Show EXPLAINS MONEY SHORTAGE banks loan thair last dollar and business men borrow buffalo dec 14 leslie M shaw secretary of the treasury was the principal speaker at tho annual banquet of the buffalo chamber of comm cica last night jn urging the import anca of adding the element 0 to the currency system the secretary said 1 I deem it deiy important that no now botin ot money be authorized it is no imposition on the public to be offered a government guaranteed nota in lieu ot a note secured by a gobern bond but it might alarm the customers of a bank to know that conditions it in resorting to currency taxed at 6 per cent 1 I will not attempt to apologize for tho banking fraternity but a willingness to loan every available dollar ha not been confined to new york nor has the disposition to borrow every dollar obtainable been confined 10 stock speculators it was well known in july money would be scarce in ho fall t the treasury department had not foreseen what was coming and called in a few millions from the deposits then held by the baals to tie used to relieve this stringency should tt extend to tho prejudice ot legi business there might be some slight red fion tor distrust I 1 however the business ot the country understand der stand that tho treasury can esil spare and if necessary for alio relief ot legitimate business and I 1 think it is generally ettoil will not be released unless business conditions demand th responsibility la noi a thing 10 be coveted and I 1 therefore plead noi tor inflation but for such of our present system aia win baube li to expand 10 meet 11 of seasons ad as promptly contract to the curbing of unwarranted speculation |