| Show BANKERS VIEW ON MESSAGE Financial Recommendations dUons Considered Vary Con Can by 1 STATEMENT IS THE KEYNOTE More Flexible Currency Needed And It Is Up to Congress to toMake toMake Make Needed Legislation Message rW e 3 Onn a j Very cry Strong S1 fI One suit ami Financial Sug Sag The president on oft the th allan W M as a I in hM mi to w tos th tM the s b Kt of oC f turn dl In III v er y and today tody although rh some me had not then Ie ken time to thoroughly digest th the document It WM WU fount found us as It a general thing thin the president on n the financial situation did not nol excite special pedal remark in several ral of the bank banks the reply pl ply to tl queries was w had time to read IId the th me mt meae ae sage so eo cant express any say opinion The lbs thus thull approach thi th straightaway gave gere ve Attention various piles plies of tf commercial paper on It fl the de ks before beroll them without consideration of or the presidents mp me sage either as a whoa or In part pan However there were war a few C bank blink of 01 tIdal who had bad h glanced over oyer the sec sc section tion bearing bearl specifically on the titian 11 situation and expressed them themselves selves salves Iv aa is follows tollow VERY W W The president Is I very conservative In hi III utterances on the financial situation and has ha saved him himself himself self NIt a grunt grant t deal of or criticism by b men rea reason menson son of at not attempting to 10 map out any an particular plan piau to Increase the volume of the currency curren His lOts statements lit a men t fur furnish CU r rIll I nish tush Ill a keynote for fill the policy to b him be considered by this In legi 11 i lation lallon desired but the question n should not nOI be bp acted attee on hastily They will w 11 probably let things take t e their course coura and see what may be needed after attn hav hay having lag ing I an opportunity to 10 calm I Judgment I J think the president U ia I Irvel heeded headed In moat most things LEGISLATION I S Hills Hill I agree ag that Rome legis legislation gill lation la on la is necessary but the president makes no DO suggestion of ot any specific pla Th The question is ta which of 9 the many milA plane plan to ta likely to prove the be best t The Idea Id I 15 to let Itt the banks bank icons ad Id additional circulation by deposIting full Cull outside of oC the tb government bond b b nd with the right to retire Ure It as BB oc carton may make It advisable adl able CANNOT CANOT AFFlICT SITUATION SITUATIONS W 8 S I dont see hO hov the message can affect the banking bankin situation It Is I nothing more than what has haa been n recommended before Jeto In ref ree reference ernee to l a more currency Tt Th recommendations are all to 10 those of oC former mf messages image and sad are undoubted undoubtedly ly I sound found It 11 remains for Cor to act and no doubt It will agree on seine mine bill with a II view to bringing the Iha country relief C 8 ti Burton I think the preal presidents dents dent recommendation are good O A ONI W F P Adams Adam Aa n II whole I con eon consider eider sider the message age a strong one on and end the part Art referring to the sit situation milton Is I timely lImel going a long distance to tile eUle the UIe present financial dlf dit AcuitY and nd will prove of ot value In aim sim similar Im liar ilar emergencies in un the hi future |
