The Bridgeport evening farmer., 1909-08-18
ALDRICH AIMS AT A
 GREAT CENTRAL BANK
Senator Daniel Says that Monetary Commission Is
 Only Step in Gigantic Plant to Concentrate Money Power of Issue May Be Taken Away From National
Institutions.

Senator Aldrich. father-in-law of John D. Rockefeller, Jr., one of the authors of the new Tariff law, the most dominant and forceful legisla-
 tor of a monetary system for the United States, which, if passed into
 legislation, will be the most revolu- tionary of it's kind in all commercial history.
 Senator Aldrich plans ito have a central bank. It may not be called bank Possibly, it will be classified as a National Clearing House." In any event national banks are to cease the issuance of banking notes instead of the ordinary bill used in the de- mands of the financial world will come greenback currency printed by some central banking power.
 That power will not be vested In the Government of the United States. It will be licensed to some banking institution, the nature of which, the founders of which, the controllers Of which are yet unknown
 It will wrest from all banks at pre- sent empowered to issue currency the right to circulate notes. As arranged. Senator Aldrich is not to attack State banks or savings institutions
 .'I ann a member of the Monetary Commission created by Congress year ago." said Senator Daniels at the Plaza Hotel last night. CT have met Senator Aldrich, talked with Repre- sentative Vreeland, discussed finances, with bankers from Wall street who know. of the meeting now being held None of them will tell me why our currency system should be changed We imagined that when the silver that we had heard the last of financial legislation for years. 1t is not to be so-
 .I am only catching things in the air." the virginian went on. No one of course, will tell me what Is to hap pen. But my information, together with my imagination, leads me to be- lieve that we are entering upon new, novel and strange monetary sys- tenn. say entering because Sena- tor AIdrich is backing the idea What he wants he gets. He stands for a people who rule, govern, control. this country.
 good authority, that now that New England, New York, the East, have secured about the complexion of tar- if bill desired by her moneyed men the next Congress is to change our reforms could not be had. But is the nation to get reforms that will satis- fly the small producer, the little mer- chant, the ordinary farmer, the grow CT of grain? New England, New York, London, Paris-the powerful banking centres-have not been satisfied with our currency laws. Ever since the close of the Civil War. we have had more or less trouble. Now we may look for a storm of it.
 'fIs it your belief that the few con trolling f1nanciers of New York will try to take away from the Federal Government the power and right to is- sue money, coin silver and gold, des- troy the Treasury building at Wash ington. created by Andrew Jackson when he was combating the same sort of system?"
 sI don't know anything" was the answer CT am a member of the None tary Commission. I do not know why the commission was brought into ex- istence, why some of its members are at present in New York. We have had sessions, but I am still ignorant as to why we meet.
 Representative Vreeland, the recog- nized authority in Washington on all matters affecting or relating. good Company. is highly in favor of a cen- traI banking concern. When he got back from Europe a year ago. he so declared himself. Among other things, he said to his legislative friends:
 'I found, while abroad, that both the French and English nations were satisfied with their banking systems.
 we are not pleased with ours. We shall have a change some day"
 MT. Vreeland. as you ought to said Senator Daniel, 'is of the Aldrich school. He is not in accord with the manner in which we have been conducting our monetary sys- tenn"
 .T know not what is to come. am ignorant of the whole Republican scheme of things. But, to say the least, I am alarmed" he went on.
 Turning to Professor A. P. Andrew, the well known writer and lecturer on financial topics, the Senator said:
 Do you know why we are going to Canada? Can you tell me why this was created And what will we recommend to the next Con- sress ?''
 Professor Andrew couldn't answer. we will find out by and bv.v he re- piled. rFor the present I am dense. !"
 You aak what the consequences