Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1913-06-27

81 Banking System. He says
Only Way TO Secure Benefit d
Tariff Revision.
Washington. June %. Bearirs
personal message for immediate az
ition by congress, TO revise banA be
and currency laws, that busi7es
may be aided in meeting tariff re-
vision, President Wilson for iai
second time went 70 the capitol to
aGdnss both houses assembled d.
joint session.
He appealed 10 every member b
the house and senate to lay aslds
personal considerations and sd
flee comfort, and even hralth.
necessary, TO secure at once revi--
ion and reform Of the natO
banking system. Only in that w
he declared, could the country So
cure the benefits Of tariff rev
ion.
1T is perfectly clear that it Is
our duty to supply a new bankils
and currency system. Tie count
needs it, and it will immediate
need it more than ever said tn
president.
shall we hasten to change our
tariff laws and then be laggarJ.
about makiag it possible and eas.
for the country to take adyantae
OF the change? We must act at
the present time
The vigor and strength of hi.
short message held the rigid at
tention Of large audience. The
president gave no direct endorse
ment TO the Glass currency bill
which is to form the basis for The
Democratic revision of banking
laws, but in Indirect language he
made ii known that it had beef
with his counsel and ap-
prevail.
We must have a currency" ne
said not rigid as ndw, but read
lily, elastically responsive to souna
credit, the expanding and Lhe con-
.racting credits Of every day tran
the normal ebb and flow
If personal and corporate deal
ngs. Our banking laws must mob
lilze reserves; must not permit |
he concentration anywhere in q
'ew hands of the monetary re-
ourccs of the country or their
lse for speculative purposes il
iucn nlume as TO hinder or I'M
'ede or stand in the way of 9TH
r more legitimate, more fruit
ul uses. And the control of the
ystem of banking and Of issue
mich our new laws are TO set up
must be public, not private, must
e vested in the goWernmenL It's
elf so that the banks may be the
lstruments, not the masters, of :
usiness, and Of individual enter
rise and initiative"
Long before the capital doors ,
pened hundreds of people lined up
! steady rain in hopes of get
ng to hear President Wilson de- r
yer his address to congress on i
irrency reform. The house and :
mate assembled IN joint session !
O'Clock.
Nice-preSident Marshall appear
at the center door of the hall
the head of the senators march !
& Two and two. Marshall took a =
at beside Speaker Clark. There
ere many absen,ees among The =
iuse members and whole rows of =
ats in the rear OF the hall were i
lpty Mrs. Wilson and two daugh-
rs with a party Of friends were
The executive gallery and sew
n diplomats attended.
When Wilson reached the capitol !
e doorkeeper announced thelt
resident Of the United States,
q all arose. In a low voice that
5 never raised hut which pene-
ted clearly, to every ear in NELL
amber, the president began read
his address which he finished mil
le minutes. It's conclusion was
'eted by shout Of applause. As
president left the chamber he
'ok hands with Marshall andj
rk. The speaker dismissed the
1t session aad the senator's re-