The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-06-27
Wilson Before Congress

Whether in public private life. Republicans
with grain of craftsmanship or drop OF
patriotism in them. and all business men every
where must resent the snarng boorish criti-
cisn of President Wilson's earnest appeal to con-
sre5s 10. immediate currency reform by the Re-
publican leader, Representative Mann, of Illi-
nos- The criticism is characterized by puerility
IN temper, untruth and dishonesty in Inference
lack OF dignity to the verge of vulgarity In ex-
preston. and partisanship of the crudest cross
road politicians brand If 'refecting" the at
tltude Of the minority" Representative Mann's
statement 20 the public appears a a distinct re-
proach TO tn" party, and further strongly en-
phasizes It's decadence not only In power and
prestige but in craftsmanship and leadership
during woodrow Wilson's campaign he de-
nounced the money trust that he declared to
exist. For that denunciation he was reproached
IN bitter terms, especially by the press OF New
! ork Bankers and others within the mystic
circle OF money were quoted with approval as
declaring there no money trust and that n
woIid DC impossible to form such a trust Yet
within the past fifty days there has been exer-
Cisco In New York the most selfish cold -blooded
operations of a trust potent that when money
is needed outside of New York credits are value
less, and the ordinary collateral of commerce
useless.
Taking advantage of the total inelasticify Of
our currency system, and consequently the help
lessness of all the vast territory dependent upon
New York bankers. the money trust has tight
ened Its coils like a constructor snake around its
Vitals With money banked up in the vaults
ana declared TO be drug on the call loan mar
ket in New York. out OF town banks have been
denied accommodation and consequently gem
tf%il InoAcy StTlhSenCy created throughout the
country. What is the object of this policy unless
to have this condition charged by the public
against Democratic administration that is ham
pered by having Republican money system tied
around its neck. They would have doubtless
gone further and done more harm had not Sec
rotary of the Treasury McAdoo's statement con-
corning the existence of half billion OF ener-
gene cure ncy exposed the New y ork ring be-
fore the country.
The purpose of this proceeding by the money
interests of New York might be difficult to es-
tahsh, but the fact of created money famine
will scarcely be denied even by those who fifteen
months ago fatuously pooh poohd the existence
of money trust. 1t is just such wickedly selfish
conduct on the part of the money trust that
turns conservatives to radicals 1t is the sort of
conduct that must be made impossible In the
future by wise reform of the currency system
or vast majority of the people goaded to
radcalism will rise up and not be wise or lust
or less cruel in their reprisals
President Wilson is criticised by Minority
Leader Mann for not presenting and discussing a
currency plan. None knows better than Mann
that the president would have been censured,
and with just grounds had he done so. He was
urging reform legislation to relieve condition;
lit not his province to introduce such egis-
llaton.--Columbia State.