Show 1 J- J JI tt I 5 V 7 t i SENATOR SMOOT SMOOTH SMOOTS SPEECH t. t l' l CV Baltimore American Mr 11 Smoot ll de- de 1 1 fended tho the Aid Aldrich rich bill declaring that t while while be lii favored a an l. l emergency currency currency cur cur- J r rency ncy he be was he-was was opposed to any inflation Continuing Senator Smoot said saith t This has called a depositors depositors' v panic paule but it could with moro accuracy be lic c call called ell n 11 bankers' bankers panic Bankers can run on ou a R bank more lOre f fatally than individual depositors although it does doesS S not take tako such sucha a long line of them to toi tob b i t draw out a large larce sum of money Bankers Bank Bank- 2 i ers saw what was coming and tried to t take Je w care of themselves cs I 5 Detroit Times Mr Ir Smoot op op- r c posed the view of those who said the tile government should issue money dl- dl i. i He said the government had alrea already y delegated to the banks the power of or Issuing mone money and that the AldrIch bill di did not a a. departure depart depart- ure from a well established principle Boston Doston Herald Senator Reed Heed Smoot of or Utah in a speech on the AId Ald- r kh bill In lu the senate today declared that the recent financial disturbance ha had bad been a n. bankers' bankers not a n. depo depositors depositors' panic Mr Smoot said be he ben was wan n not in favor r t o of ol interference with present conditions except to pro i provide e an emergency curt cur cur- rency t J J Washington Times Senator Smoot of ot Utah spoke this afternoon in the senate in lav r of the Aldrich currency hill bill He Ic made a strong defense of that measure 1 The Utah statesman declared the tile J benefits of oC the bill would ouId not be he con con- lined nned to New York nor to the East alone but c extend ten to tho the West Yest as well vell ell He Ho argued that inflation of or bonda bondo would not nol be he cau caused ed by the passage of the AldrIch measure Washington Star Tie The present financial trouble said Cald Senator Smoot of Utah a addressing the senate to today ay on the pending nS' nS currency hill bill Is IG the tile result of a Il breaking down of our crp credit ll s system stem Restore nestore confidence ence and credit an and let the people live within their incomes incomes in c comes mes nn and a R reaction will set in as surely sureh as the sun will rise tomorrow morning Mr Smoot defended e the AldrIch bill declaring that while hile he lie favored an emergency currency h b he was opposed to any inflation Washington Post The weeks week's de debate debate de- de e. e bate In the senate on the pen pending ing Currency currency cur Cur- rency bill was concluded yester yesterday aJ afternoon af at terno n wIth a a. speech b by Mr Ir Smoot of Utah lb Ho found foun the cause of or tho the recent panic in tho ho breaking down of or ortho tho the credit system more than in iu any any- thing else If credit were restored d and as he lie emphasized if people would live Within their Incomes Mr Smoot believed ed a healthy reaction would quickly set InThe InThe In The generally c expressed opinion that the recent flurry was a depositors depositors' panic was t not subscribed to by Mr Smoot |