The evening world., 1913-05-22
MOIu limit
SETTLEMENT, THE
ADVICE TO WILSON
Treasury Anxious for Quick
Action So That Currency
Revision May Be Taken Up.
BUSINESS IS AFFECTED.
Money and Plans for Trade
Expansion Being Held Back
for Definite Legislation.


8Do 3Vo004 Wo819sp
WARRINGTON. May 32.-Ths Treas.
ssy Department which 10 keeping its
anssr on the financial pulse Of the
esuatry. sAvisss President Wilson that
tAsrs IL nssd Of more hssts In settling
che tariff and following II - quickly
- psssibis with revision OF the cur
ssnsy system. VITA these two things
accomplished. the Treasury believes
thAt the country may look for pros
Oerjty and more stable conditions But
shs two questions should bs attended 70
ptomptiy and the psrsod Of uncertainty
enlsA
Ascording to reports received at the
Trsasury. there 10 IN apparent slacksn-
~ Of general commercial business
topding tariff revision. Men having
00ney and plans for Industrial sx-
yossion ere holding 81 until they So
~ 1sAnits outcome Of LEGISLATION.
UvVn moro Urgent than tariff, - the
9S1Asury believes, v the necessity. for
currency revision In order to obviats
~ danger Of money strinssnciss and
RajA The secretary 10 receiving
St&1ssAs Of letters from bankers. ra-
0oeueiag him 10 use efforts 10 hasten
oeaunrss that Will change the present
lpA1seuats systsm.
VT GMoUoH MoNgv IN ciN.
oolArioM ron NArloN'o Ngeos.
aIheys y not enough money In circu.
l4te6 70 accommo1ats the nations vast
veS1as Of businsss. The crying need,
- the Trsasury Ands. 10 . system that
N1psDsrmit Of expansion Of currency
40sst demands that may arise and
o1aibs Automatlcaliy retired when the
SsvoDnfo 10 over. The simple formula
Wpn4 b suppiy Of currency that will
Hse and fall IN volume exactly In &C.
eeroancs With the volume Of 6uAnsss.
fvn1ss The prssaat system. With its al.
0oot unvasying amount Of circulating
mfAlsm. 3 Nttie ssv,asesey ~ scare
rooults IN Withdrawals from circulation
~ booking up and boarding. % that IN
. vsfy short time thssp 10 . panic IN
I saonsy marksts while commercial mark.
- nay b trytsg 70 DO enormous
buDlnGDs.
Banks Throughout the country are
sizing the pressure OF tariff and cur.
Uncy conditions. Reserves are low.
Rtsrsst rates are high. Only short
me loans are being made. and people
~ have money are hanging on to Il
iastsad Of quitting 4 IN circulation. Yet
theee restrictions exist In . period OF
teasrai prosperity unequsilsd In the ma
tDnu's history.
GUNNER cRoPS PROMISE 70 TX.
cggo ALL RgcoRoS.
Ths summer crops promise to exceed
"a records. Our export trade 10 fai
absve anything ever before known
> ~ the twslve months ending April q
NJ the value Il our exports was near.
vAieh was three hundred millions more
tlsa the previous high record.
These sales 70 foreign countries wsrt
Dors than half . billion dollars In sx
eess oe Sur purchase oe foreign goods
sh6wing an enormous balance Of trad,
- Amsrica's favor. IL might be sup
oessd tha& the month a April woult
Ave marked decreases because the new
TAsoR htil was introduced then and II
radical reductions In protective dutis
QaAo known. but the month was tn
eaaasr April for exports and with on
exception the banner April for Imports
In spite Of this wonderful foreign com
osrcs and the prospects OF nature
bounty 1t homo there 10 no boom /,
lsosDtio business.
The Treasury points out that Il 10 Ii
Governments financial Oystsm. not u,