The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-10-04

WAsut&GroS. Oct. 3.-Thc Democratic
tariff revision. the second low tarin law
that has been put on the statute books
tn sey,n,v.fye years. is now a reality.
resident Wilson signed his name to
fo Underwood Simmons bill at $40
o'clock tonight in the presence of an
impressive gathering.
Two hours and fifty minutes later. at
midnight. the new law went into erect
.,,h the exception OF q few items.
with the last stroke of the Presidents
non ending seven months Of continuous
labor on the part Of the Democratic lead
ers and many years Of agitation. the
President arose. and facing the friends
whom he had invited to witness the cere-
mony delivered a speech.
In this address he served notice that
the Democratic party's task was only
half completed, Its journey but half nm
!shed. and that currency legislation must
follow at this session OF Congress.
Completion Of Freedom.
His signing of the tariff bill. the Presi-
dent said. was only the first step In the
from the shackles that had bound them
That freedom. in the Presidents opinion.
viii not be complete until the power 20
create monopoly has been destroyed and
this power is lodged in control or
credit.
The President in the speech sounded
a modest note so far as his personal ef-
forts we're concerned. and generously
granted To others richer share or the
honor. though with Henry V. he ex-
claimed
~ IL he a sin to covet honor. then am
| the most offending soul alive
Here are the Presidents remarks IN
fun,
'I;entlemen: feel a very peculiar
peasure in what ! have Just done by
WAY Of taking part in the completion OF
q .reat piece of business. 1t Is pleas
VI, which is very hard to express In
nnas which are adequate to express
il,e feeling; because the feeling that
ave is that we have done the rank
and nle Of the people Of this country u
vtat service
II Is hard to speak Of these things
si,hout seeming TO 80 of into campaign
Z. aeuce. but that 10 not my feeling.
IT IS one very profound. feeling OF p"o-
found gratitude that. working with the
splendid men who have carried this thing
through with studiOus attention and
doing justice all around. ! should have
had part in serving the people Of this
: country as we have been striving to
scrye them ever since can remember.
u have had the accomplishment OF
something like this at heart ever since !
was a hoy. and I know men standing
around me who can say the same thing
uno have been waiting TO see the
things done which II was necessary to
IN IA order that there might he justice
In rh- United States.
Only Half Of the JOsrsey.
And 80 it is solemn moment that
brings such a business to a conclusion.
and hope ] will not be thought to be
'Hniandins too much Of myself or Of my
O.lsagu.s when | say that this great
as It .s, is the accomplishment OF only
iolf the journey.
We have set the business Of this
''untry free from those conditions which
Ave made monopoly not only possible
.I. in sense. easy and natural. But
here Is no use taking away the condi-
''ons Of monopoly II we do not take away
also tne power 10 create monopoly; and
Tat is n financial rather than q merely
. ,ircumstantiai and economic power.
THE power to control and guide and
direct the credits OF the country is the
: power to say who shall and who shall
not build up the industries Of the coun.
iy, in which direction they shall be
built, and in which direction they shall
not be built,
We are now about to take the second
'"p which Will he the hnai step In set
'ug the business OF this country free
~ Is what We shall do in the currency
h''i which tho Iious. has already passed
MD which / have the utmost confidence