Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-12-09
President ReaSsures Financial
Interests of Country in An
nuaI Address 10 Congress
Delivered Yesterday,
CURRENCY LEGISLATION
PRACTICALLY COMPLETE
Program for Short Session TO
Be Devoted Mainly 10 Meet
ing Conditions Brought
About by War.

fnf aonfnho iouHHHh Nftt'NA h'Ntte NtHtl
Washington, Dec. s.--preadcnl
Wilson In his annual address to con-
gross today coupled with defense Of
the country's military preparedness a
word Of assurance TO business that it
would not be embarrassed By further
legislation.
lie said the trust and currency leg
lslatlve program Of his administration
virtually had been completed, leaving
no conjecture az TO what was 10 fol-
low, and that there was a clear and
firm road ahead on which honest men
might travel with perfect confidence
For passage at this session the
president urged measures TO meet the
changed conditions due to the Euro
pean war. particularly the government
ship purchase bin, measures TO unlock
resources OF the national domain and
to encourage improvement OF nayIga-
Bile waters for generation OF power
and the bill already passed by the
house 10 give "a larger measure OF
self government to the people Of the
Philippines
when he entered the house cham
Der where Vice President Marshall
ana Speaker Clark presided over a
Joint session of the house and senate,
tho president was greeted with an up
roarious ovation which continued for
several minutes. Throughout his ud-
dress he frequently was Interrupted by
applause. particularly from the dem
oeratic side. demonstratlons OF appro-
val reaching climax, when, referring
60 recent agitation over national de-
Tense he declared that the admits
tration had mot been negligent OF
national Defense" that the attitude Of
the government would not be altered
because some amongst us are ncrv-
Gus and excited" and that policy OF
defense could easily and sensibly be
agreed upon
In advocating the ship purchase Bill
the president said the war IN Europe
had left foreign nations more depend
ent upon the United states for sup
plies and that tho government should
provide ships that the nations goods
might be carried TO the empty mar
ketH.''
1T Il not a question OF the gov
ornment monopoIizing the field" said
he. 1T should take action to make
It certain that transportation at reas-
enable rates Will be promptly provid-
ed. even where the carriage Ia not at
first profitable and then. when the
carriage has become sufficiently pro-
fitabIo to attract and engage private
capital and engage II In abundance,
the government ought to withdraw"
''1'he Philippine BILL the president
asserted, would nobly crown the
record of these two years OF memoir
able labor Concerning rural credits
legislation sought by 30 many, he cx-
pressed regret that difficulties Of the
subject seemed TO render It lmpossi-
bio to complete a bill for passage az
this session.
Members Of the senate and house
listened attentlveiy TO the outline Of
the presidents program rs they aid
also his discussion OF economy and
the assertion that there should be a
systematic reorganization and rcus-
semhllng' of the parts of the govern
ment 70 secure greater efficiency.
Mr. Wilson spoke with great em-
phasis and deliheratIon when no be-
gan discussion of the military sltua-
ton and was enthusiastically cheer
ed. the galleries Joining In the APP
plause when he said
1T Is said IN some quarters that we
are not prepared for war What Is
meant by being prepared is il
meant that we are not ready upon
brief notice to put nation in the
fieId, nation Of men trained TO arms?
or course we are not ready to do
that; and We shall never be IN time
Of peace, 10 long as VIC retain our
present political principles and instl-
tutlons"
proclaiming the people of the Unit
ed states champions of peace and of
concord" the president emphatically
opposed great standing army, and
was again cheered wher he asserted
that IA time OF national peril tho
country must depend upon a cltizenry
trained and accustomed TO arms.
when the president had concluded
he was surrounded By senators and
members IN the speakers office who
crowded about him 10 extend their
CONGRATULATIONS.