| Show jj m fRS States ilaS Currency System in t o World arid ur IT T CAN GAtI BE IMPROVED Sot rt ct L Because It Is No Clearing louse House Asal Certificates i ftp pt address ry of the trea treasury ury Ie Leslie lIe cf I e rh the of the morn ja ot of the lon jr fI an Ho f the 1 l r tlc currency I Mla In rm fa I It l Is Ii fact ha the best bost our cur ourI Ihal the hn i world worl docs not Im I sn i In he t v r t C UI rEncy of or the thes I that It cnn can or 01 I t s s a M i I 1 j 1118 is ci liS ufo safe us any co bt t rid because It Is m HI to WU wit witt 0 I J It 1 IA the tho most oon t II a world because It Itt t tn 1 II fo the decimal or metric II tr l II I ne necessary to earn curry u I Ih f t tor In order to moke leg Jeg ill h r e E s J iw t largely bon bo boo booc l 1 It falls to ro 10 roi n I c J nJ i i to 10 the changing needs i i 1 f r Attention i a r h I th wy timer time MI hi i 1 I r I I v iI That t r will b br hI hIj j fut fur er in rn 11 legislation until wo woi i iM r II i i b tv l occasion 1 i t 1 jl It n f r elasticity I am nm con conI I 7 T does not i ute ate l tV 1 1 and tho rt ns r ri i j I luI y Uli I hJ 1 no rem remedy will blI be bl bea I a aPP wi We lId 11 e r 11 M T r ft I panic Sept 30 i ople appreciate The f tut d fiat l ve 1 e 1 e taped does not rain i I t WI will V tire loft I A g i i Ig g detect defect at a vital point i rl Tie 1 i n or late lale assert It Iti i iff pi a It remedy should ho hot t Ii i I re 1 ru 1 and as nil far as ICA ICAe i e 1 J u I it so that It limy ho bo hoI I I I i il I l h n the people are Uy r r It Anna I J M lIP nn an excess of money th the s e f and summer months II T H i through a II period of oft t n III as ns the period of ot ft rr f Annually th tho volume i ft rl non money i le to 10 4 ir tr t 1 is 81 n increase of bu j W We d not 1101 r ni Id d must not nol havo J j n Tie Tle average amount of or rn iMn y Ie n try tY judgment 1 TM M dm u IM In the that tha I um stationary N v wh i be the remedy Shall J to l 81 e In III tho popular n of or t 11 I answer no A At AtI I ji 1 understood m mean an Ion an and that we must must t it h ha c Asset currency y n as common lei I 1 af d 1 would b supported only i f PH PD at of ho bank of ot T T i rut t rc rt be P Shall It be emer j f y r u n v V In file lie popular i t t v i 1 I t if 11 t tiMm lm 1 I no noI noTt Tt na t l n 1 f originates moro more I I currency than any other country on the tha I map hut but our chief ohle city Ity I U I not the worlds clea clearing rinK house It ought to be bp but It I In not One reason why It II s not Is IH the tat fart that It has rne times resorted to clearing house houe certificate cate which Is a plea of ot guilty to an Indictment I en I had management locally or bad legislation nationally 11 the financial world e both bOlh Clearing hou 1 must ne neer nev nevor or er be by hy la law Let LeI those thole who love our country and who conserve her hel credit net et their against such II a with th the fame fam Intensity as th y resist the rr frs tt und unlimited L coinage of silver Clearing Clearinghouse house deba e our with the consent of those who ho are arl sup supposed posed to be the bet best financing In the nation The free of silver would It II through h political up The threat of or both hoth I doubt not nol contributes t to that distrust which prevent foreign backer from keeping their International balances In America Whatever Ih the remedy must be It must not our calamity or 01 our ex extremity Among th the many remedies suggested te 1 none appealed to me us liS strongly as nil the authorization of or additional circulation lation Thin method Involves tho right of lOt national banta to o Increase their circulation In an 1111 amount equal to 10 50 per cent of their outstanding vol volume ume of government bonds secured cir clr circulation on which the bank should pa pay a II tax tu of G Ii to 6 per cent luring during tha tho time It Is III maintained nol and tho merit ment In consideration of tho tax should guarantee Its redemption You may call coll this thill It H you please an emergency provision So 80 It Is but It Injects Into our circulation no nl new of or money as s an nn clement of alarm By y eliminating tho one statement MI the pre present ent bajik note this Ihl note nole If IB l secured b by bonds of the United steles the nd additional currency could rould be made moe Iden u with lIh that based on government bonds bond Th comptroller of the currency the batik bank Issuing the currency would Ilone know of Its existence U tt ul 1 not advertise Its existence of our ex extremity and nd I can On lon convolve h of 01 conditions under which It would r out 60 days It could coult h hp primed 11 kept ready for or I Issue u II MS oc might require and It would t lint b by up each h Individual bill but by br II of mi All of or monny with nil any ury Then the note an U they In be br this lt until II U II wan 1114 after rl and vun 1111 ns nl |
