New-York tribune., 1906-11-13
r0R CURRENCY REFORM
a,vKEPS DISCUSS PLANS.
Meeting of Commission G'0e'
p-orr;ae of Unanimous Action.
5r-on The Tribune Bureau

ran The Trfoune Bureau
49,, 12-In the effort TO agree
- ne urged as a basis for currency
..-r, legislation. the currency 00'h'i's'
.-ioan Bankers Association met mere '0
pe -, consideration OF the subject. a
'A' ,,,--n p-esident Of the Chase National
New York presided The first days
ton ysss spent IN discussion OF a re" sei'ef''
,..-,ss with view to determining upon
.Aos hv which the country can be supplied
..s,+ or clearance currency Secretary
,-,.,.~oy,e- Of The Currency w B. Riogely
- r-,,tea States Treasurer Charles Il. treat
u.es the conference by invitation and in
,-,orv assured the visiting bankers OF the IN
=. ., the Treasury officials in the purpose Of
-...,,g Secretary Shaw and Mr.. Treat re-
,-.s o,rv q few moments. but by request Mr..
-, u-os IN conference with the commission
,.aoter mart Of the afternoon. The meeting
heb,nd closed doors All the members Of
.~,,.o,,r,ission were present. and Frank A Van
s,,, and Charles A Conant. the representa-
,,,ss Of the New York Chamber Of Commerce
,,r,ency commission, attended.
70 uyas said tonight by the members that the
-.aet,ng promises 10 be harmonious. and that
s.arjte plan will be agreed upon. Thus far, ap-
.-s,tlv no serious facticnal differences have
ssveloped but there is promise Of lively and
.s-nest debate over number OF methods pro-
,oses before the radical differences heretofore
manifested IN consideration Of the subject by
various bankers organizations Will have been
-econcIled.
Chief among these differences are the indi-
yidual plans proposed by Mr.. Vanderlip. OF the
New York Chamber Of Commerce committee.
favoring a central bank. and by the American
Bankers Association for the appointment Of a
commission OF seven members. TO SIT in WASH
ington. 10 decide at all times whether or not
the conditions in the financial world are such
as TO demand the issuance Of credit or clear
snce currency 70 meet stringency IN the money
market Both plans have able advocates, who
Will urge them strongly at the conference. to-
esther with notifications of those propositions
sbou. which there IS individual preference. But,
though reaching an agreement may be extreme
" difficult there is such a strong sentiment
among the bankers in favor of unity OF action.
With the hope Of obtaining something definite
ss & result Of this meeting. that harmony may
win in the end
Ills known that whatever plan is agreed upon
unanimously VIII have such great impetus be-
hind il that its chances of enactment into leg
!slation will be vastly greater than If there Is
minority report Every effort. therefore. Is
being strained 10 reach agreement. with the
promise that President Roosevelt, influential
members Of the Senate and Speaker Cannon
wil support the plan adopted if all elements
are in accord
The news that Speaker Cannon IS interested
in the Washington meeting was brought TO the
Bankers Association to-day by John l. Hamil-
ton, last years president Of the association.
who lives in the Speakers district. The pre-
siding officer Of the House. Mr.. Hamilton said.
had assured him that he would be favorable to
currency reform legislation If the bankers
should agree on some practical plan For this
reason. Mr.. Hamilton said, he believed the
prospects for legislation on the subject at the
approaching session of Congress are excellent.
as heretofore the Speakers powerful influence
has been against III digested schemes for
changing the currency system that have been
brought VI in the House by various members
Invariably causing conflicts among the inter
esrs most concerned.
Among those who spoke were President
Wade q the Mercantile Trust Company, OF
81 Louis, President Forgan OF the First Ma
the American National Bank OF Indianapolis
and Kice-President Talbert, OF the CONNER
dal National Bank Of Chicago. Votes were
iaken on the various propositions and the re-
suits, il is said, disclosed considerable unani-
nifty Of opinion on the principles they de-
cared for The meeting adjourned at o'clock
unl 10 o'clock tomorrow morning. Those
present included the following:
ar7lye
o.nE, president Des Moines National Bank, Des
S!oAes. Iowa; +. r Swinney president First
;;,aloIlal Bank, Kansas City, No; Joseph A.
aeSoid, cashier Third National Bank, Atlanta;
" y. Cox, president Second National Bank
masnlngton, John !. Hamilton. vice president
g1s!Al-lon Cunningham, HOopestOn. IL; James
= forgan. president First National Bank Chi
80, Joseph 7. TalDert, Vice-president Com
Ilyslca4 National Bank. Chicago; Charles H
1-u1lg' president Third National Bank, ST.
|-ouls' -estus J. Wade, president Mercantile
s1lst company, st. Louis; John Perrin. presi-
m American National Bank, indianapolis; A
p hepolFn president Chase National Bank
,SeW hoFk Luther Drake president Merchants
tsalonat Bank Omaha: Sol. Wexler yice-presi-
,en- Mhltn-y Central National Bank New or
wei-s Myroa ]. Herrick Cleveland and Robert
.a.Letop' President Peoples National Bank
vs,SS-,ak w ork Chamber Of Commerce-Frank A