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Show THE BANKERS AND THE LAW. fl It is all vory well for tho bankers of tho na- ' tion to assomblo nnd discuss tho proposod cur- .' ronoy law now before congress. It is right and SI proper for thorn to criticise it, for thoy should V know about finance It is patriotic and com- I mondablo in them to offer suggestions as to jl H bettering iho torms, details and purposes of thu M system. But they must not bo permitted with- m out protest to say wliat Frank A. Yandorlip, Hj president of tlio National City Bank of Now Hj York has said: Hl Wo aro not loading in any movomont to Q kill the currency bill, but 1 considor any H move for tho purpose of bettering logisla- 1 tion a wise and patriotic thing. It is all M moonshine about a propaganda to defeat tho j bill. I want to see financial legislation ef- j fected. This bill has some CORRECT PRIN- H CIPLES, but it must bo changed according j to the linos suggested at Chicago. M Congross is tho power to say "must" in this Hj matter, and on tho issue of authority between H congress and the bankers' convention the millions flj of American citizens of this republic are going M to indorse congress. And while tho bankers can Hj hurt these millions of people if they want to, m thoy cannot safely make a boast of it. They Hj can not prudently threaten. M A bill having "some correct principles" may H bo amendod whore incorrect principles aro dis- H covered by experience. Any currency plan form- H ulated by conscientious and informed men is a B world-wide improvement in tho prosont condi- M tion. The bill now in committee has boon B framod by men whoso honesty, patriotism and M wisdom must bo considered, no matter what H their politics may bo. They have taken counsol M of bankers. They have listened to abundance of M suggestion. Thoy have considered reams of cor- H respondenco. Thoy aro chosen for their ability, H out of all available data, to formulate a system PH having tho greatest promise for good, tho small- Hj est peril of evil. It is reasonable to think this H bill, if onactod into law, will bo of tremendous H benefit to the nation. No group of men, what- Hj over their vocation, may force thom to change it. H If the bankers may do that touching the H currency bill we shall have dictation by classes Hj all down the line till tho I. W. W. shall reform M the rules of order. B I bolicvo the Aldrich bill a bettor bill, pre- VA sonting a surer solution of the nation's curroncy H ills. But the question now is: Shall we have M some improvomont, or no improvomont? And H this bill is immeasurably bettor than none. AH Mr. Yandorlip, so far as ho expresses the H sentiment of bankors, has taken much too ad- VAH vanced ground. Congross, and not he, says VH "must" in this matter. |