Jasper County Democrat, Volume 14, Number 74, Rensselaer, Jasper County, 23 December 1911 — ALDRICH PLAN IS FAVORED BY TAFT [ARTICLE]

ALDRICH PLAN IS FAVORED BY TAFT

President Advises Prompt Action for Currency Reform. ANOTHER SPECIAL MESSAGE Calls Attention to Preparedness of Navy, Success of Postal Banks and Advanced State of Work on Panama Canal. 'n Washington, Dec. 22.—Congress rsceived the “general message” of President Taft. It was taken to contain all that the chief executive had to say in relation to general and departmental affairs which he has not included in his several ‘‘special’* messages and to be rather supplemental to them. The heading of greatest interest In this message is that of currency reform, but in this is fpund no new doctrine or any great surprise. In fact, the whole message is most conservative in tone. In considering the currency and banking questions, the president deals at length with the work of the monetary commission and builds his hopes largely on its report and on his expressed belief that the banks themselves will be able to handle any monetary crisis that may arise. The president treats favorably the proposition to create a national reserve association and frowns upon any of the “advanced” ideas which have, sought to create such a thing as a “central bank.” The present preparedness of the navy is pointed out, great improve- j ment in the finances of the postoffice department is shown, a federal court

shakeup in view of the criticism of dealings of court clerks is recommended and Phillipine government reforms are outlined.

The president calls attention to the success of the postal banks, deposits in which leached about 111,000,000 after eleven months’ operation lie strongly advocates establishment of a rural parcels post, which he says would not injure business, but would be a factor in lowering the cost of living. . ■ ■ -

July 1. 1913, is the date set for the completion of the Panama canal, and the right of the United States to exact toHs Irpm ships of other nations, while remitting them ”to those unde the American Bag, thereby establishing a virtual subsidy, is defended. President Taft asks that in view of the expenditure by Illinois an the work done through the sanitary district of Chicago, the government continue the work; so as to give the greatest tehefit to the state. Another iecommendation is that all local government offices be taken out of politics and placed in classified seri vice.