The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-02-24
Col. Stephens Talks On
Work Of Mr.. Wilson
Continued From First Page.)

AN~~1'1ttA1~N I'm -At7- e7SS-S
tration on every point in controversy.
AS chairman OF the committee, [ was
greatly Impressed by AIR. Wilson's
courage and trustworthiness. He was
always on the firing line and no man
exceeded him in the earnest effort
which was made for banking and cur
rency reform
Col. Stephens was then asked why
a provision guaranteeing bank de
posits. and other provision embodying
a rural credit system We're not incor-
Dorated in the Banking aud Currency
bill He said these two measures were
not Incorporated in the Banking and
Currency bin. for the reason that they
would nave greatly complicated the
measure, and thereby delayed action
on the original bill for an indetermi-
nate length Of time. Hon. Carter Glass.
chairman Of the committee, gives this
explanation: Il desire to say that fl
was thought best to consider the first
question separately and a another
time for the reason that it had no i'm
mediate relation to the reform Of the
currency. This was the advice Of even
50 strong an advocate Of @ deposit
guarantee as Mr.. Bryan. AS to en-
bodying a rural credit system, that
was not done because a committee
appointed by the president was en-
gagged in studying this problem In Eu-
rope and this country, and it was not
thought expe dent to complicate the
federal reserve act with a proposition
that was so little understood, at the
time, as that it would have postponed
the entire subject of banking and cur
renCy reform"
CCJ
arate bills have been introduced pro-
viding for guaranteeing bank deposits,
and a ldral credit system. both Of
which will likely pass at the present
session Of congress"
Col Stephens was further asked why
Mr.. Wilson voted against the tax on
cotton sold by the stock exchange. He
said: Mr.. Wilson voted against that
proposition for the reason that he was
opposed to gambling on The stock ex-
change, and If congress should pass
such an act, 1t would make the ex-
change gambling legal, and give them
a license from the national government /
to continue business. Mr.. Wilson be- |
lieves that the stock exchange gam
bling should be stopped, and not be
licensed by the government to outrage |
the farmer who lives by his daily toll"
Concluding, Col. Stephens said: ''AIr. |
Wilson, aside from his activities on
the banking and currency committee, +
has been active in the house Of rep
He made a number Of
speeches on the leading problems be- /
fore the house. and was called a num-
Der of times to the chair to preside /
in the capacity Of temporary speaker, /
and he ably filled each and every po- /
sition with exceptional ability and
fairness. Later 1t became necessary |
for the chairman of the Banking and |
Currency committee, Hon. Carter
Glass, TO appoint a subcommittee to
codify all the banking and currency
laws of the nation, and on account of |
his unusual ability and fitness for the /
position, Mr. Wilson was designated as
one of the members of this committees /
Mr. Wilson is q man that the entire |
district may well feel proud Of. and
should ne remain long enough IN con-
gress, he viii be one of the leaders Of
the house His short service has al
ready placed him in the front rank OF
and progressive states .
men, and no young member Of the
house has a brighter future than Mr. +
Wilson