The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-12-24
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reserve act, e-organtzing the nations
banking and currency system, and fur
nishing, in the words of the president,
the machinery. for free and elastic
and uncontrolled credits, put at the
disposal of the merchants and manu-
facturers of this country for the first
time in fifty years.
An enthusiastic applause ran
through the ceremony as the presi-
dent, after affixing his signature, de-
livered am extemporaneous speech
characterizing the desire Of the ad-
mintStration to take common counsel
with the business men of the country
and the latters' efforts to meet the
governments advances as "the consti-
tuition Of peace.
The event came at the close Of a
day OF rejoicing in the national capt.
tai. for congress had recessed for two
weeks for the first time since it con-
vened last April. The democratic
leaders were jubilant because they
had completed two big pieces Of legis-
lation-the tariff and the currency re-
form. in nine months-a performance
which they considered unprecedented
In the history Of the country.
Il need not tell you,'' said the pres
ident to the assembly group as he took
up his pen, that / feel q very deep
qualification at being able to sign this
bill, and I feel that I ought to ex-
press very heartily the admiration I
have for the men who have made 1t
possible for me to sign this bill. There
have been currents and counter-cur-
rents, but the stream has moved for
ward. I think that we owe special ad-
miratfon to the patience and the lead
ership and the skill and the force Of
the chairmen Of the two committees;
and behind them have stood the COM
mittees themselves exercising a degree
this matter which undoubtedly has
redounded to the benefit Of the bill it.
self.
"Then there has grown, as We have
advanced with this business and the
great piece of business which preced-
ed it, evidences of team work that to
my mind have been very notable in
deed. Only constructive action, only
the action which accompliShes some-
thing, fills men with the enthusiasm
Of cooperation, and 7 think that at
this session of congress we have wit
messed an accommodating pleasure and
enthusiasm on the part of the mem
bership of boil houses in seeing sub
stantial and lasting things accom-
plished.
ut is a matter of real qualification
to me that in the case of this bill
there should have been SO consider
able a number of republican votes cast
for it. All great measures under our
system of government are of necesSi-
tyr party measures for the party of the
majority is responsible for their or.
ganization and their passage, but this
cannot be called a partisan measure
1t has been relieved OF all intirnatior
of that sort by the cordial co-opera-
ton of men on the other side OF tht
two houses who have acted with u:
and have given very substantial reas'
ons and very intelligent eason fol
acting with us. So that / think WE
can go home with the feeling that W.
are in better spirits for public serv'
ice than we were even when we con
yened in April.
"As for the bill itself, I feel that WI
can say that 1t is the first Of a series
of constructive measures by which
the democratic party will show that /
knows how. to serve the country. II
calling 1t the first of a series OF con.
Nstructfve measures / need not say tina.
am not casting any reflections or
the great tariff bill which preceded 1t
1.-THE tariff bill was meant to remove
those impedilnents to American in.
dustry and prosperity which had 81
long stood In their way. It was 8
great piece OF preparation for thu
achievements Of. American commerce
and American industry which are Ger.
tainly to follow. Then there came up
on the heel of it this bill. which fur
nislea the machinery for tree gae