The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-12-13
GATHERING FACTS
ABOUT BANKING
Monetary Commission Is Pre-
pairing Library of Informal
iiOn on Banking.
DATA Is COLLECTED FROM
EVERY COUNTRY OF WORLD
knowledge Will Be Dissent
mated Among People for
instruction.
WASHINGTON, Dec. la.-Informa.

WASHINGTON, Dec 12-Informa-
tion Of unique value to the financial
world and to all students of economies
regarding tho monetary and banking
SYSTEMS Of all the civilized nations, in.
Guiding the United States. will be made
available during the coming wear
through score or more of volumes
prepared by the leading authorities in
America, England and Europe, and to
be published under the auspices of the
National Monetary commission. 1t will
4 constitute a library OF banking without
parallel in the literature Of any coun-
try, and Will supply what is al present
practically an absolute lack of informa-
tion in the English language regarding
the development during recent years of
the financial systems of the world.
The monetary commission issued here
tonight statement outlining the scope
of the forthcoming publications aud the
exhaustive investigation which resulted
in the compilation of the material. The
Commission urges all bankers. business
men. and students of finance TO avail
themselves of the opportunity thus OF
\ fcred TO study the conditions and expo.
rlences of other countries as Wcll AS of
our own. From this statement it ap-
pears that The commission for Il wear
and half has been engaged i'm collect.
A ing information about the banking and
currency systems of the leading couu.
+ @frIes of the world. and list has re-
Gently appeared of the publications
which the commission now has in press
4or IS preparing for the press and which
twill be available for the public in the
near future.
Information Was Mcager
In the summer Of 1905. when Senator
Aldrich and the commission set about
the task lntTuStod 10 them of informing
themselves as 20 tho best means for
.modifyiug our banking ard credit sys-
rem. they were surprised 10 discover the
lack OF literature dealing with the mod
.ern development of banking and the re-
ccnt changes made in many foreign
banking systems. With regard 10 bank
ing IN France and Germany and other
European countries, there was scarcely
|anylhlng IN English which dealt with
the practical operations and relations
fot the banks or which discussed any
Thing more than The history of banking
legisallon. Even in the case of Eng
land no worl, Of Importance dealing
with the English banking system had
appeared for more than a generation,
and the whole modern use of credit in |
'stTumenis and the evolution of check
and deposit banking which have so
Changed the character of the system
from what is was in the middle of the |
nneteenth century, remained Indis. |
cussed. The only considerable work
upon the English system which had been
published in more than thirty wears
yas by p Greek professor and written
On french, (This work Of Audrcadcs |
has subsequently, been translated into !
English)
With regard to banking in the United |
States. no coherent and comprchcnsiyc |
history has been written which covered |
'inore than curSorlly the Significant de- !
'velopmen,s in banking during the half |
century since the civil war. If the bank !
ing problems confronting the United |
States today were 10 be studied I'm the |
hight OF the world 5 experiences and !
with any satisfactory knowledge Of cx-
istng conditions in the United States. |
.1t was necessary to enter uDon Il series |
'pf Investigations much more thorough |
'and far.rcachiug' than had ever been |
made before and tn postpone any at
|tempt 10 formulate plan for reorgan- |
'izing the system until this investigation |
had been completed.
Is Securing Facts.
The commission has sought 10 secure
the facts concerning the existing sys
|iemS of banking and currency IN Inc |
|'eadlng commercial nations OF the |
World. 1t has secured comprehensive |
lnformation from England. Germany, |
France, Switzerland, Sweden. Belgium,
and Japan, and has in addition SO. |
cured considerable material with regard |
TO banking in Mexico, Russia, Austria