The Butler weekly times. (Butler, Mo.) 1881-1918, 1913-06-26
president REA|a|||(|
MESSAGE N HOUSE 1 | |
Insists on Currency Legislation
at This Session.
URGED IMMEDIATE ACTION 4
Conviction Expressed In Both House
and Senate That Mr.. Wilson's
Address viii Result In Con.
qressional Activity. IIgs
Points In the Message.

"lmmediate enactment Of an elastic
currency law urged" Y.
1.-THE tyrannies of business, big and
little, be within the field Of credit"
at 10 not enough to strike the shackles
from business. +. . What we real
ly need is to vitalize credit, corpor-
ate and Individual" 5 @5ss
"What satisfaction is it to man to
see opportunity reckoning him on
every hand when others have the
keys of credit in their pockets and
treat them as all but their own pri-
vate possessions
ut is perfectly clear that 1t is our
duty to supply the new banking and
currency system the country needs"
I'VE must have a currency not rigid
as now, but readily, elastically re-
sponsive to sound credit"
"Our banking laws must mobilize re-
serves; must not permit the con-
centration anywhere in few hands
of the monetary resources of the
country
Washington, June ga liked de-
termination to have currency legisla-
ton passed at this session of con-
gress was accepted by the members
Of the house and senate as President
Wilson's text for the currency mes
sage, which he personally presented
to congress assembled In Joint SEES
sion in the house chamber. Both
Democrats and Republicans saw in the
carefully worded appeal of the presi
dent an earnest conviction that the
money situation must be dealt with
before congress adjourns. Prepare
tons were made to begin committee
work on the administration bill, which
will soon be introduced In the house |
by Representative Carter Glass and |
In the senate by Senator Owens.
From the rostrum of the house
chamber the president, in carefully |
modulated tones that carried his
words to every corner of the cham
Der, read the brief message he had
officials, senators and representatives,
Deocrats and Republicans, sat in a
tense silence, as the president with
forceful earnestness, told them:
ut is plainly clear that it is our
duty to supply the new banking and
currency system the country needs,
and that it will Immediately need it
more than ever.
1--WE must act now at whatever sac
rifice to ourselves. 1t is duty which
I should be recreant to my deepest
of public obligation, did
I not impress it upon you with SOL
emn and urgent insistence."
The occasion was the presidents
second defiance Of the custom of 100
years which sent presidentsNmessages,
long, dull documents to be droned to
weary congressman by horse voiced
clerk, and the affair moved smoothly.
The senate and house gathered in the
house chamber where the galleries
had already been crowded and men,
bers chatted while they awaited tina
presidents coming The cabinet Off
cers. except Secretary OF State Bryan
and Secretary Of the Navy Daniels,
who, with their wives, occupied gal
lery seats. had places on the floor of
the house.
At both house and senate ends of
the capitol and among, both Democrats
and Republicans the conviction was I,
deeply fixed that the presidents ssol- L
emn and earnest insistence" on cur
rency legislation would result in i'm.
mediate activity in the legislative I
branch. Chairman Glass Of the house /
banking and currency committee and
Chairman Owen Of the senate com. L
mittee both conferred with the presi- L
dent after he delivered his address Z
and both prepared for the early in.
PRODUCTION Of the administration cur. 4
rency bill which Is now being revised (,
In some minor features Of phrase. r.
ology. The bill win 80 into both
6ouaoa fhta week ss III