understand what business
eeds and that We know how to sup.
ly II. No man. however casual and
uperficial his observation OF the con.
itions now prevailing In the country,
an fail to see that one OF the chief
hings business needs now. and will
Ieed increasingly as It gains In scope
nd vigor In the years Immediately
head Of US. is tho proper means by
which readily to vitalize Its credit,
orporate and individual. and its orig.
native brnins. What will II profit us
o be free II we are not to have the
est and most accessible instrumen'
alities OF commerce and enterprise 7
What will II profit us TO be quit OF
ne kind OF monopoly five are to re-
main In tho grip OF another and more
ffective kind! How are we 10 gain
nd keep the confidence OF the bust.
ess community unless we show that
70 know how both TO aid and to pro.
ect III What shall we say n we
mako fresh enterprise necessary and
lso make Il very difficult by leaving
II clso except tho tarin Just as we
ound III Tho tyrannics Of business,
ig and little. lie within tho field OF
rodit We know that. Shall we not
ct upon the knowlcdgc7 DO we not
now how to net upon III II n man
nnnot mako his assets available nt
'Icasurc. his assets OF capacity and
haractcr and resource. whnt satisfac.
lon Is Il TO him 10 SEQ opportunity
'sckoning to him on every hand. when
thers have tho keys OF credit In
heir pockets and treat them ms all but
heir own private posscnsion7 II Ia
'erfcctly clear that II IL our duty to
upply the new banking and currency
ystom tho country needs. and that II
siil Immediately need II moro than
yer.
Tho only question is. When shall wa
upply it-now. or later. after tho do.
nands shall hnvc become rcproacheu