Show Sees Big Panic In the Future New YorleIn a speech beforo tho chamber of commerce Thursday I I Jacob H Schlff head of tho banking I firm of Kuhn Loeb Co declared that unless something were done for currency reform there will bo a panic In this country Ho said ho regarded tho need of a more elastic currency I as of prime Importance but would not favor tho plan recently outlined by Secretary Shaw for an emergency circulation cir-culation Mr Schlft said ho rather favors n circulation based upon commercial com-mercial paper and which might bo issued Is-sued through clearing houses |