The daily democrat. [volume] (Anadarko, Oklahoma) 190?-1908, 1908-10-23

the notes into such shape that they MI
might be put upon the market EHI
Acting Secretary Coolidge OF the lI
treasury overlooked the work and the Ell
bureau OF engraving and printing XII
which put out the currency was in UII
charge of Superintendent Ralph E&H
Each day Superintendent Ralph de- f&I
nvered into the hands of the treasury Vii
officials between 1000 900 and $4,000 XII
600 In the new style notes Before the E4k
end OF summer there was over $780, Wk
100000 ready for delivery TO the banks Eak
on call. mI
Congress meets again I'm December ENk
and then the Legislators will be greeted MI
by the great outlay OF cash. II there SCI
should bo panic this fall which is ~
far from likely, officials declare, this M
great amount OF emergency currency 81E
would be delivered 10 the strcl6- FI
en- districts within few hours and Il il ~
believed the trouble would end with MAJ
the appearance OF the cash Ea5
Up to August l only one emergency k4i
currency association had been formed. Mi
but soon organizations began to ma. kal
terialize all over the country and the FIJI
interest In the new act was heightened k4I
20 great extent The banks of the EAI
District OF Columbia had their articles Id
OF association approved by the secre &s
tary OF the treasury about the middle Eg
OF July and to them belongs the honor
OF being the first members of an or I1k
ganization authorized under the emer- Ill|
gency currency law I'LL
The banks In New York and other Ill
financial. centers were not disposed To UN
fully commit themselves pending de-
termination OF the question whether n hank f.
ing an association could withdraw from IL a
complying with all the requirements of the
The treasury officials regarded this question
purely academic but they took the matter
der consideration and decision was reached
this point in very short time The act II
10 entirely silent on the subject
The proposition Of putting out such n 81
amount OF currency was one which held the
Teau OF printing and engraving In it's throes
many anxious months. for II was pointed
when the measure finally passed congress a
. long fight that while II was decidedly imp
able that there would be panic this fall
was certainly necessary that tho currency
ready for deliverance in case unsettled co
tons should introduce themselves into v
street and other big financial centers OF
country.
But II the word OF the trainers OF the Aldr
vreeland statute is TO be believed no such
ditions can arise. simply because OF the existe
OF the emergency currency act
Most readers OF congressional news In the d.
papers remember well and followed closely
struggle which took place in both the house
senate coincident to the passage OF the bill.
senate refused TO accept the Vreeland bill. ma
featured in the lower branch. while the house
representatives could see nothing but evil thi
in the Aldrich measure-that is. the majority.
Speaker Cannon OF the house paid several VII
20 President Roosevelt at the White House.
executive insisted upon work being done by c
sress, II II were only this law. Finally
opposition forces met in caucus and then tn
was another caucus. most OF the points in dsp
being settled, The bill passed the house "
much acclaim from those who had aided in eff
the compromise
Then came the struggle in the senate with
Ator LaFolIetts. Senator Gore. the blind legi