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Show ASSET CURRENCY IS URGED BY GAGE Former Secretary of Treasury Says Country Needs Larger Volume of Money. SHERMAN. Tex., May 12. The Texas Bankers association met here today and listened to the reading of a number of lftters from prominent bankers In other States. One of the Utters was from ex-Secretary of the Treasury Lyman Ly-man J. Gage, who discussed the question ques-tion "Is the. Money Supply of the United States Sufficient?1' "I answer the question," he said, "by expressing the very grave doubt whether it be adequate in volume, and a clear conviction that it is not economical eco-nomical in character. The provision for supply ought to have reference to recurring needs, responding in volume when occasions for use of currency are the greatest and retiring naturally as the requirements grow less exacting." He argued for credit or asset currency.. |