Evening star. [volume] (Washington, D.C.) 1854-1972, 1900-05-05
VIEWS OF Mr.. DAWES
Controller Of the Currency Predicts
Republican Success.
WILL ATTEND ILLINOIS CONVENTION
He Thinks the Political Storm Cen
ter Will Be in Chicago.
LKS ON FIN A N c E

CHICAGO, May 5.-Charles G. Dawes,
controller of the currency and Mrs. Dawes.
arrived in the city last night. They expect
to remain ten days. and MI. Dawes will at
tend the republican state convention, and a
week from tomorrow night will deliver an
address at Quinn Chapel.
1.-The present outlook for the republican
party is good Mr.. Dawes said. "The con-
ventions recently held in Ohio. Massachu-
sets, Nebraska and Indiana demonstrated
that the party is united in it's support of
the administrations policy.
This Is a critical campaign, both for our
party and the nation. The differences be-
tween the two parties are fundamental and
not superficial. On the result depends not
alone the continuance Of domestic pros
perity, but the future welfare of millions of
semi-civilized peoples.
What the Result May Mean.
"On the result largely depends also the
question Of our share of the enormous
trade of the empire of China. the bulk of
which, although naturally belonging to us,
now goes to other countries. If our fair
share of this trade is to be secured for the
labor and capital of the United States, the
policy of the present administration relat-
ing to the Philippines must be maintained
az the polls in November.
THE discussion Of all the questions of
our duties as trustees of the best interests
of the peoples of our islands, and of our
moral responsibilities and commercial pos
sibilities a nation, will tend to deeply
engage the sober thought of the American
people. And it is to the sober thought and
judgment of the people that our party ap-
peals for vindicatiOn OF what 1t has done
and for confidence in what it hopes to do
hereafter.
THE campaign probably will see it's
greatest activity, as in 1886, at the Chi
cago headquarters. The seat of political
power is following the center of population
to the west, and 1 think that the prece-
dent established in 1896 of having the ex-
ecutive departments of party management
in Chicago will always be followed here
after by both the great political organiza-
tons.
Applications for Bank Charters.
'1n my office at Washington the financial
law has kept us busy. Up to April Is, G19
applications for authority to organize
banks under the national system with a
capital of $50 900 had been received. OF
these 312 were applications to convert from
state into national banks, and 30T were
primary organizations.
These applications came mainly from
the middle, western and southwestern
states. Iowa heads the list with fifty-nine
Pennsylvania is second with hfty-one.
From Illinois there are twenty-eight appli-
cations.
THE increase in national bank currency
issued since the passage of the law up to
April 30 amounts to nearly 1000 600. The
eventual total increase in bank circulation
due to the new law may. in the course Of
the next two years, reach $12oOOO, but it
probably will not exceed that sum.
IN the matter Of the application for
charters we are making every effort to in
vestgate carefully the responsibility of ap-
plications, in order to prevent the custodi-
anship of the banks of the community
from passing into unworthy hands"