Show LOUISIANA BANKS FORM CURRENCY ASSOCIATION Washington ton Aug 20 National hank banks In Louisiana have hao formed a cur currency currency rency roncy association such as liS Is I authorized ed ott by b tho the net act of ot IMS 1903 and yesterday reported Its Ite or organization organization to 10 the tha treasury Currency n associations have hae been reported pre from Crum six other and anti banks In 20 0 more moro are ama In correspondence with tho the treasury lIr preparing for tor or organization than tion Through the tho currency associations the tho law authorizes national banks to currency on certain securities Such Issues are lUll highly tax taxed taxed ed ad with a view of ot forcing early ro re Although authorized In 1902 It Is it I only within tho last few tew weeks that tho the banks of ot tho the country countr have havo begun to take tak advantage of ot the tho thola law la w Some bunker In reserve regeno cities have hao opposed the tile organization of the thu because th they thought It might Increase lIO the hoarding of or money Others Other have thought that tho the law pro provides vides idea no way wa for Cor n a r bank to got get out of a n currency association after It has hus entered Secy SC however hoover In the last lIat few nu weeks him has Interested himself lt In Inthe InthA inthe the thA formation of the tho associations Tho The operation of tho the law has hall Ito been some somo somewhat somewhat what simplified and net whatever objection may have boOn been felt folt In financial circle stem to have hoo disappeared 1 |