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Show BIG BANKS 1 ATHCKED Sen. Owen C h arges National City Institution Institu-tion of Trying to Discredit Dis-credit the Administration Washington. Sept 1 Tn an official offi-cial statement Issued tonight. Senator Sena-tor Owen. Chairman of the senate I committee on hanking and currency, I loldly charges that the National City Rank of New York Is conducting a propaganda In an attempt to discredit the administration nnd make it appear ap-pear that in framing currency legislation legis-lation the hanking Interests of the country have not been consulted. Re- ; citing at length the information n I the hands of the committee of the two houses of congress and the numerous interviews and conferences that have been held with representative bankers. bank-ers. Senator Owen said the business men need have no fear that congress will act unadvisedly. Senator Owen's statement is in the shape of a letter to James Simpson vice president of Marshall Field & Co., Chicago. Mr Simpson's telegram tele-gram to the committee was based on a statement sent broadcast hy a Now York newspaper to bankers alleging that "co-operation between the framers of the administration currency curren-cy bill and the bankers of the country coun-try appears to be lacking." After showing that four days before be-fore this publication the press carried car-ried notices that representative bankers bank-ers would be heard by the senate cur- ! rency committee. Senator Owen relates re-lates .it length the remarkable amount I of information before the committee in the way of hearings by the com- I mittee of the two houses, the mone tary committee and the individual research of members of the committee. commit-tee. Senator Owen brands as "utterly untrue" the suggestion that the framers fram-ers of the bill "have denied a free exchange of opinion." and recites an abundance of facts to substantiate his statements. In conclusion Senator Sena-tor Owen says. "The propaganda now hctng carried car-ried on. led by the National City Bank of New York, which nas circularized circu-larized the country against the bill Is obviously intended to discredit the administration and to make It appear that the bankers have not Dcen consulted, con-sulted, and that the committee Is not well Informed This misrepresentation misrepresenta-tion has tho effect of poisoning the public mind and misleading public opinion. Such misrepresentation is for the purpose of promoting a private pri-vate Interest against the public Interest. In-terest. It is an open secret that these great concerns like Morgan & Co have publicly agents to whom they pay very large salaries and who are abie to create fictitious and false pub lic opinion unduly lavoranie to ine contentions of these great financial companies. "I deem It my duty to advise you that you are being misled by an artificial arti-ficial propanganda conducted in behalf be-half of the private interest which does not hesitate to make to the country the false suggestion that the administration Is proceeding without adequate knowledge of or without giving a hearing to the bankers of tho country-. The rank and file or the bankers of the country constitute one of the greatest, most important and most valuable parts of our national na-tional commercial machinery. The have been of great value in promoting promot-ing every kind of enterprise and one of the most useful features of the imposed utility banks will be to glv i . r mind and greater opportun- tj io the bankers of the country to ender patriotic service. "It ia not surprising that a few nen having an enormous control of sredita ol the conntrj should oppose surrendering to the United States in uiv degree the vast power which I they hare heretofore oaerolaed, en- iblmg them to control credits to hull and bc:ir the market to enrich or impoverish other men." oo ' stnf r ohto. cut rt To,j.-v. Lkm cvwjntT. . Frink J Chi-nrr make rth that h ll nlor ' prtnr ef the Arm nf F. J Dirnoj r.. do-In: do-In: bUfMM In the City if Toledo, 1 '""JO IT nd Butt ifnronaid. n,l ,Daf Id 0r:n MI I tho Mini Of ONE HCNORFn DOLLARS frr trh ind Try ! of Csttrrh that "annit be curfd by the ue of HaJl'l Catarrh Cure. FRANK J CHF.NET. Sworn to lfor me nnrl anb'crlbrd in my prronrp, thlJ flth day of Pe.-i-trbrr. A l . lf. ul a. w. GiaVaeox. Notary Public. Hall's Catirrb Car ) taken Internally nd aei dlreetly upon the blood and nmpoi or-fa.-, a of the ajatem. Send for teitlmoolala, ftee. V J c u FN FY A CT., Toledo. 0. !Vld by nil PrarrlM. T3& Take Dall a ramtly Till for cenatlpttl- n. |