Show NEARING HEARING ON THE ALDRICH Bill Measure Is Vigorously De Denounced Denounced ed by President of Bankers Association I Washington April 14 Vigorous n support and equally vigorous denunciation of the Aldrich AdrI bill ollI entered into hearing on that measure before the house corn com committee on banking banki g and currency nc The morning session was taken up u by Former Comptroller of or the Currency Dawes who brought Into play all his powers of oC argument argument ment mont to persuade the committee that an elastic emergency currency said to be I provided for tor In the Aldrich bill is vital to the financial safety of the people at this time Argumentative tilts between I Mr lIr Dawes and Chairman n Fowler and other ot ter members of the committee were frequent fr James D Powers Of r president p Of the American National Bank flank Bankers Bankers flankers ers association and bankers from New NewYork I York New England were heard for forand forand forand and against the bill at the afternoon ses session session sion dOn Financial Abortion Mr Powers POW was outspoken against the Aldrich bill which he denounced as a aI I financial abortion Continuing he said saidU If U you want another panic pass this Mil bIll It If you want w nt to force national banks to surrender their charters and become becomes state stute s te banks bank pass this bill Pass it and you yell 01 will see United States bonds thrown I upon the market In such quantities that they will not command 90 00 cents on oil the dollar He Re referred sarcastically to President 1 advocacy of the Aldrich bill billand I arid and asserted no one of the great men meui of oC oCl l the government whose duties touch fi 11 financial i matters has raised his voice In its support He declared that the Fowler bill I goes to the root of ot the whole matter but It was was as of necessity so comprehensive I 1 that he did not nol believe It il would be he wise wIe to enact It at t this time Mr Powers idea I of of the wisest iset procedure pr was ws s to pass no i currency bill but create crate CI te a currency U corn com mission Ion and ard turn the problem over oer loit to it Itt t |