Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-06-23
Wilson's Appeal for
CurrenCy's Reform

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is under the compulsion of what seems clear
and imperative duty that have second time this
session sought the privilege of addressing you in per
upon u.s. that work in these chambers and in the commit
is likely become burden the season length
consideration personal convenience
personal comfort perhaps in the of OF us
considerations of personal health even dictate an early
of the deliberations of the session. but there are
public duty when these things which touch us
privately very small when the work to be done SO
pressing and fraught with big consequence that we
know that we are liberty to weigh against any
point of personal sacrifice, We the presence
of such occasion 1t is absolutely imperative that we
should give the business of this country banking
currency system by of which they make use
of the freedom of enterprise and of individual initiative
which about to bestow upon them
WE ARE ABOUT TO SET THEM FREE
We about to set them free must not leave them
without the tools of action when they free We are
about them free by removing the rammes of the'
protective tariff Ever since the Civil War they have
waited this emancipation and for the free opportuni
ties it will bring with it. 1t has been reserved for us to
give it to them. fell in love- indeed with the soth
full security of their dependence upon the government
took advantage of the shelter of the nursery to set
IN mimic mastery of their own within its walls Now
both the tonic and the discipline liberty and maturity
There will be readjustments of pur-
pose and point of view There will follow period OF ex
panson enterprise freshly conceived 1t is for
to determine whether it shall be rapid and face and
of easy accomplishment This not be unless the
resourcefu business who are to deal with the new
circumstances to have at hand and ready for use the
instrumentates and conveniences of free enterprise
initiative.
WHAT CRAFTSMANSHIP REQUIRES
1t not enough to strike the shackes from business
The duty of craftsmanship is not negative merely 1t is
constructive also. We must show that we understand
business needs and that know how to supply it.
No man. however casual and superficial his observation
of the conditions prevailing in the country can fail
to that of the chief things business needs now and
will need increasingly gains in scope and vgor in the
years Immediately ahead of is the proper by
which readily to vtalize it's credit corporate and ndi
be free if have the best and most
ibe insrumentaities and enterprise? What
will it profit to be quit kind of monopoly if
remain in the grip Of another and effective
kind? How to gain and keep the confidence OF the
business community unless we show that we know how
both aid and to protect it? What shall say if we
make fresh enterprise necessary and also make
difficult by leaving all else except the tariff just
found it?
TYRANNY is IN FIELD OF CREDIT
The tyrannies of business big and little lie within the
field of credit We know that. Shall we not act upon
the knowledge? Do not know how to act upon it, If
a not make his assets available at pleasure his
assets of capacity and character and resource what salts
faction it to him opportunity reckoning to him
every hand when others have the keys of credit in their
pockets and treat them all lat their private posses
sion 1t is perfectly clear that it is duty to supply
the banking and system the country needs
and that it will Immediately need it more than
The only question is, When shall supply it-now,
later after the demands shall have become rproachs that
dull and so slow? Shall we hasten change
the tariff laws and then be aggards about making posi-
BILE and easy for the country to take advantage of the
change? There can be only TO that question
We at whatever sacrifice ourselves 1t is
a duty which the circumstances forbid postpone.
should be my deepest convictions of public OBJ
legation did press upon you with solemn and urgent
nsstence.
PRINCIPLES ARE CLEAR
The principles upon which should act are also
The country has sought and its path in this matter
within the last few 1t clearly than it
it before-much clearly than when the last
legislative proposals the subject made. We must
have currency not rigid now but readily eastcaly
responsive to sound credit the expanding contracting
credits of everyday transactions the ebb and flow
of personal and corporate dealings.
Our banking laws must mobilize reserves; must nor
permit the concentration anywhere in few hands of the
monetary of the country their for specua
tive purposes in such volume hinder impede
stand in the way of other legitimate, fruitful
And the control of the system of banking and
issue which laws to set up be public
private must be vested in the government itself that
the banks may be the instruments not the masters
business and of individual enterprise and initiative
COMMITTEES HAVE STUDIED 1T
The committees of the Congress to which legislation
of this character is referred have devoted careful
passionate study to the of accomplishing these
jects They have honored by consulting They are
ready to suggest action.
/ have to you, the head of the Government
and the responsible leader of the party in power urge
action while there is time the country de-
iberately and should in clear air of coun
sell / appeal to you with deep conviction of duty. [
halio thntv chs