Show BANKS IN GLASH CORTELYOU Secretary Is Certain Banking Institutions Are Treating Him Unfairly MONEY NOT DISTRIBUTED Financiers Are Buying Securities Securities Securities ties at Panic Prices It ItIs ItIs ItIs Is Charged New NeV York Nov ov An 21 An 21 An acute acuto dif difference dl- dl dit- dit ference has haH developed de between Secretary Secretary Secre Secre- tary Cortelyou and the banking interests interests inter inter- ests eats of or tire the country Secretary Cortelyou Cortelyou Cortel- Cortel you ou fettle teel certain that tho ho banking in institutions In- In of oC the tho country have ha e not treated treated treat trent ed him hint fairly In this feeling he I Is sustained b by th the president Briefly tire the secretary believes and this Iris bele belief Is shared by the time president that certain bunkers Instead of utilizing ing lag the tIme funds released by hy tho the government govern govern- meat ment to relieve business stress have have diverted tho tire to cash money reserves Nerves Others it I is said have cast goi e ol goze Into Inlo th the market to hu buy securities c at nt panic prices rather than apportioning tire the mone money among tho time Ju business lne s Interests that need It I. I More than luau nan has been re released re- re leased nn and placed In the time banks baruka banks When the came camo bankers to Secretary und and Ind Indal Wall al Cortelyou street financiers begging for fot this tins mone money thoy they declared that time legitimate t business interests of time the country demanded It that crops crop must bo hi moved cotton coton exchanges arrn arranged ed and nd so on I hut but Tin Rn A At totally different n ha do- do THa rho rh a Ul tl roU ro bat at th the Interests g of or thy coun oun- try tty ln Instead teu of oC releasing r tho money for or n need e of or actual bu business are MN utilizing 1 Jt t i in fl two we ways wa a First hero Where bankers had hod boon been content content content con con- tent to carry a currency 10 re- re servo aeno of or approximately 20 0 per cent cont they now In many Instances Increased increased In in- creased their serves reserves to 35 an and oven even CO GO per pcr cont cent As fast tast as ns money has hart his been loosened by the tire government It I hurt haa JUl been locked up h by tho the bankers the banks hanks Second r many cases have havo utilized the tire funds so 80 provided pra to bu buy securities at panic prices As Asa a result of these thc operations there chore Is nomore no nomore more mono mon money loose today for the tho business busi busl- ness iress interests of tho the country than there lucre was before the thc government to render lender assistance to tee crippled banIng banking bank ban ing trig Interests This fact Is now real real- realized ree- ree tied J by tho the secretary of or the treasury and he lie ll feels that he ie has hns been treated U unfairly 0 fairly |