Show LOCATES ROOT OF TROUBLE President Stickney Does Not Believe Present Stringency Is Due to Lack of Circulation tion Chicago Nov No 25 A dispatch to the th Tribune from St Paul Minn says In a statement issued yesterday A B Stickney of the Chicago Great Western railway scores the present banking system of the country and de denounces denounces denounces the theory that the present money stringency is due to lack of cir circulation circulation circulation President Pr Stickney said that while the government is urging the people to have confidence in the national banks it does not regard them as good enough to hold government deposits He declares de declares declares clares that during the forty five years since the present system s stem was Instituted Instituted instituted congress has not provided d leg legislation legislation which would permit these de deposits deposits deposits posits Mr Stickney continues In my Judgment nt the way to pro provide provide vide the necessary amount of currency is not to Issue more but to economize econ mize in inthe Inthe inthe the use of what we have havo and devise a banking system which will permit it to circulate Instead of being hoarded Under the present system the government seems to re require require require quire a working balance of actual cash cashin cashIn cashin in of approximately The working balance of the English government with about the same annual disbursements as ours is always kept in the banks and rarely exceeds to |