Show BANKERS CONDEMN MEASURE DECLARE THE GLASS OWEN OWE BILL TO BE socialistic AS WELL AS UNWISE Amerl american can bankers association rat effes action of conference of bankers in demanding amendments to reserve act boston mass the bankers of tho the united st attoa tes on wednesday again declared their opposition to the proposed federal reserve plan of 0 reform in the currency and banking system with only one dissenting voice on the final vote more than two thousand bankers from all sections of the country gathered at the first days sc sessions of tho the annual convention of the american bankers association ratified the action of the conference of bankers in demanding amendments to the federal reserve act no pending in congress the financiers alfo alio approved the work nork of their jovn a currency commission which earlier in iu the day had reported the system of jo governmental vern mental control proposed in the glass owen bill to be bo socialistic and imposing unwise hardships upon the banks and equally unwise hardships on the general public the resolutions in ia which this ratification and ap approval were contained also included commendation of the president to create in this country an elastic as well as safe curancy cu rency and pledged their hearty support for the enactment of proper legislation to that end |