Show fiNANCIAL LEADERS SAY il THAT BANKS SOON Will i RETURN TO REAL MONEY Join John D. D Rockefeller and nd Other Kings FiRS of Wealth We Declare That Trying Times Are Passing NEW NEV YORK NOV 25 THAT THAT THE B BANKS OF NEW YORK AND THROUGHOUT THE COUNTRY WILL SOON RESUME PAYMENTS IN CURRENCY IS THE OPINION EXPRESSED EXPRESSED EXPRESSED EX EX- PRESSED BY MEN PROMINENT IN INTHE INTHE INTHE THE FINANCIAL WORLD THE ISSUANCE ISSUANCE ISSUANCE IS IS- OF IN TREASURY TREASURY TREASURY TREAS TREAS- URY CERTIFICATES OF INDEBTEDNESS INDEBTEDNESS INDEBTEDNESS INDEBTED INDEBTED- NESS WAS MADE THE BASIS FOR THIS STATEMENT BY MOST OF or THEM THE BANKS IT IS SAID ARE ENABLED BECAUSE OF THE ENORMOUS IMPORTATIONS OF GOLD TO TAKE UP MOST OF THIS AND THEREBY INCREASE THE CIRCULATION It is s said that several millions in currency will wm be released by New York banks for lor loans today and that the call rate will fall faU to normal is cx expected Bankers Dankers are of tho opinion that tho the currency cur cur- rency roucy premium which has already fallen 4 per cent to 1 j per cent will wil disappear disappear pear within a very short time Frank rank A. A vice president of the tho National City bank s said sd d I do not anticipate that the our our- roncy roney premium will last much longer cr I there thero will be bo an abundance of currency in a Very cry l 6 short time tine In Iu fact I am ant confident that thai in tho the ne near r future we shall have more currency than wo we will know what to do elo with Tho The issuing of those trea treasury certificates has been the tho final link in the chain of events which h have lie ve brought ht about an end of tho crisis The National City bank has already arranged ed for of or the tho now nov issue of treasury certificates and this will increase circulation at least durin during tho the coming week Other banks will doubtless take advantage e of the tho issue and tho the increased circulation in New York Turk banks will be felt folt almost at once Geor George e W W. Perkins a member of the banking bankin house of J. J P. P Morgan S Co said I do not believe there will be any premium on money in a few days das The fhe people who have been holding their mone money for a n. large premium will probably probably proba proba- bly find that they havo hold it too long Where here ten days ago tho premium was 4 1 per cent it was wan only 1 per cent Saturday The Tho rapid diminishing of the money premium i is ono one of ur tho the most encouraging encouraging en en- coura nJ things s which the banking interests interests in in- havo bavo seen Been since sinco the trouble started start start- ed The fhe general situation has greatly improved Bankers also state that they do not believe there will he be an any further ox ox- cn engagements a of gold abroad Since tho the financial di began 81 S1- S1 in iu gold old has hns been secured abroad abroad B By far the tho larger largel part of this gold old has d already reached New W York During the it is is estimated has been heen withdrawn from the banks in New York ami the total withdrawal throughout bout the country is estimated at Clearing Clearinghouse house certificates are arc in use uso in in twentythree twentythree twenty twenty- three cities of over population the amount of oC these certificates cafes outstanding outstanding out out- standing in jn New hew York City bein being 75 WORST IS OVER AND CON CONFIDENCE IS SURE TO RETURN SOON ROCKEFELLER V NE YORK Nov No 25 26 Tho Tho worst Is over wild John D D. Rock Rockefeller yesterday yesterday yester yester- ster- ster dB day when hn asked ked his hit opinion regarding th the financial situation It Il was wan at the clO close e eor of or the service Ice at nt tho the Fifth Avenue BaptIst Baptist Bap Bap- church which he ho attended d th that t Mr lr h Rockefeller gave his opinion to 10 friends friend There Thre was no n necessity ty f for that have havo he worst ever e to Appear appeared continued continued con con- hut of oC course we wo are aro hound bound to tofel feel fel tho the tho effects of or It Il for Cor some Rom time lime What do you rou think was the real cause of or the panic panic he was asked Oh there thera were ere h number of or causes cause Th They all happened to combine and cometo como come comoto comoto to a n head hearl at lit on one onA time All of ot th these o combined com com- forces created uneasiness s and a alack alack alack lack of or confidence When you remove con con- from tho the business world trouble Is bound hound to In t en ensue ue Confidence will bo Po r restored stor d gradually lly nn amid wo WA v will r resume Mirno our normal condi tion Is too great reat a country countr to b be beheld held meld down Do you ou believe Pr policy polley In attacking the thA trusts contributed contri- contri contil- contil buted to cauBo causo the tho financial conditions J 1 believe President Ro to b bo be actuated actuated ac ac- ac- ac U by the tho b h best Ht lIt of ot motives and hano ha hays havo no criticism to mako of or any kind This Thin financial condition wn was foreseen Ion long Ii before bo- bo fore tore It was wan 08 felt Celt Several well-known well m men n pointed out that list It Was as bound to come unless un- un less m measure were wre adopted to stop It PRESIDENT STICKNEY SCORES THE BANKING SYSTEM OF AMERICA CHICAGO Nov No NoiA A 20 dispatch to th the Tribune from SI St Paul Minn says In a statement Issued yesterday Pros Pros- Continued on page pago 8 8 C FINANCIAL Continued from page 1 dent A. A B. B Stickney of oC tho the Chicago Great t Western estern railway scores the p present and denounces denounces de de- banking system of oC the country countr the tho theory theor that the present I Imone mone money stringency Is due to lack a of lation said that while the President Stickney government Is urging the people to e have confidence ence in the national banks It docs does good 1 00 enough to hold not regard them as ns Ho lip declares that government dep deposits deposit since tho tue present pres pre luring during the forty five years ears instituted congress has nas ent cat system was not provided pro legislation lation which would per per pOr permit mit these deposits Mr Ir Stickney continues continues con con- A 1 In my Judgment the way a to u Is not l to necessary amount o of currency economize In th the use Issue more but to of what we have and devise a banking system which will permit It to circulate Instead of oC being hoard hoarded ell Under the present sub sy tern kin the government seems to require R a the roe working balance of or actual cn cash h In treasury of oC approximately The working balance of oC the English go gp gO the same name annual d' d dia- dia eminent with about bun as net ours is nl always ay k kept Pt In the banks b and rarely exceeds to |