Show c the lie Currency Thero art t two o occasions when an immediate im Im- lm- lm mediate mediate- Increase Increase- of the We currency I is needed Ono One of or these hll h In is tie the sudden development ulet of oC a a. now line of or business which requires currency We e c have an all annual illustration of this In the lie har liar vests The Tue payment IH o of wa wages s to the the harvesters lar and tIle the marketing of the crops call fur a a. Joo good c deal iV-al ral iri ir motley money tItan than is needed cd in eight or ii nine months h of if the year ar and we WH have tight money l every or fall indeed i several veral times In Jn the thu thelast la last t IG 16 or 01 IS 18 years ars als panic vanIc or 01 orthe thu lie verge verso of or panic hn has been reached i The true other nr tot for currency expansion all arises es when whOn money mOlley is withdrawn from circulation for hoarding by timid per per- sons eons This Tills occurs In iii every panic nic Indeed In In- deed it is hs the cause causo of tile the panic ono one 1 or oh two big failures would woul not noL n necessarily ce ar- ar ily II upset the financial machine but when it sets people to lo drawing out thou their funds and ammil locking them up hanks bunks have lo to call call loans Increase their I reserves ser and refute refuse accommodations u- u II money rules rates go 10 up and anti tt lre is lan pandemonium en No o h business mini keep koep In hl his hla till Lill tillmore more inure currency that hat he lie lI needs e il for Cor hl lila his ol ordinary hu business the he rest h ho lit deposits The 1111 banks do the the- same r thing having ha their theli deposits in excess of cf r their belt ordinary or or- r reserves When hen a great Sleat demand de tie- mand foi fui currency cornea comos suddenly ov n it is upset house Clearing c certificates tea which will be 11 Is Issued here In Iii New York and andIn andin in s several other othel cities as occasion ion ma may require effect a small email increase of ot th the currency cm b by providing a a. uno pew new tort sort of or manu money good tood in cl house clearing settle seUle- meats ments In Several cities East and West P t. t certified checks are arc being u used cd I wherever actual money moncy Is iH not rea really It rf needful This Timi a further temporary tempo tenil- a as In time Iho on J |