| Show SHAW ADVOCATES HIGH TAXED CREDIT CURRENCY Dee Dec 1 Shaw tim tho 01 bankIng aol currency lode I In ad of f a high taxed credit cur G Pr pet cent as it a 10 do mate I it the tho need for fr great reat In currency but time tho opinIon that thin plan formed b by time the AI ns as wil wiil hot t hiring about shill dent clont to be bC very Cr useful that time hankers plan 10 ro In time the issuance ot of additional In notes Mr Ir Shaw said In hl opinion not moro worth of at the these e ewi wi viii be Mr Shaw hou ht the tho bankers plan tas wholly holy to 10 time tho ot of the tho anti It world wu was Ith too mich much machinery for tIme lm lIed good ho eels It II Is ot o 10 ho saId ho did nt not vant to ho bo r regarded as nn an opponent ot of the tho suggested h b the tho banks because lie he felt that ni any still toP toward relieving the for tor greater elasticIty at certain of at th year Wil nuIs desIrable butt but h he ar that the tho strive to n it moe effective U I It WM was urged hr by the secretary that In an effort should hou ho be made to al nil our currency more elastic rather than to I import 1 1 rt to a amount of emergency Un en tier the plan Ime he sll saId only Ir the credIt currency which goes O S Into beaks would bo be on It Its way war warto to redemption There Thore would o u II bo be no nn h banks should olt time the ot of natIonal bank noted noto and the they no effort to do so In tho the bankers plan national banks tire to be to additional notes for tor every ot of thel nt at an rate If p pet por cent and an 11 1 wil with Int rest at II tIme rate rato of ef G 5 per cent I fJ 1 f |
