Deseret Evening News | 1906-12-21 | Page 7 | Chairman Fowler's Report on the Currency Bill

cHAIRMAN FOWLERS REPORT ON THE CuRRENCY BILL Dec l ow ler ot the house on bank bankIng Ing and currency to tho today his report on the credit currency bill ar l ll upon by the com committee The leporte com that bunk bool credits aro Identical with bunk cr that It should bo nt op or the at IL banI to IY whether he shall have current or tho blink or a bool subject to his check Tho report continues Your committee asserts that It I whether IhO at a bank are In the torm ot deposits sub subject to or ot credIt bank providing that tho reserves anti amount Is required tor the protection at With tho sarno tree dam on tho ot tho bank to I suo Its credit notes that It has to to check the habits or 1 whether the de ot a bank r lis credit the larger The at 1 credit currency lire set b the report It will lower of Interest throughout the It wIll mako rates practically th year It will to the c ns cr lt as the citIes en enJoy Joy wh re arc usell It will gle to who Use rone In their liS eco economIcal as enjoyed h those who IIse checks In their It will make It possible Cor the to lerv such ot their custo merR liS currency without their to tho InN or other who hae loans which must be the currency can be i tor It Is Im Immaterial material to 1 bank whether It owes a lIol 01 1 It will almost prevent and avert a ruinous IR IRIt It nl ill ot cred credIts Its becomes too or the Cund has been III Into the ment a credit will liquidation without ot lueR to 11 fixed quan at h ns WO now have