Salt Lake Tribune | 1913-10-04 | Page 3 | Secretary M'adoo Answers Criticism

I SECRETARY M'ADOO ANSWERS CRITICISM WASHINGTON, Oct. 3. Answorlng rrltlrtsm of nn agreement In tho odmln-h odmln-h itlon currency to the effect that the volumo of short-term commercial papur he by the national banks was so "mall s to make tho rediscount provisions pro-visions of tho measure of little viiiii Sorretarv McAdoo. In a statement tnnicht announced that on August D lust the imtlonul banks hold jM2S.0B5.lB7 of paper maturing In ninety days or less. These figures, hawed upon reports to tho comptroller of the currency, the secretary said, m-.cmcd to disprove the claims of the opponents of the bill.