The Bridgeport evening farmer., 1913-08-21
Presidents Financial Legislation Sure To Be Adopted By House And Senate May
 Pass IL Almost Unchanged
Likeness O Measure To AdCh Scheme Claimed By Money TruSDIfteTenCe Is Immense AIdCh PlannedA Currency System BOssed By Wall Street BaHkers--The
 President Planned System Managed
 By The Entire Nation
CBy Our Staff correspondent.)

CBy Our Staff Correspondent.) Washington, Aug. 21-The wilson Bryan currency bill has about passed through the fiery furnace of the Dem ocratic House causus, and it is belfev- ed, that it will emerge unscathed. It will pass the House as ittcomes from the caucus, and it is quite certain that the Senate will ratify it without making any change that will interfere with the purpose of he bill.
 PRESIDENT INTERPRETERS. The President has decreed that both tariff and currency legislation should be enacted at this extra. session. and the perspfring pleading Sena tors have been unable to dissuade him from his course. He would not listen to the suggestion of a recess, which would permit members to take a, short vaca- ten. Of course this has caused some grumbIing among the Reactionaries tive Interference. The people are not likely to worry over the situa- I ton however, for they know when the President tainterferesY it is in their to have arrived to take the fret from the brows of the Senators and to give them inVigorating air to aid them in doing the business of the nation. The new currency bill has teeth in it. Like everything which is produced by
 
 it is efficient and will do the work it i is designed to accomplish
 MONEY TRUST SCARED.
 That the Money Trust fears the pro posed legislation is evtdenced by the frantic efforts made to prevent or pos tpone it's consideration Special Privilege was even willing to sacrifice the Protective TariR if it could there by avoid banking and currency 1egts- lation.
 Connecticut manufacturers who have been led to believe that the proposed tariff bill was going to injure their | industries just because some reaction ! ary-tory said so should know that it is a pretty well established. fact 9E1at 1 the Republican standpatters offered to withdraw oH opposition to the Under l wood-Simmons bill if they could be as sured that the currency Dill, would not be taken up at the extra session. The President srniIinglY rejected this rath- | CT sterhpting sproposftionA and urged 1 Congress to proceed.
 Then Special Privilege took another 1 tack. It sought to create dissension l in the Banking and Currency Commit 1 tee and failing in that flooded the country with grossly misleading stor- ies concerning the contents of the bill l It was said to have been drafted along l the lines of the sdiscredited A1drich bill. It was pictured as a great en- | S | country banker and at the same time | deprive the farmer of both. credit and I currency It is amazing how Special Privilege loves the farmer. Their | heart beats warm for them, as Denis | Nulvfhin used to describe some of the 1 office seeking friends of labor" Every l standpatter in both houses of Con l gress has delivered at least one speech showing how the tariff will ruin the farmer, and now they are all prepar- ing another set of speeches pointing out how the currency bill will still further innpoverish the unfortunate | tiIIer of the soil The yhaves pulled the wool over the eyes of the farmer l so often that they cannot believe he will ever stget wise'' to their meth
 ods.
 WILSON ivS. ALDRICH.
 The W1lson-Bryan bill does resem- ble the A1drich bill with this impor- | tant exception: The Aldrich bill con | centrated the control of our currency
 and banking system in the harads of a great central bank, owned and operated by the big bankers of the country. The Wilson-Bryan bill places the control in the hands of the Feeder l al Reserve Board-seven men selected | bv the people of the United States I through their representative - the President of the United States.
 I To put 1t in a nutshell-the AIdrich | bill would have enabled the banks to control the people; the Wilson bill enables the people to control the banks.
 And that is as it should be. But the
 Wilson-Bryan bill safeguards the Iegi- l innate interests of every legitimate tbanker. It is only when a banker
 goes outside. the limits of legitimate I banking that he b. comes a menace to | the community. Up to that point he is one of he bulwarks of society and should be protected and encour- l aged to expand his activities.
 FINANCIAL TRIUMYrRATE. l: Under the existing banking system 1 a money zo1fgarchy has, developed in | the great industrial centers fo the
 country The hearings before the \ Pujo committee demonstrated the ex- I istence of a well organized Money | Trust. The collapse of the New Ha- ven railroad as an per cent. proposi- ton, and it's run down condition as evidenced by it's several fatal wrecks proves what will happen if bankers
 go outside of the legitimate field of
 banktng- Bankers were trying to
 run a railroad and Commissioner
 Prouty of the Interstate Commerce Commission finds that the entire trou- ble win the New Haven road was , that it's banker managers were seek ing a monopoly in trans portation. The Pujo hearings showed that Morgan, Baker and Sti1In1an doni- mated the hna4ces of the Nation. The
 housee-aof Morgang. which still exists
 was hailed as the uncrowned dynasty
 of the realms of Mammon. This con
 ditfon was brought about largely by the operation of the National Bank l act which concentrated the bank re- serves of the Nation in New York where they were used for stock gamb . | n V7I street When he rev