Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1913-06-26

munlty unle>> ~. ,..s tH.t we know
how hoth co ...a .asU :, niHeot ttc
What shall We sly II We s..k, fresh
enterprises uvcr ,,.ry sud ~1 Is. .>v ii
very ditticuE Il ,y-y.a- ..,' s.~. Scent
the tariff just rs We rou. s. r.
tyraunies OF business biz @ut 81 G.
lie within the field Of credit y
know that. Shall we not act uponahe
knowledge Do we not know howSn
act upon it, If Il man cannot nSsn2
has assets available ut pleasure. hisO
sets of capacity and character and nc
source, what satisfaction is it to lEfg,
to see opportunity beckoning to Nm
on every hand when others have the
keys of credit in their pockets and
treat them rs all but their own pri-
vate possession? 1t is perfectly clear
that it is our duty to supply the new
banking and currency system the coun-
try needs and that it will immediately
need it more than ever
Need of Currency Changes.
The only question is, When shall we
supply it--uow or later. after the de
mandS shall have become reproacheS
that we were SO duh and 50 slow?
Shall we hasten to change the tariff
laws and then be laggardS about max
ing it possible and easy for the coun-
try to take advantage of the change?
There can be only one answer to that
question. We must act now. Ut what
ever sacrifice to ourselves. 1t is
duty which the circumstances forbid
us TO POSTPONE should be rccreant
to my deepest convictions Of public OBJ
legations did ! not press it upon YOU
with solemn and urgent tnsisteuce
The principles upon which we should
act are also clear The country has
sought aud seen its path in this mat
ter within the last few years-sees ii
more clearly now than it ever saw il
before-much more clearly than whom
the last legislative proposals ON the
subject were made We must have
a currency not rigid. as now. bat read
lily. elaStically responsive to sound
credit, the expanding and contracting
credits Of everyday TRANSACTIONS the
normal chh and flow of personal and
corporate dealings our banking laws
must mobilize reserves. must not per
NIT the concentration anywhere in
few hands of the monetary resources
of the country or their use for Spccula-
tive purposes in such volume MS to
hinder or impede or stand in the way
Of other more legitimate, more fruit
full uses. And the control of the Sys-
tenn of banking and Of issue which our
new laws are 10 set mp must tie public,
not private; must be vested In the gov
crnmont itself. 50 that the banks may
be the instruments. not the masters. of
business and of Individual enterprise
and initiatives
Committee Ready to Report
The committees OF the congress to
which Legislation of this character is
referred have devoted careful and dis
passionate study To- the means ot uc-
comprising these objects They have
honored nae by consulting me They
are ready 60 suggest action. have
come to You, as the head of the gov
enlment and the responsible leader Of
lhe party III power, To urge action now,
while there is time to serve the coun-
try deliberately and as We should. in Il
clear air of common counsel.
appeal to You with deep couyic-
ton Of duty. | believe that YOU share
this conviction. therefore appeal to
You with confidence | am at your
service without reserve to play my
part in any way YOU may call upon me
to play it in this great enterprise Of
eNigent reform which it will dignity
and distinguish us to perform and dis
credit US 10 neglect