| Show DEMOCRATS IS WILL OPPOSE MEASURE Fowler Currency Bill Does Not Suit Minority Who Favor Favol Williams TO OFFER AS SUBSTITUTE In 1 H ii avit h Mi rs Say Suy Sa Tro Irn Im Ped Art et 11 N 35 I 0 lit lilt lila for roa h in un ity Which I Set Out ton on huch S The Demo IS of or tins th huu commit committee I tee Ice on Oil flu today agreed l lo III report to the tho Ito tho mi jul minority alertLy currency bill Introduced by John Sharp Williams usta for fill the Fowler bill hub billIn In III tho thu course of or V report the time mi ml minority says t s sWe We oppose o tho the bill because beau It vir vh virtually lakes from the government power pOW I to tr regulate null antI tho limo national banks of ot the country and wholly fives des over thu tho control of or such ElicIt Institutions to 10 a ii of ot maunders which Is la selected lCd by tile the barks banks them themselves selves sole POINT OUT OBJECTIONS The Fhe also lake exception to tn the th provisions of ot the bill requiring tho I of greenbacks complains that Il It batiks batik time tho of the tho got eminent for the tho of or all Its Us busIness alit urges urge the Inadequacy ul Y o or of the Ibie III Interest It IL Is III also J that under action of or the pro proposed posed law all state slate banks bank amid savings and trust Inevitably be driven drivel out alit of or business With the thc banks all nI nh organized under tinder sole wole and amid complete power to iSsue all money mOllo as all thoy deem proper will win thoro there not lot b Ito ho great lIan I either cither contraction or of ot the or of money mone In itt circulation 1 they ask POWER POWEll Will ViIi It not 1101 be bo In the tho absolute power of ot these banks ha or Jr their italy board of 01 ui man luau to make male money scarce or to make muke It plentiful to make the lie rate ralo of or Inter Internet net high hl h or make it II cheap to cau cause c a It lolI tu or ot 01 produce a n relaxation Surely Hurel Congress is being asked to ta tide Ocle ito 10 to 10 the time banks a most dangerous and wonderful power III In giving them Cheat absolute control or ot the medium of ot all alt values money und and In conferring on Wi thorn them the tho sole power to Issue money In such Much quantIties ns as II they Illey the think wise Witte Without doubt time the most serious etl us proposition proposItion with which Congress has lund had to deal In many years Is the tho and control of ur the tho great corporations that have iron and amid beyond time the control of o the tIme government ANOTHER n FEATURE Yet Vet while we e me are planning ways WI S whereby wo uve may ma wisely anti Justly jUstl suit sub Joel these great Interests to govern goern government ment fluent regulation we are Ht asked ked by b the Fowler bill to system Complete anti and un U Ii authority to 10 Issue tIme the cir dr circulating medium of or time the country In III quantity In Jim manner I anti and at limes to please fortunate enough to en n joy this great special privilege The minority conclude by urgIng the acceptance of tho th Williams bill as nJ a II substitute Inc for tho ho Fowler bill Jilt |
