The Washington herald., 1906-11-12
BANKERS NOT UNITED
Agreement Necessary Before
Plans Go to Congress.
RESTS WITH THE COMMISSION
Currency Reform Methods VIII be
Thoroughly Discussed at Meeting
of Auxiliary Body at the willard
TO-dny-TO Cali Upon Secretary
shaw and Comptroller of Treasury.

If an agreement can be reached by the
currency commission Of the Bankers AS
ISOLATION, which meets at noon to-day,
az the New Willard, to discuss the sub
jet OF currency reform, the plan viii be
presented at the coming session Of Con-
gress.
At the St. Louis convention of the
American Bankers Association last
month, resolution was adopted refer
ring the matter of currency reform to the
currency commission, which is to meet
here The commission has full power TO
decide upon plans Of action and present
them to Congress.
Following the assembling Of the COM
mission, a committee win be appointed
TO call upon the Secretary Of the Treas
TRY and Comptroller and arrange a date
on which a formal call viii be made on
these officials by the commission The
Secretary and Comptroller are expected
10 deliver addresses before the commits
sion before its adjournment
With regard 10 the important subjects
TO come before the commission, v. V.
Cox, the local member. president of the
Second National Bank, said yesterday:
The St. Louis convention of the Amer
lean Bankers Association. last month";
adopted d resolution referring the whole
subject OF currency reform TO the cur
rency COMMITTEES with full power 10
formulate and present a plan 10 Congress
If a plan can be agreed upon at this con-
ference. fl can be presented al the COM
ing session, for it does not have to be
again brought before the Bankers Asso-
citation. an organization Of some 5000
bankers.
Committee Has Power.
Having such power, the commission is
most important in its influence. and viii
be far-reaching in the business world.
When John c. Hamilton, Of HoopestOn.
III. was chosen president Of the Bankers
Association ar the Washington meeting
IA year ago. he appointed Federal legis-
lative committee. and personally saw that
a plan for credit or clearance, currency
was brought before the American bankers
al St. Louis.
Il mention this. as Il was the first or
ganized effort on the part Of the assocla-
ton to get legislation so necessary to the
continued prosperity of the country Ten
members, IN addition to FIVE of the leg
islative committee, were appointed by the
executive committee Of the association,
together forming the currency commits
sion.
The New York Chamber Of Commerce
viii be represented by John Clahin, chair
man; T. a Vanderlip. Isadore Straus.
Durmont Clark, Charles \. Conant, and
Joseph French Johnson.
May Not Be Public.
Il do not know whether the conference
viii be public OF not nor do l know what
win be done on organization, but the
commission viii likely receive plans and
suggestions not already referred 10 #.
The plans en1body the report OF the leg
islative committee of the American Bank
ers' Association. of which Arthur Rey-
nolds. president Of the Des Moines Ma
ti0nal Bank of Des MOines. Iowa, is
chairman The recommendations OF the
New York Chamber Of Commerce. various
measures before the Currency Committee
Of the House Of Representatives, and also
the plans Of Alfred II. Curtis president
Of the National Bank Of North America,
New York, all Of which possess good fea-
lures. but are not wholly satisfactory 20
the bankers of the country, viii be consid-
cred.
The conflicting views as TO what is
best to be done 10 establish a more elastic