The Irish standard., 1909-08-07
COMMISSIONS REPORT MAY BE
CONSIDERED LATE NEXT
YEAR.
ALDRICH WILL BOSS IT, AS USUAL
Cooperation Of the Business World
Wanted.-PracticaI Application
Of Expert Views viii DO
Sought by Commission.

pose OF considering the report which
the national monetary commission
(Senator Aldrich, chairman) will hope
to have ready for presentation to con-
gress and the country by that time.
The commission had expected to do
q good deal of work this summer, but
the length Of the special tariff ses-
sion has interfered, with the result
that the commission will not be ready
until next April or May to make to
congress even q preliminary and ten
tative report. The means that serious
consideration Of the money question
cannot be had during the session of
congress which will meet next Deem
Der.
Before Mr.. Aldrich leaves Washing
ton for the summer he will have
conference with Representative Vree-
land, the ranking house member of
the monetary commission, with view
to- formulating plans for the commits
sion's work this year. Those mem.
bers Of the commission who are not
now in congress have been doing sys-
tematic preliminary work since early
in March.
The various experts In this country
and in Europe and Asia who were en-
ployed to prepare and compile special
reports and tables relating to banking
and finance have begun to send in
their reports. These reports are be-
ing assembled and analysed, and in a
few months the commission will be
ready to begin the work of formulat-
ing It's reductions.
Basis to Be Expert Authority.
1t Is understood that the commits
sion's report will be in two parts The
first part will relate to demonstrative
banking and the second part to the
fundamental changes which are desir-
ed in our financial system. Every
phase of banking and currency will be
covered In the reports of the commits
sion, and in every case the findings of
the commission will be supported by
the most. expert authorities here and
abroad
Members Of the commission are full
ly aware that complete reorganiza.
ton of the banking and currency sys-
tenn OF the United States cannot be
brought about unless it is supported
by strong public sentiment. They
appreciate the wide divergence of
views among bankers on this question,
and 1t Is their purpose to endeavor, If
possible, to compose these conflicting
opinions. To this end they will con-
duct campaign of education The
reports Of the experts will be made
public through the magazines and the
daily press, and an effort will be made
to convince the business world that
the commanding commercial position
of the United States makes it imper-
alive that 1t shall lead the world in
scientific and modern banking and
currency methods
viii Ask Cooperation.
From time to time members of the
commission will visit the leading
commercial centers Of this country to
advise bankers and other business
men as to what the commission is
seeking to accomplish, and to enlist
the cooperation of practicl men of
affairs and experience in it's work.
Mr.. Aldrich will make at least three
addresses next fall, probably in Chi
cago, st. Louis and Milwaukee. He
will leave Washington the last Of this
week for a short visit to his summer
home at Warwick Neck, r. l. He will
sail for Europe the latter part of this
month and will spend September at
Bad Nauheim. 1t is his purpose to
return to the United States in Octo-
Der, when meeting Of the monetary
commission will be held to begin the
| real work of formulating the new cur.
rency laws.