The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-04-28
As Soon as His Tariff Plans Are Put
Into Effect He VIII Give At
tentlon to FL
nances.
NO GUARANTEE CLAUSE
Wishes to Put Check on Wall Street
and Standard OH az tho Amerl-
can Money
Trust.

limited Press Leased Wire service.1
[By John Edwin Nevin, stan CORES.
pondent Of the United Press.l
WASHINGTON, April 2S.-There
will be a Wilson currency reform bill.
And, like its predecessor, the Wilson
Underwood tariff reform bill, now be-
fore congess, 1t will represent the
views Of the president on what is
needed to place the monetary system
of the United States on solid, sub
stantial basis.
1t will make It's appearance in q
concrete form very shortly. Already
the general principles have been
agreed on by the president In consulta-
tion with his close friends in the SEN
ate, and the house and with some of
the most noted experts on finance in
the country. What is left to be done
is to draft the bill This is now under
way. And 1t is absolutely certain that
this bill, when completed, will not
carry with it any provision pledging
the United States to be guaranty of
bank deposits. This much developed
at today's weekly conference between
President Wilson and the Washington
newspaper correspondents. 1t was
made plain that currency reform has
been occupying the presidents atten-
tion fully as much as did the ltariff bill
fup to tke time that document was In.
| troduced But whether the measure
will be made party one, or whether
1t will be disposed OF at the present
session will be left open by the pres,
ident for some time to come. So far
as having the question Of guarantee.
| ing deposits included In the bill Pres.
ident Wilson has assumed definite
position.
That question is broad enough to
stand on it's own bottom, he believes
and will insist that 1t be considered
Independently What is wanted, he
says, is just what he pointed out In
his inaugural address--the bringing
up to date of the present currency
system which was based upon the
necessity of the government to sell
4 It's bonds fifty years ago and perfect
ly adapted to concentrating cash ant
restricting credit"
The thing the president has been en-
deavoring to do is to find out just
what must be included in the currency
bill to prevent the existing money
1 trust adding to Its power, and so t.
model our financial system that the
country bank and country banker will
be as potent factor in the affairs o
the nation as is the present STANDARD
Oil and Wall street patronized none
4 tary institutions.
Incidentally. the president believes
that public hearings will be neces
sity on the bill And he will insis
that they be given the widest scop'
possible. Everyone who has sug
gestion which might prove advantage
GUS will be heard. To carry out thi
program 1t is likely that the house ant
senate committees, which will hav
the bill in charge, will work jointly t
expedite matters.
I President Wilson is none too wei
pleased with the attempt to place hin
on record as approving the Britisl
contention that we have no right t
favor our own shipping SO far as tn
Panama canal tolls are concerned
He has told his callers that he be
lieves this is one of the most compile
lcnntinred on mage q