Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1913-06-26
PRESIDENT URGES
! CURRENCY REFORM
Public Duty Makes Prompt Ac-
ton Imperative.
READS MESSAGE TO CONGRESS
Business Men Of Country Should Be
Given Banking and Currency sys-
tenn Which viii Make Possible
Individual initiation.

TEN which VIII Make Possible
Individual initiation.
Washington, June 23.--The follow
Ing is President Wilson's message to
congress on the subject of currency
reform:
Mr.. Speaker, Mr.. President, Gentle
men OF the Congress-: II is under the
compulsion of what seems to me a
clear and imperative duty that have
second time this session sought the
privilege of addressing you in person.
know, of course, that the heated
season OF the year is upon us. that
work In these chambers and In the
committee rooms is likely to become
burden as the season lengthens, and
that every consideration of personal
comfort. perhaps, in the cases of some
OF US. considerations Of personal
health even, dictate an early conclu-
sion Of the deliberations of the SEES
sion; but there are occasions Of public
duty when these things which touch
us privately seem very small; when
the work to be done is so pressing and
so fraught with big consequence that
we know that we are not at liberty to
weigh against 1t any point OF personal
sacrifice II is absolutely imperative
that we should give the business men
OF this country a banking and curren-
ey system by means OF which they
can make use of the freedom of enter
prise and of individual initiative
which we are about to bestow upon
them.
We are about to set them free; we
must not leave them without the tools
OF action when they are free. We are
about to set them free by removing
the trammels of the protective tariff.
Ever since the Civil war they have
waited for this emancipation and for
the free opportunities it will bring
with 1t. II has been reserved for us
to give 1t to them. Some fell in love,
indeed with the slothful security Of
their dependence upon the govern
Fl ment; some took advantage OF the
shelter OF the nursery to set up a
mimic mastery of their own within
"a its walls. Now both the tonic and
the discipline OF liberty and maturity
to ensue. There will be some re-
adjustments OF purpose and point OF
Nyiew There will follow a period of
expansion and new enterprise, fresh
KID conceived. It Is for US to deter
nine now whether 1t shall be rapid
and facile and OF easy accomplish
fnent. This It can not be unless the re-
K sourceful business men who are to
atdeal with the new circumstances are
70 have at hand and ready for use
\ then hstrumentalities and conveniences
OF free enterprise which independent
n men need when acting on their own
v Initiative.
1t is not enough to strike the
shackles from business. The duty of
craftsmanship is not negative merely.
II Is constructive also. We must show
that we understand what business
needs and that we know how to sup.
ply IT, No man, however casual and
superficial his observation of the con-
ditions now prevailing in the country,
can fail to see that one of the chief
things business needs now, and will
need increasingly as 1t gains in scope
dhN fi6Oh buC gCdio
ahead Of US. is the proper means by
which readily to vitalize its credit,
corporate and individual, and its orig
native brains What will II profit us
o be free IL we are not to have the
lest and most accessible instrument
hlities Of commerce and enterprise?
What will 1t profit us to be quit OF
one kind Of monopoly IL we are to re-
In in the grip of another and more
r effective kind? How are we to gain
and keep the confidence OF the bust
ness community unless we show that
we know how both to aid and to pro-
tect 1t? What shall we say II we
make fresh enterprise necessary and
also make 1t very difficult by leaving
all else except the tariff Just as we
found IL? The tyrannies OF business,
big and little. lie within the field OF
credit We know that. Shall we not
act upon the knowledge? Do we not
know how to act upon It? II man
cannot make his assets available at
pleasure. his assets of capacity and
character and resource, what satisfac-
ton Is II to him to see opportunity
reckoning to him on every hand, when
others have the keys OF credit in
their pockets and treat them as all but
their own private possession? II is
perfectly clear that 1t is our duty to
supply the new banking and currency
system the country needs, and that II
win Immediately need It more than
ever.
The only question is, When shall we
y,upply it-now. or later, after the de-
mands shall have become reproaches
that we were 80 dull and SO 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, at what
ever sacrifice to ourselves. II is
duty which the circumstances forbid
US TO postpone l should be recfeant
to my deepest convictions OF public
obligation did | not press It upon you
with solemn, and urgent insistence.
The principles upon which we should
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Hollands Fishing Net Factories.