The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-05-25
BRANCH BANKS AND ASSET CURRENCY.
The New Scheme Vigorously Opposed by the President of
the Texas Bankers Association


This address, by Mr.. ]. e. McAshan OF
Houston. president OF the Texas Bankers
association. has been widely published ana
widely read IL has been commented on
BY the press Of the country. The author
IS In receipt Of numerous letters OF COM
mendatiou and thanks from persons OF oil
classes from many States. In some in
stances II has been the foundation OF sd-
dresses and editorials. II received rising
vote OF thanks by the convention OF he
Texas Bankers association. and when the
author In his address before the Louisiana
bankers convention in New Orleans on
April 20 referred to wild cat. red dog,
stump tnil currency be received thanks
publicly and privately for his position on
this question II has not escaped ciiucisin
however The New York Journal Of Com
merce one Of the greatest commercial news
papers Of the world. devoted about a col
.umn Of editorial 70 its conuayenton And
the Commercial West Of Minneapolis while
commencing its grace and eloquence dis
senjed from It's conclusions. The subject is
becoming Of greater and greater Interest
daily. The subject. Branch Banks and
Asset Currency Is now before congress
in the shane Of the Fowler bill.
This subject. which has been assigned 70
ne Is very broad and comprehensive II
IS one Of those important questions which
no. arisen like many others in the economic
history Of our government for which man.
kinds previous history has not prcDared
any adequate solution Tor me reason mat
problems and principles solved 10y other ma
Mons ot the Worid are NOT applcohlt 70 Us
ne Hese every otael Cover hhcnt or me
Noiia is oasca upon me pin1iP'c rl neh ~
70 the few at the expense nj the mIAy,
and tia. all power and benefits are de-
ro AISi rom tnt s',eIt'sH' l1eA lA'vl7h
~ ftt'tt'SS7vu N.S3 i ~ 'ny NVI'u,Huu Peu
w, itE US az power ana otltuia az
tb. .o,SG I'm lnF peyplt dlu aSy..tl'
utlvcs Tberefore tbr eoodpss. nr Iaj
mes az coonomjc theories C,,p nor he. ir,.I..,t
5y OH world standards when vc take amy
M r'[ ain nTga3ea views ot sA.n SUBJECTS
fcei thar This question sbopld be. dis.
cutscd IN all SIS aspects both lro1 the
H'tt4 Oh GApgdency. when is ing nqI-
from that broader no.ir,ar- tor at.,.,',l /,
ttandpoint as o citizen Of great common
~eai1 .aWh935 e hnal ana pgmau'nl n,,r'st
Of his fouo, ,i+igan- w. ~. d.,.,,5, +,
first from the narrower and professional
h','I nlh, ,....,..
mean, thai large olr,eppticn. WI r,-5i
should he inroipo,of.5 az , t
p0iut Ikn 81 .ust1r a.. ,, ,.,,..I ,.
power and privilege OF estlili.hne a. .,ha,
points whore II rrgarl. .prh nsr,Ir51
Ircnt 49, r"i' Nu.N 'NII"l47"
arr1cio, ,,i, ,ta "latlH ni.HS 'I
count nri,.iieass cbi"h ,b 49, 'it,i .l w.,
zion cnjovs. and fIftho,',n,rc tn,, Nv, t,a
~ s+ringcrc,- ,r,.r "a, .,,,.i '', '' i'
are sweeping over ihe eountry am when
crops arc movlp. rapidlv tb, ,,r,,,t I,.,l.
fbali have tba nrivIfr-,. ~ g.,rJf".. "11,,9f+
own notes as +, ler,I t.,Jo, oirE,,l H.,
medium 10 creator Sr "a lesser o.tc't sr
fTst 1icr -, ,L 49,. ut ''s' rNt'nl ol y
mo nurnosc ~ rripr,raira mn LIN @