The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-11-22

National bank spoke In favor Of currency
commissions Let the members of tins
commission" he said "hc men who are
familiar with finance not necessarily
bankers, but men who have studied the
subject thoroughly and who ARE without
any des'rc for ACKNOWLEDGMENT. The
commission should be absolutely non-par-
tsan and should consist OF seven. or. better
stul nine members With broad and liberal
mWds boiieyc that all Erceahncks Of de
nominations under 81 should he retired ms
rapidly as possible. and that s. and q 30
E1.d pieces should be- forced into cjrcui
ZION and silver coin used as subsidiary cur
rcncy IN small denominations with It's
value In gold deposited in the National
treasury at Washington as guarantee OF
It's intrinsic value So lonC however M
IN" public Ia assured that there will be
no dehpscucnt OF the countrys money
there is no cause ;or any ono to worry
apont IN" currency. and no especial need
Tor currcGry agitation"
President Oakley OF the Citizens Nation
al bank suggested the retirement of the
grcenhacks. adding "Thr government
could get the money with which TO retire
them ny bond issue Of 81 per cent and
5000 400 600 Of such bonds would be snapp,d
ny by the banks all over the country II
| ln' privilege were allowed them OF issuing
circulation on the bonds up to 100 cents on
the dollar
President Stevens Of the Sixth National,
| bank IL radical. lie said
y favor the government rcdeoming all
| tho rrcenhacks and burning them up That
would take the government ont of the
banking business
'Ns TO q circulating medium the hank,
VIII attend to that"
president y. T, Snrague OF he Sprague
National bank OF brooklyn saii:
AS an ordinary man OF business I be-
move the present condition to be the best
Tor the general interest. II the government
can issue circulation In the form Of notes
10 the amount OF billion dollnrs-that Is
circulating medium that will answer the
purpose OF a gold circulation.
AS banker can only say that would
prefer aud regard bank currency as the
most valuable for all purposes. but as a
Plain citizen. the present system. think
is gain to the people of the country al
large am aware that many bankers as
we'll MS others have different ideas and
wish TO retire the Preenbaoks, hut | GER
tnlnly do not coincide with their ideas. I
do not believe II is for the hest interest
of business. The present system Is a
gain TO the country II no attempt TO tamper
with the revenue is made. All we need
and all We look for is confidence. We don't
want TO handle gold. nobody wants to
handle 1t In quantities. AS conducted by
our government. notes which are based on
gold are as good ms they can be. There
is no better currency possible Next to
II, should say that National bank notes
guaranteed by the government are the
most valuable. | believe that the repeal
of the present law would be bad gnancier-
ing We want this currency question han
died in the interest Of and for the better
ment OF all the people. , can not under-
stand why business men should advocate
change"
-, he t...t
Wow, IN the main. and those who spoke Of
the retirement OF the greonbacks said that
any step In that direction should be well
considered