Show SHAW ELASTIC t f RESERVE Says National Banks' Banks Funds Should Fluctuate to Suit Conveniences Louisville Ky Oct 10 10 Hun Leslie M. M Shaw Shiaw secretary o of the treasury addressed addressed ad ad- dressed the tho members of tile the Kentucky State Bankers Bankers' association this after after- Hoon noon He lIe advocated a fluctuating fluctuating- re reserve reserve reserve re- re serve fund Among AmonS' other things he h said suld The amount of reserve to he be carried carried car car- ried led by hy national banks s Is ts now h by statute Matute I think this should bo be left lect with ith the he secretary of ot the treasury to determine from tulle time to time and as the tIie exigencies of the tile SO c. case require 1 Evidently It was vas wa not the In nUon of con congress re s that thuL this reserve should never nevor bi lie encroached upon If Ie the statute re required re- re the till secretary of the treasury treasur to keep a reserve resene of oC ten tell torts tons of or coal In Inthe Inthe inthe the treasury building no one would be foolish enough to criticise e Its use incase Incase in incase case of a prolonged railway blockade In Ill m my opinion It would be bo both safe anti and wise to clothe the secretary with v authority to require banks to increase In- In cr crease ase their reserve resel at certain times limes when money is redundant and to expressly cx- cx pressly permit the maintenance of o a IL somewhat lower reserve at other othel times Money T ney Is frequently dangerously plentiful plen plon- lICul in summer and dangerously scarce carce III In the he fall and winter vInter Speculation cu- cu lation lallon Is encouraged b by low rates of oC Interest If Ir this titis additional authority were vere granted tho the reserve of or the country coun coun- try tI could be Increased In midsummer from rom to wIthout without without with with- out affecting business In ill any wa way and andIn III In tho the fall Call and winter the ordinary Ie reserve er e could be decreased and In this way ay a 0 vcr very marked element clement of elasticity city would be pro l provided ell |