The Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1912-1917, 1913-01-03
VOLUME LII
Washington Notes.
Waghington, d. c., Dec. 30-l2
WILSON'S CABINET.

President elect Wilson is one OF the
most reticent men ever chosen PRESIDENT
of the United States. When reporters
try to get some news out of him about
his cabinet his mouth and tongue seem
to Ce held fast by pad lock.
1t has however leaked out from sour
ces close to Mr.. Wilson that it is very
likely that A. Mitchell Palmer, OF "a,
will be Attorney General, A, S. BuFles0n
Of Texas, will be Secretary OF Agrlcul-
ture and Josephus Daniels of North Car
0lina will be Post Master General.
These names were obtained from what
are considered by newspapers as ''inspir-
ed sources" and while they are not af
firmed or denied by Mr.. Wilson himself
they are no doubt the names he has in
mind at the present time.
HEARING ON THE TARIFF BILL.
The hearings on the new tariff bill
which the Democrats will '-c-Oduce will
commence before the Ways and Means
Committee on January 9th, and it ex-
pected that unusual interest will attach
itself to these proceedings.
THE SOUTH AND PROTECTION.
The South which has been sending
Democratic Delegations TO congress for
years aud years is now an important
manufacturing community and it is
thought that they will show interest in
maintaining protective tariff than they
have ever done since the war. The
South is now literally covered with man
ufacturing establishments and feels the
need of protection same as the manu-
featuring industries of the Central and
New England states do.
FINANCIAL LEGISLATION.
Serious attenti N will be given to fnan-
cia legislation also in the near future.
1t is clearly evident thai the finances
of this country while good are not
on scienleic basis aud the fact of it is
that the country does not possess an in
adequate pp.y of money, with which
to conduct the vast business we carry on.
In the days OF CLAY, Calhoun and Web
ster the leading fnanciers as we'll as
those great Senators reached the conclu-
sion that there should be about one dol
lar {Su for every thirty dollars $500
worth of property, and as this country
now possesses about one hundred and
fifty billion dollars worth of property
there should be five billion dollars (S5,-
00o,000,mO) circulating medium, while
we only have trifie over three billion
dollars in circulation, and consequently
we should have $50 per capita.
We have had great deal of talk about
there being an abundance of money In
the country, and 1t is true that there is a
large aggregate amount of money in a
few hands, but there is not enough
money for the transacting of business of
the country 10 keep it up to that fou-
rishing state of prosperity which is
within our reach. Every autumn when
the time of moving the crops" arrives
the demands for money with which to
move them is so great and the tension
so strenuous that it almost snaps at times,
(and did in 1907, So this one fact alone
proves that there should be an enlarge
ment of the volume of the country's
money.
FRANCE AN EXAMPLE.
France is the most prosperous of any
country in Europe or any one in the
world except the United States, and
France has larger circulation per cap
ita than any country in the world.
France his circulation of over forty