| Show I L fiNANCIAL PROBLEM BEGINS TO LOOM UP In Few Years Act Will Expire and Some Something Something Something thing Must be Done Donet t I I IF NOT IS DANGER AHEAD lf t TuFt to In 1111 knur on OH Proportion tu III II rente A t Central Hank in ri HP I 6 In n jK lM hj than II li IO l It on Un June 30 IU H lh th Alli financial ii U I U III pIr h b fl 11 nil III s that thAI dale da It l I ic I J l ce l bv by h a 1 I h f fi cl t or broad wo r tho th Ih count i y III again I be bein In the thi pet that is f JI 1111 tu ti t h rull d In tn the ti th til l i anlo of lit U OM Their Is Lt a g general n nral ral realisation of f tl lI th 4 t It of ut l I li on iii 1 this thiM nul I jr t I He Ihu K i lIr that thai t hll ii I li n of tin t he pre la Ia with Ith I M a M fo fr ft In Ln lit e Pi Taft 10 with t Ith favor far fa tin tilt roH in to tU tl tP n 8 1 gr M t I central bank hank Hud ind thre nr AM re Ail H n ria lr f r M t heme J bl I th that t i hl bk h the th t ort In III IK Ie II I upon the th I tl of nr the monetary klon 1 WhiCh h hl ha been Ien at AI t i ork for fr more m than a lr the Ih ilal for rr forth f lf th lb of or the actual legisla legislation lion tion 1011 ALDRICH AI t j It Is Ii fully rully by Senator Aid Ahl AidI I kh hd the th hm and h b the 11 o i r l that hat It wilt will I be he difficult to tI It arouse aroue Interest of oat th tIe maas or of th tit the In the details of ot thin rather and tIt I only by 1 agitation can the na nR national lional legislature Iw Ioe brought to the g point 1 Int of or If It It required 10 years yara 0 to t about a revision of ot the then certainly a R i d of nr les eu than five fiveY yearn Y aIA is III none nOlle too ton tong long lOll to perfect Il and ond enact legislation on a MO so com corn complex 0 plex and rud important as aa II Is I Involved in n II general of or the jf tern tem of the republic republica a Therefore soon attar after the tha return to t America of ot Senator and Prof and other members of nt th tha commission which IF I expected eXI to 0 be Ie bet beabout about the middle of or next month mouth pro lIre t will IH lit 1 made mude for tor the publication t tion 1911 of or the preliminary of the 1 and anil It Is s hn that thia j cnn can be hI roo h for to Con Kress when It In n December D lr This Thia will he b l only the beginning I for forthe forth the Iho th full report Is Ia to bo bt BO mo 0 n nIve Ive In III roe that It cannot o 1 he within another y ir but hut it 11 will Hone I e to 10 direct t public attention i 10 0 this matter matler Rfd and will the sen eon senators I rei f material for far to nt fit to grapple with such euch n a 18 mar marT T ho be ultimately proposed by the tho mone mane monetary monetary II tary commission STUDYING o i This has halO heel bom up In tn tide thin 1 point In n tI t careful study cIndy In III the Hurole of or n the th ys WI of or I Iron roat I and tin tie Dill TIll I continental powers and u it mesa of or data Oata of or the tho greatest Importance to tn tbt th 0 students 41 of nic has been collected 0 It JI j Is Ia realized that none of ur t these yf 8 time t III S aa RM a II whole Is Ia adopted to 10 tin th thor needs of or tile the t bet flUMP of or the pe pp p o i xIII III In tins this hut but In in InH t of them thorn III I o found some features that tUat rna nUt be h b of nf value as aa a f foundation n for fir the projected 1 u w v American lan Attention will Ill be hI dl l to tn IIII U La L of or the existing I nit eve I S teme vt width huh he Ii ine grown grunn UI up by accretion tion timi It to be described as ac patchwork and 8 nt as ne It one no longer Ion Iter raps rapa We bIL by reason of lack laek of or elasticity and nd e ary of meeting the business needs neede of o the country countr Though nominally created to deal only with the subject of or currency and tb th bond l ues the commission has hn enlarged Us Its scope opo as ae to Include the tho national banking system and It Is III be hI believed that even the bunks will willbe willbe be he dealt with In III the report The projected great groat central bank will avill willbe willbe be fully full exploited for there Is It Mn to bell believe bellev v that oven III In banking circle misapprehension loll exists as ns asto aSto to Ute the functions of this thin Institution OM OLl Ol U 8 S DANK BANK on the tI history of or the opera opell of cit the old uld United bank hank de troy d by Andrew Jackson exists among the officials of national and state banks banka that lint this con cen content tent bank they may upon their busl busi n flees s and be a n formidable competitor 10 or orI ko so I O tide phase PlIa of the matter will be fully dealt with by h the communion The Tiie be mot boat mo t that I hiis liae been t that lint project Is 1 1 based led titon a 1 doubt whether one oner r inti I would bo lie to emergency demands from seine Hume n ft Uti II of or the th country u nil tho th iii 1111 corr looking to tile the creation of or of the Ih central benk bus lizi only Jill 1 tin tilt fear feir of the tho existing banks b that the th lulled l I b to tu enter IntEr IntErI I held of a Ith th RN nc cot nl taken by h Mr Murray I h lii or of tho Involving ing ln the th assumption of absolute 1 li h banking hanking for or every pArt nf or the banks guarding against loans without proper to and requiring the closest letwen the tho national and II state tAh batik In the th Inspection hl pC lion Uon lionor of or the operations of the banks bAnk have linSe resulted It Is hi believed In bringing these Institution lute Into a mm h higher of ol f and nd placing them theft on ian a sounder 5 basis than they have eer tr enjoyed and AnI the In tt I r is te I full ull i 0 that with e In the Ihl banks r I there Is III r n 0 reason t Ui tn apprehend 1 ant I struggle 01 V I for i n tin tb and state banks bank bankson I I m on the Ih one oni on and tho the government t central b bank on tin the ither eUler I |
