New-York tribune., 1901-01-21
TO HELP SOUND CURRENCY CAUSE.
THREE PRIZES OFFERED FOR ESSAYS BASED
on ORIGINAL INVESTIGATION

The following announcement is received from the
Sound Currency Committee Of the Reform Club, of
this city:
In. In order to encourage original research and
hcauon OF whatever valuable data and argument
may result therefrom the Sound Currency Commit
lowing conditions three cash prizes-a first prize
Of 500 second prize Of $50 and third prize Of
says in either Of the following fields Of inquiry:
Of bs5 Gdi S tho reS nt A9 ht9T 5ea
ing particularly with the development of special
features, such as % methods Of security % re-
demption provisions. 90 elasticity, "a branch bank
ing, 90 interest rates. etc.
Seeolnd.Ihe influence upon rural communities OF
cial assets, as distinguished from system based
Third5-PT00lem Of supplying credit facilities to
branch banks and banks of issue
The articles may be of any length properly 10
ever. the limit of twenty thousand words. The
most satisfactory length would be from 10000 TO r.
tee on or before St i|fS V 1901 The award viii be
made soon thereafter as possible Each paper
must be signed only by a fictitious name or nom de
velope containing the name and address of the au-
thor, but bearing on the outside only the hcttlous
name or nom de plume chosen.
The prizes viii be awarded by competeInt CON, m
Sound Currency Committee( VINO Shall haIt dpsH Q1I
lutte power in the premises and whose award shaII
judgment of the COMMITTEES of Award none of the
papers submitted has sufficient merit TO justly
sound Currency Committee also. reserves the right
10 publish without further compensation TO the
author any paper for which prize is awarded.
The committee makes this offer believing that 1t
bring " to 'o the surface and make available to the
public some of the excellent results obtained by the
many students of history and economies
It is believed that there is in the libraries of the
different States much valuable material concerning
the early history OF bank currency IN TINS country
which has not been collated and prepared Tor
students of financial questions Students in the
colleges of the different States have easy access
reports. which, taken as whole. cannot be found
IN any one library or IN any one S5"by' b II Of = the
economic students that this offer of prizes is made
Owing both TO the limitations Of space and TO the
convenience of access TO the fullest sources of in
formation il would probably be desirable IN
vestigation suggested in the first topic should
be confined. mainly TO an account OF a slnGie doca
bank currency in a particular state or group oi
care should be taken TO develop as fully as pos,
sble those features which are most interesting and
iot bsy.a onI,, historic interest In dealing with
the development Of special features. however. such
pon experience in different states and sections in
connection with various systems and under various
should consider fully the present dependence OF
rural communities upon tne note 1orm OF 5
for many purposes Tor Whlch oeposlI anu [I1 SneJIH
systems in the commercial centres ana should
show just what is the influence upon these rural
communities OF restTlction or Ireeooi "a SliT
ter Of note issue. Such a paper would naturally
topic vet in order be conclusive. 1t would have
to be so fully fortified by the citation Of peril
nent experience in this country elsewhere as to
offer ample field the utilization OF the historical
abilities Of the writer
II Is suggested that articles under the third topic
should consider the present status and needs OF
the agricultural classes in regard 10 % ordinary
commercial credits in comparatively small amounts
and for short periods. in connection with which
the subjects of branch banks and local banks
of issue should be discussed: and () mortgage
loans generally in larger amounts and for longer
periodS: what has been done in this country tow
ard furnishing each kind of credit the history OF
our mortgage investment companies. etc; and
what If anything. can be learned from the eX-
perierce Of other countries ir this regard
For anv further information address Sound Cur
rcrcy COMMITTEES No. % Wiiam-st. NewYork