The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1908-10-29

the notes into such shape that they
might be put upon the market
Acting Secretary Coolidge of the
Treasury overlooked the work and the
bureau Of engraving and printing
which pat out the currency was il
charge OF Superintendent Ralph.
Each day Superintendent Ralph de-
lNered into the hands Of the treasury
officials between s20O0,OOO and sf000l 81
600 in the new style notes. Before the
end of summer there was over 800.
100000 ready for delivery to the banks
on call
Congress meets again in December
and then the legislators win be greeted
BY the great outlay OF cash. II there
should be panic this fall' which Is
far from likely, on cials declare, this
great amount OF emergency currency
would be delivered q the striekl
ensdistricis. within,a Few hours and it's
believed the trouble would end with
the appearance OF the cash.
Up to August only one emergency
currency association had been formed.
but soon organizations began TO ma
terlaiize an over the country and fbe
interest 81 The new bet was heightened
TO great extent, The ibsukseofathe IL
Disthet Of eoHrnBia bad their .atticles IE
of association Approved bythe seere-
tary ef the treasury about the middle
OF. July and % them belongs the honor -
of. being the first members 'of an or. Ihh
gaaization authorized under the emers fllHI
geney setr4eucy4law ~ ~ ~ ~ Hi
The banks in New York and other Hi
financial ceHters were not disposed to QNl
fully commit themselves pending a de-
termination Of The question whether a bank ID
ing an association could Withdraw from il az
complying with all the requirements of the ID
The treasury officials regarded this question
purely academic bRt they took the matter
der consideration and decision was reached
this point in aeyery short time The act its
is entirely sileus on the subject
The proposition Of putting out such a gre
amount Of currency was one which held the
reau OF printing and engraving in its throes
many anxious months, for it was nointed (
when the measure finally passed, congress af
a long fight that while it was decidedly impr,
able that there would be a panic this fall,
was certainly necessary that the currency
ready for deiverance in case unsettled con
tions should introduce themselves into w
street and other big financial centers Of
country. ~ r
But If the word Of the trainers of the Aldri.
fiStidHu Stdtute IL 10 De DeHtNeu no SuCI Ct
dtions can arise, simply because of the existen
of the emergency currency act st3
Most readers OF congressional news in the dai
papers remember well and followed closely t
struggle which took, place in. both the house al
senate coincdent to the passage Of the, BILL T
senate refused to accept the vreeland bill. man
factured in the lower branch, while the house
representatives could see nothing but evil thin
In the AIdrich measure-that Is, the majority.
Speaker Cannon Of the house paid several Visi
to President Roosevelt at the White House ~
executive insisted upon work being done by co
gress, II 1t were only this law Finally Z
opposition forces met in caucus and then the
was another caucus, most OF the points In dispu
being settled. nThe bill passed the house wi
much acclaim from those who had aided In effe'
the compromise. ~ . ~. /. sssssi = 81
Then came the struggle in the senate with Sc
atof LaFollette. Senator Gore, the blind legisl