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Show ALDRICH PLAN IS OPPOSED BT FORMER SECRETARY SHAW WASHTVOTOK, Jan. An n.phatU wamlnir from former Bojcratary of th Trtuury lali M, Bhaw that m ntml rrv bank, auoh aa aropo4 rf tha national monataxy eiMnmtMkn, wavld ba oontrollad abbxrfutaly by Wall atraat, an a tachnlcal diavcuulon by Profaaaor . Lauranc taoh)ln of tha tJnlTTalty of Chicaso of tha op oration of propoaotl dl vUtonal raaarv bank a. faaturad today's haarlnc bafor tha Olaaa auboommlttaa of tha houaa iMiilclna: nod eurraney oommltr ta. Tha oommittaa will haar no nnora banhapa and aoononal oxparta for tha praaant at laaat. ltpraMntatv ooalnaao man of vasioua aactlona of tha aonntrj ara naxt on tha Hat of tboaa hivttad to air thair ritwa on tha naoaoalty for bankinc and eurraney rafornu D. J. Endy of Philadelphia, cbalrman of tha ax cut Ira eommlttaa of tha NatlonaJ Cradlt Man'a aaaociation. and o thara will ba ataminad tomorrow. Dtrljrt out BuUc PUa. Quaattona aak ad br tha Damoeratla mambara of tba commlttaa aaam to lndl-eata lndl-eata that tha oommittaa favora tha a-tAbiithmant a-tAbiithmant of a ayatara of dlvlatonal ra aarv bank a, oparatad undar eoaa W arnmant auparr.alon. aa a aubatUut for tha national monetary eommiaaioa'a pra poaad control bank. Aa a ram ad y for axlatlnf eondltlona. Mr. Shaw propoaad that tha covammant au-thortia au-thortia national hank a tolaaua unaacurad eurraney. to ba toiarantaod by tha tor. arnmant, to tha ax tan t of 2t par cant of thair capital otock, not lnoludlna; aur plua. In tlmaa of amartancy. To forea oontraoUoa aftar tha amartancy oaaaad to axiit ha auttaatad that a tax of I par cant ba lm poaad upon all auch aup-plamontary aup-plamontary auxrancy baeaaoalad aftar a car tain data. IolUia'i Vlawa. Profaaaor J. Lanranca Lauthlln of Chi-eato Chi-eato told tha oommittaa that th Amart-can Amart-can raaarv ay a am actually tandad to broad panlca. Tha cblaf dafact In tha banklnt ayatam, ha aald. lay In tha lack of organisation of cradlta In tlmaa of panic and tha organisation of a rod it by dlacuuntlnt Arma. "I hava traat raapact for what haa baan aocompllahtd by tha national mona-tary mona-tary commlaaton,'1 aald Profaaaor Lauth lln. "and I baliar that tn any leaiala-tion leaiala-tion which may ba paaaad par cant of tha faaturao of tha commlaalon'a plan mn at naoaaaaiily ba Incorporated." Profaaaor Lauthlln arguad at lanttb atalnat aarnmant nota Taauaa, con t and ; Ing that auch taauaa nacaaaarlly wara tn a aatlc and aspanalva. Tha outatandint "graanbarka" In tha Vnltad Piataa, ha i aaid. eoat tha paopla $lS,Oto,ooo for la 1 i t ara at on raaarvaa. .DiacutM aHibatltata. j U daacrlbod la datall tha working af , a divtaional raaama bank aystam. aug-, aug-, aa tad aa a auhatituta for tha national , monetary oommlaalon plan. Dtftcuaslpg tha propoaal to guar an tea i bank depoaita, ha lnalatad that ona bank should not bo made to pay to guarantee tha dapoalta of another. Aa an alternative alterna-tive ha auggaated tha organisation of companlaa ta guarantes or inaura bank dpolta- st aa tnauranca now la writ tan agalnat laa bv nr or atorm. Tha aanata, ha aaid. ahouls Invaatlgata tha affair of th banks and tnaka rates varvtng according to tha Charactar of buslnaaa dona |