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Show MR. HUGHES SAWS WOOD. Butte Intcrmountain: Ever notice not-ice that Charley Hughes says nothing; noth-ing; just saws wood? While notables inside and outside of congress indulge in-dulge in talk, the New York executive execu-tive goes right ahead and docs things. ' Since taking his seat he has effected more toward honest government and clean finance than any of his predecessors prede-cessors and the nation scarcely has been aware of his existence. His commissions com-missions arc going at the heart of things without the accomplishment of brass bandsl "The committee appointed by Governor Gov-ernor Hughes," says an Associated Press dispatch from New York today, "to recommend changes in the state banking laws, has under consideration, considera-tion, ampng other things, changes in the laws regarding rust companies which will require large reserve funis to be kept. The first plan is for all trust companies to keep on hand 25 per cent' of all deposits, of no matter mat-ter what character, 10 per cent to be deposited in banks and the other 15 per cent to be kept in the company's vaults. The other plan provides for a reserve fund equal to 25 per cent of all demand deposits with only a nominal nom-inal reserve, perhaps only 5 per cent required on time deposits. The passage pas-sage of laws embodying cither of these plans, it is thought, would induce in-duce many of the trust companies to enter the clearing house or establish a similar central body of their own." It is too soon to judge the feasibility feasibi-lity of some of the Hughes propaganda; propa-ganda; but the main point is that this fearless man tackles all the big problems, prob-lems, and in a spirit not of animosity, animos-ity, but of justice and moderation. New York legislation, during his term may safely be tried in other states. |