Show POWER POE TO HANKS BAKS I II I I Important Discovery Made in il Currency Bill Bil 4 MENACE TO PROSPERITY ITY I STAY MAY MY CREATE CR T MONEY ONY FAMINE FAMINES S WHEN W THEY TH CHOOSE COOSE e Provision In the Measure Leaving Financial Institutions Free to t Withdraw All Al of Circulation If I They Believe Belee They Have Mave a I Rea Boa Reason Reason Boason son For Doing Ding So Special Sp to The rhe Herl Washington March arch 12 Representative live tive Noonan Nonan of Chicago has discovered that the currency bill bi which is to be passed paSSe by b the house tomorrow tomoro after afternoon afternoon noon contains a provision which re repeals repeals peals pals by b implication the clause of the existing law that prevents more than a month of bank circulation to be withdrawn Mr Noonan submit submitted ted te the clause cause to several Democratic members of the house and they the agreed with wih him that it leaves leave the banks free freeto freeto to withdraw circulation to any amount they see se fit ft after a lr it becomes a law This Thi morning Mr Noonan onar called cale at atthe atthe atthe the treasury building and asked As Assistant Secretary for his in interpretation interpretation of the law so far as It I re relates relates lates latt to the withdrawn of circulation Mr agreed with wih the Chicago representative that under the new act the banks will wi b b be at liberty to do o as they Another official of the de do department who is connected with wih the bureau burau of statistics supported Mr view Mr Noonan Nonan wilt will wil probably probably ably make mae a speech ch during tomorrows debate on the bill bil and it is his hia present prent intention to especially e lan call cal attention to what ho calls cals an oversight of the framer of the measure me ure I cannot canot believe bleve said raid sd the Chica golan that the senators senator and representatives who devoted several weeks to framing a measure that would meet met the approval of oC both houses house of congress con conand and the people could uld have bave intention intentionally intentionally ally aly left in the power of the banks to create crete a money famine whenever It might suit their purpose puros to do so That Thatis is exactly et what the the clause I refer to permits them to t do No limit is placed upon their right to withdraw all al of their circulation If It they believe beleve they have a re reason on for tor doing so soI It I Is too much power powe Io 0 invest In Inthe Inthe n the banks bank ad I am ang satisfied se that the bankers baner themselves will wi think so s when the matter mater is ailed ale to t their attention If It I the bill bi Is permitted to stand stad as It Itis itIs is now it i will wU bo a a menace to prosper prosperity prosperity ity of the country |