The chronicle=news., 1913-06-23
TRINIDAD. coLo~ MONDAY EVENING. JUNE 1913

that II will Immediately need
,re than ever" said President
~ We hasten to change our
tarii VS. and then be laEKsrds
about ling Il possible aud easy
;os th, country TO take advantage
Of th> change! There can he only
one answer to that question. We
must act now. at whatever scerifice
to ourselves 4
The president gave nj direct en-
dorpemcnt to the Glass Ct rrcncy bill
which il TO form the asis for the
Democratic revision OF the banking
laws. but In indirect Language made
IL known that Il had been prepared
with his council aud approval.
The committees Of congress to
which legislation Of this character
II referred have devoted careful aud
dispassionate study to the means Of
accom- plixhing those Objects" he
said In conclusion.
They have honorcd me Sy con-
suitiax me. They are ready to sux-
kest action"
Wee President Marshall appeared
at the center door OF the hail at the
head OF the senators. mnrchin. two
by two. The vice president took
scat beside speaker Clark and the
Senators took the seats In tho front
rows OF the Democratic side.
Speaker Clark announced rcpresen-
talivcs Underwood. Fitzgerald and
Mann Ms members Of the committee
to escort President Wilson Ia. the
chamber. The vice president an
nounccd senators Kern. Read and
GRiiinxcr as the senate members.
There were many abscntccs among
the house members and whole rows of
seats In the rear Of the hall were
empty. Mrs. Wilson and two of the
Presidents daughters. with n party
Of friends. took seats In the cSccu-
tive gallery and several diplomats
attended.
President Wilson motorsd to the
capitol through n steady rain. lie
went directly to Speaker Cirrk's Of.
flee where he WAS met by the joint
committee and escorted to the ros-
trum In the hall. The house door
keeper then dashed into tho cham
bcr and shouted:
THE President Of the United
States"
Galleries ind tho floor arose as
tho Prcsidsrs walked In lrant os the
Speakers lobby and With = nod TO
tho Speaker and tho Vice President.
mounted the xteps Ito the clerks
desk.
- present to tho 63d congress the
President of the United States" an
nounccd Speaker Clark.
Addressing first the two presiding
officers. the President turned to the
desk nnd In a low. even voice that
was never raised. but which penc-
tratcd clearly to every ear In the
hnmbcr. began reading his address.
Not "a stir from the audience inter-
ruptcd.
II took the President "a little more
thah nine minutes ID read his address
and Its conclusion was greeted by n
round OF applause. AZ the President
left the Chamber he shook hands
with Speaker Clark and Vice Prcsi-
dent Marshall. The Speaker dis
missed the joint session and then the
senator's filed out. to return to their
own chambers.
The house adjourned at 1911 un-
I'll IL o'clock Tuesday.
Washington. D. C., June ga
President Wilson freely discussed
Glass currency bill with the Wash
inEton correspondents today at the
regular semi weekly conference and
made iii plain that he intends to
stard as firmly behind 1t as he does
behind the tariff bill. The general
PRINCIPLES of the bill Mr.. Wilson con-
siders clearly dcfensiblc. but he eX-
poets there will be amendments OF
detail.
Mr.. Wilson is inclined to believe
that the bankers themselves eventu-
ally would be glad to have direction
by a federal reserve board over which
they have no control but which
would properly safeguard their in
terests. The President made 1t clear
that he had no fear OF politics in that
connection.
So far as the re-discountins feat-
urcs OF the bill are concerned, the
President regards the provision to
compel federal reserve banks OF one
region to rediscount assets OF re-
serve bank of another as imperative
to prevent concentration OF FUNDS IN
the hands of IA few.
pnrUcArRE tn VISIT LONDON