This would be a dreary world if its problems were all solved. The unsolved problems of each generation offer opportunities to the oncoming generation. We Americans have conquered many difficulties, but there are still many problems demanding solution at our hands. In numerous fields we lead the world ; in some we are far in the rear. This evening I invite your attention briefly to an unsolved problem of vast importance, affecting every human being in this country. Here is an opportunity for real progress, for a movement that is really forward and not backward.

The United States has three undesirable monopolies. First, this is the only civilized country in the world that ever has a serious financial panic. Second, this is the only civilized country in the world that has a series of banks instead of a system of banks. Third, this is the only civilized country in the world that keeps the funds of the nation in a national treasury. The first is a result of which the second and third are prime causes.

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