| Show U f J r rr SYSTEM r EM THE mE BEST f Not Perfect Because Not Elas Elastic Elastic tic Declares Secy of the Treasury Shaw ELKINS TALKS COMPETITION II I I and Ait n it I II 1111 IS of or i Tnt t Is no I anti Co ii 11 III MI Kilt In W V V June Juna the closing of the We Wept t Virginia Hankers today lodar the III features tre rc addresses addreN e by 11 Becy Hec of the Trea ury urr Ut Leslie 1111 M 51 1 Shaw am aIM United States B of this Ihla Mute sote The con convention was wu brought to a close clow do tonight with a It banquet at the lile home of Senator KIllIn lkins Secy Sec Shaw Shau said MId The Ret fact and I J think It II l is III a fact that the Ih United States State has tb the heM bert currency Current system In tn the dote clues not nol Imply that the currency system of ot the States Is 18 i or that It can ran cannot cannot not be Improved It Jt I Is II most convent convenient eat ent nt system of It the Ih world because t It 11 Is U constructed on the decimal or metric system The system Is I not perfect largely largel because It I is III It falli taIls to In In volume to the changing needs of seasons end and of oC lo 10 localities That there will Mill Iii he no further currency legislation until we shall have experienced a 3 panic tanie occasioned by this want of elasticity I am convinced Itt t me define denn this defect more inure specifically st II Annually we w have h An of money mOM during the spring and sum lIum summer mer tact months Annually re e pau through a period of anxiety as au we Approach the period of crop movement Ino for far an annually n tilt the volume of mon money y O Is lit relative I l Insufficient to meet Inett this sudden udden In Increase increase crease r A of business We do not need And must mu t not have nation Inflation In The average amount of or ramsey money 1 I In my In en Judgment nt abundant The difficulty lies In the fact that the volume romaine remains stationary Senator Elkins on the lh Income and Inheritance tax lax said that thil the Ihl twentieth lh was wn getting gel tin road for tor the readjustment of ot the Interests of ot humanity Money in IIi a certain ser sense 1111 e Is III coven power lie hI acid A tot In Iii a mai rn 18 8 I po k t It II M is i m inns inai sri aril unfailing friend T e p most tt tip erio i 2 all the th t Is III on Ore n walking the high I i Money Is II an Don I ayt without a diar d IlIr order on the world for what the Iho wrid produces and In lit nil ll countries and i climes limes this order is II always honored After a fI certain point wealth be becomes becomes comes rom a burden and roll robi Its owner of ot I ease and repose yet t I 1 have observed I how ho eager g r and willing milling people are fir to I struggle along through life with the tho 1 I burdens of wealth upon them Very ery I rich men IMn never whistle Poor tarn men al nl alwayn ways wayn 1111 do Hire song are In the hearts hurts heartso I o of the poor Ilor man This Is III well uell In every condition of or life there Is In I MIlon lion Senator declared that poverty and It I want will wi yet Ht be he banished from t tb tic world H Jr said seid eal l I There U is enough wealth In the worM world I now hOW to prevent poverty but we Wt hae have not y yet t learned d how to 10 distribute It 11 ite I We e understand the tho ways of ot accumulation I tion but n not MI st of ot Society and government are BrE I gling with groat Society under ft n t fret free government has reached re ch the point where her It II can get 1 what It de do demand betide mand whit ha t I III ha best lH t for It and protect It Itself ir without force tIM Competition C and Individualism go hand band In hand band wild sold Id the tb senator and up to tn a certain point ar wholesome beneficial l lit ti commerce and AM business In th tho business world h he added throws n o odeli deli back on th Ih the trUst cruel law of ot the cur ur uc I ivl of th he lithest and In the end the tho I tiring strong prevail all and dominate Compe Competition I Iud and Individualism are the lie pa parents parents rents of condition of trusts j combinations combination and nd colossal fortunes Theodore Theodor once said lId that he I thought a compromise between and would could be b best I IJ I J replied that apparently this hl might b ba be bea a It solution lion but bist how Ito society et ild df or If the hO evils of both while holding on 10 to their benefits |
