Show IJ NECESSITY OF RELIEF URGED Comptroller of Currency Advocates Credit Currency Plan Washington William H llldgoley comptroller of tho currency advocated before the houso committee on banking bank-ing and currency on Saturday tho a proposed pro-posed credit currency plan There was ho said no question regarding the necessity of some measure of relief re-lief Ho believed a graduate tax should be placed upon tho credit notes which would create an ample resole for their redemption This he thought was a much superior method to the high tax plan with no reserves Sir Kid gel ey was strongly In favor of having the government guarantee such credit currency No risk would be Involved In this as he said the r per cent guarantee fund would secure the government against loss o |