The Snyder signal. (Snyder, Tex.) 1887-????, 1913-06-27
WILSON URGES
CURRENCY REFORM
President Says Country Must Have
Tools with Which TO Work,
And Have Them Now.

President Wilson went before Con-
gress last Monday and read his mes
says urging currency reform. lie says
that the tariff reform will be to an
's'extent ineffective unless the country
is given a system OF currency that
will meet the conditions of CONNER
cial freedom.
The President says in part:
ut is absolutely imperative that
We should give the business men of
this country banking and currency
system by means of which they can
make use Of the freedom of enter
prise and OF individual initiative
which we are about to bestow upon
them.
We are about to set them free; we
mua 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 protec-
tive tariff. Ever since the Civil war
they have waited for this emancipa-
tion and for the free opportunities
Il will bring with it. II has been re
served for us to give Il to them.
Some fell In love indeed, with the
slothful security of their dependence
upon the government; some took ad-
vantage OF the shelter of the nur-
sery to set up mimic mastery OF
their own within It's walls. Now both
the tonic and the discipline Of liber-
ty and maturity are to ensue There
will be some readiustments of pur-
pose and point OF view. There will
follow period OF expansion and new
enterprise, freshly conceived. II Is
for us to determine now whether It
shall be rapid and facile and Of easy
accomplishment This It cannot be
unless the resourceful business men
who are TO deal with the new circum-
stances are to have at hand and
-. ready for use the lnstrumentalities
and conveniences Of free enterprise
which Independent men are ask
Ing on their own initiative.
II is not enough to strike the
shackes from business. The duty of
statesmanship is not negative mere
Is. II is constructive also. We must
show that we, understand what bus
mess needs and that we know how
to supply Il. No man, however casual
ind superficial his observation OF the
conditions noN prevailing In the
country, can ail TO see that ono OF
the chief things business needs now
and will need Increasingly as It gains
In scap, and vigor in the years im'
mediately ahead OF Us is the proper
means by which readily to vitalize
It's credit. corporate and individual
and its originative brains. What Will
II yfofii us to be free II we are not
2 20 have the best and most accessible
y ,nstrumentalltles OF commerce and
enterprise? What win d profit us to
no quit OF one kind OF monopoly II
we are TO remain IN tho grip Of an
other and more effective kind? How
are we to gain and keep The co7fid-
ence OF the business community pn-
l.ss we show that we know how both
ID aid and to protect IT. What
shau we say II we make fresh en-
terpr,se necessary and also make II
very difficult by leaving all else ex-
cent the tariff just as we found q?
TIE tvrannies Of business, big and ht
= ro lie within the field Of credit. We
knew that. Shall we not act upon the
knowsedEeg Do we not know how TO
aet upon n? II a man cannot make
: hls assets available at pleasure MS
aks9ts OF capacity and character ano
resources, What satisfaction is Il to
him 70 see opportunity becoming to
him on every hand, when others have
the KEYS OF credit In their pockets
and trcct them as all but their)own
private possession? Il Is perfectly
clear that Il Is our duty to supply the
Rew banking aud currency system
the country need0. and that II VIII
1 Immediately need 4 more than ever
The only. question is when
shall we supply it-now, or later al
ter the demands shall have become
reproaches that We we're 50 dull ana
A. slow7 Shall We hasten to change
the tariff laws end then be lasgaros
about meking it possible and easy
Tor the country 10 take adVantaee OF
the-,hanreg There can be only one
snswer to that question We must
act now. Al whateser sacrifice 70 cur