| Show 1 i f Iir r MONEY FOR THE NATION r I ii I r I f f I Germany Impressed With ili jc r J 1 i l l I l II I J ii f j American Methods I I L I il j I il r IliN II i SUGGESTS CENTRAL BANKS < I r rt o I I lh I 1 I I J I TJ j J J i J1 II j Berlins Groat FinancIer Ra IJ I t Iqd J y viows Situation 1 1 I I j J1fh I I il 1 j I J I I I I h I h J Regards Elasticity Next Important 1 f I Jj J HI 1 j to Soundness and Approves Our Monetary System II j 111 I I I I 1 I dr P t J II i j I Ii Ii i I I t j F i t I I I Berlin Oct 22Pre3denL Koch of r 1 i 1 I J Mm Heichfibank discussing American < tlf r I I financial matters said today to the I Ip i rorrespondfrnt of the Associated Prcss il Accotding to my private Information i i I from the United States the most lively 4 p I s Ii interest IK I manifested there for further e I kfl1 J r 1 reform of the currency system in the IA direction of greater ehisliclty Your I t i tl country nlretuly has taken long strides 1 l Vq toward i sound monetary fcystem In I i J r t the repeal I of tho Sherman law as well li as in more recent measures j b l h I It This legislation has been dictated by S J il j 1 I I J a dcttrmiradon to heep I the currency c I 1111t II I sound But from our Gorman experience 3 1 r J experi-ence wo regard elasticity as being next I J i in Import 11100 to soundness and us being i i fI j i be-ing Indeed Indisponslblc for the tlrcii r I j J IntliiK iiuioluin for a great commercial f r J i nation and we think It would be of immense It U JI I im-mense advantage lo the United Slates 1 I 1 f I t r r to ndnpt some plan under wlnVh the I d t k l I volume of circulation would naturally t n1 b mljust t Iisclf to the monetary needs of i i W f Ii business besides developing a check I r I 1 q and deposit system I I U t I Whether rhls ond woulil best be attained i L 1 at-tained through the establishment of a t I 1 t If d I single central bank like the Relchs I 1 t I I bank or several such banks In the i II f i 1 I important financial renters hut operated 1J 11 t II 1 L I I ope-rated III harmony with each other or In lj t fit fI1j 1 I i some cit l1I way art > queMions which jd i J j J I we at this cllitanco to answer must be ii I I j I dPtermiitod by American condition rh I r j I Secretary Shaw recent suggestion 1 I that reform bo undertaken along the I I 11 i h I Bcneral I lines of lie t < Jerman system Is I i 1 a gratifying tribute from a competent 1 I i 1 foreign source to thn successful 3 I i l j working of tHo Kelchsbank Whatever I r t I 1 may be the fite of his suggestion the j IJr t l i I Socrctary5 speech shows that the inhuls L l fL t of the I loading 1 American statesmen are I t 1 I i seriously grappling with the problem t l u and that t they are moing In the right I tli I 11Ji 1 111 i ff i direction |
