Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1913-06-25
WILSON MESSAC
ON ThECuRRENCY
President Urges Congress to
Pass New Law.
ASKS FOR ACTION At ONCE
Chief Executive Tells Congress tho
Need Of Immediate Changes in
the Banking Laws.
ASKS FOR ACTION At ONCE

washington, June 23.-Presiden1
Wilson personally read the following
message to both houses of congress
in joint session:
"Mr. Speaker, Mr., President, Gen
tlemen Of the Congress-It is under
the compulsion of what seems to me
a clear and imperative duty that
have second time this session
sought the privilege of addressing
you in person. I know, Of course
that the heated season of the year
is upon us, that work in these cham
bers and in the committee rooms is
likely to become burden as the sea
son lengthens and that every consid
Grafton of personal convenience and
personal comfort, perhaps, in the
cases of some of us, considerations
of personal health even, dictate an
early conclusion of the deliberations
of the session. But there are occasions
of public duty when these things
which touch us privately seem very
small, when the work to be done is
so pressing and so fraught with big
consequence that we know that we
are not at liberty to weigh against
1t any point of personal sacrifice
We are now in the presence of such
an occasion. It is absolutely i'm
perative that we should give the bust
ness men Of this country a banking
and currency system by means OF
which they can make use of the free.
dom of enterprise and of individual
initiative which we are about to be,
stow upon them.
Must Leave Tools Of Action.
eve are about to set them free.
We must not leave them without the
tools of action when they are free.
We are about to set them free by re.
moving the trammels of the pro.
tcetive tariff. Ever since the Civil
war they have waited for this eman.
cipation and for the free opportuni
ties it will bring with it. It has been
reserved for us to give it to them.
"Now both the tonic and discipline
OF liberty and maturity are to ensue
There will be some establishments OF
purpose and point of view. There will
follow a period of expansion and new
enterprise, freshly conceived. It is for
us to determine now whether it shall
be rapid and facile and of easy &C.
complishment. This it cannot be un-
Tess the resourceful business men who
are to deal with the new circum.
stances are to have at hand and ready
for use the instrumentalities and con.
veniences of free enterprise which in.
dependent men need when acting on
their own initiative.
1T is perfectly clear that it is ou1
duty to supply the new banking and
currency system the country needs
and that it will Immediately need il
more than ever.
Need of Currency Changes.
1--WE must act now, at whateve,
sacrifice to ourselves. 1t is a duty
which the circumstances forbid us tc
postpone. I should be recreant to my
deepest convictions of public obliga
tons did I not press it upon you with
solemn and urgent insistence.
"The principles upon which we
should act are also clear. We must
have a currency, not rigid as now
but readily, elastically responsive tc
sound credit, the expanding and con
tracing credits of every day transac
tons, the normal ebb and flow Of
personal and corporate dealings. Ou1
banking laws must mobilize reserves
must not permit the concentration
anywhere In a few hands of The
monetary resources of the countr,
or their use for speculative purpose:
in such volume as to hinder or i'm
pede or stand in the way Of othel
more legitimate, more fruitful uses
And the control of the system o
banking and of issue which our new
laws are to set up must be public
not private; must be vested in tn,
government itself, so that the bank.
may be the instruments, not tn,
masters, of business and of individu
al enterprise and initiative.
Committees Ready to Report.
1.-THE committees of the congress
to which legislation of this characte
is referred have devoted careful an:
dispassionate study to the means 0
accomplishing these objects. The
have honored me by consulting me
They are ready to suggest action.
have come to you, as the head of tn,
government and the responsible
leader of the party in power, to urg,
action now, while there Is time t.
serve the country deliberately and a.
we should, in a clear air OF common
counsel.
II appeal to you with a deep con
viction. Of duty. I believe that yoo
share this conviction. therefore an
peal to you with confidence. I an
at your service without reserve t.
play my part in any way you ma,
call upon me- to play it I'm this grea
enterprise Of exigent reform which
will dignity and distinguish us to pei
form and discredit us to neglect"
FRIEDMAN QUITS AMERICA
Berlin Physician Fails to Say When
He Will Return.
New York. June 18.-Dr. Frederick