Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1913-06-23
MESSAGE IS READ BY WILSON AT
JOINT MEETING OF BOTH HOUSES
MUST MAKE SACRIFICES THAT
PROMPT ACTION lMAY Be TAKEN

anu lllliei lie WilHln tue ieiu Oh
credit We know that. Shall we not
act upon the knowledge? Do we
not know how to act upon it? If a
man cannot make his assets available
at pleasure. his assets of capacity and
character and OF resource, what sat
isfaction is TO him TO see opportunity
beckoning 10 him on every hand,
when others have the keys Of credit
in their pockets and treat them as all
but their own private possession?
1t is perfectly clear that it is our
duty TO supply the new banking
and currency system the country
needs, and that it will Immediately
need il more than ever
"The only question is, when shall
we supply it-now, or later, after
the demands shall have become re-
proaches that we we're so dull and
so slow? Shall we hasten to change
the tariff law and then be laggards
about making ii possible and easy
for the country TO take advantage OF
the change? There can be only one
answer to that question. We must
act now, at whatever sacrifice to
ourselves II is duty which the
circumstances forbid us to postpone.
should be recreant to my deepest
convictions of public obligation did
| not press 1t upon you with solemn
and urgent insistence.
THE principles upon which we
should act are also clear, The coun.
try has sought and seen its path In
this matter within the last few
4 years sees it more clearly now than
|, il ever saw il before-mueh more
clearly than when the last legisla
( tive proposals on the subject were
made We must have currency
not as rigid as now, but readily
elastically responsive TO sound credit
the expanding and contracting cred
its of every day transactions the nor
: NAL ebb and flow of personal and cor
. porate dealings Our banking lawi
= must mobilize reserves; must no
J. permit the concentration anywhere il
+ few hands Of the monetary resourc
J. res of the country or their use TO
s speculative purposes in such volum'
; as to hinder or impede or stand II
/. the way OF other more Legitimate
e more fruitful uses. And the contro
e of the system OF banking and OF il
J. sue which our new laws are to Sc
; up must be public, not private, mus
II be vested in the government itseli
h so that the banks mays be the instrl
J. ments, not the masters, of busines
e and of individual enterprise and il
r. itiative.
II THE committees Of the congres
" to which legislation OF this characte
Is is referred have devoted careful an
Il dispassionate study TO the means
" accomplishing these objects. The
,e have honored me by consulting m
N They are ready to suggest action.
r. have come to you, as the head of II
I'd government and the responsible lea
as er Of the party in power to urge a
Sc ton now, while there is time
IN serve the country deliberately al
as we should, in clear air OF col
he mon counsel appeal to you with
of deep conviction Of my duty. belize
Iy. that you share this conviction.
st therefore appeal to you with con
ST. dence. am at your service witho
wv reserve to play my part in any WI
as. you may call upon me to play 1t
of this great enterprise of exigent
he form. which it will dignity and d
of tinguish us to perform and discre'
Dw us to neglect"