Milford chronicle., 1913-06-27
PRESIDENT URGES
MONEY REFORM
For Second Time Reads Mes
sage to Congress-
NEEDED As TARIFF AID.
Change In the Currency System the
Only Way to Benefit Revision, Con
gressmen and Senators Are Told.


President Wilson, for the second
time since his Inauguration, appeared
before both houses Of congress in joint
session and addressed them in advo.
cacy Of legislation which he deemed
Of an imperative nature.
The first occasion was last April at
the opening Of the special session Of
congress, when the president shatter-
ed the precedent Of more than a cen
tury and appeared personally before
congress, instead Of sending q written
message, TO urge the immediate down
ward revision Of the tariff. Mondays
event was no less important and none
the less interesting, the galleries OF
the house being crowded long before
the entrance Of Mr Wilson.
The purpose Of the president was
TO urge the immediate enactment ef
the banking and currency bill, pre-
pared by Representative Glass, chair
man Of the house banking and curren-
cy committee; Senator owen, head Of
the similar committee Of the senate,
and Secretary Of the treasury Nc
Adoo This Mr.. Wiyson did, emphati-
cally but tersely, the delivery Of his
address from the speakers rostum, (
where Speaker Clark presided with
Vice President Marshall al his side,
and the entire formal ceremony las /
ing less than half an hour
The president declared that con F
gress, through the enactment Of the
pending tariff law, was about to SCI
free the business men and industries
Of the nation and that this work must
be supplemented by providing an elias
tic currency with safeguards TO pre-
vent the concentration and control OF
money in any one place.
He asserted that this reform Of the
currency would be needed now more
than ever, in view Of the new tariff
conditions, and that congress could
not shirk the duty Of providing az
once the means for business to take
advantage Of the opportunity present
ed TO it in the Democratic revision Of
the tariff. He said further:
''It is absolutely imperative that We
should give the business men Of this
country a banking and currency sys-
EN- By means Of which they can make
use CT the freedom Of enterprise and
of individual initiative which we are
about to bestow upon them. We are
about to set them free by removing
the tIammels of the protective tariff.
1T is perfectly clear that it il our
duty to supply the new banking and
system that the country
needs, and that it will Immediately
need it more than ever.
'We must act now, at whatever sac
rifce to ourselves. :
"We must have a currency readily z
and elasticauy responsive TO sound r
credit the expanding and contracting .
and credits OF everyday transactions r
The administration currency bib .
vas not introduced in the house as ex. =
1ected. Representative Glass explain.
I'd that until some details were chang. ~
ID he could not present it to the y
house. He expects to introduce the
ill this week
The presidents address was deliver.
d to the joint session Of congress. o.
'he members Of the senate, led by Il
ice President Marshall and the Sec p
etary Of the senate, James n. Baker
marched into the hall Of the house. Of
he senators were seated on the Dem te
cratic side well to the front, while C
be vice president was received by the Ii
peaker and escorted to a seat on the th
latform. vt