The Wenatchee daily world. [volume] (Wenatchee, Wash.) 1905-1971, 1909-11-10
ALDR|CH ASKS FOR
AID
SAYS CHANGES IN UNITED
STATES CURRENCY REFORM
ADAPTED TO ALL.

ST. Louis, Nov. 10.-With empha-
sis even stronger than in his Chicago
speech, Senator Aldrich made it evil
dent to the business men of ST: Louis
today and tonight that it is his pur-
pJse to devote himself to the one
work of reforming the currency sys-
tenn of the United States. He spoke
briefly today before a limited gather
ing of bankers at the MONDAY club
and more extendedly tonight before
the commercial club. Speaking in
formally tonight he said:
Our system must be one that will
satisfy the manufacturers of New
England, the agriculturists of the
Mississippi valley and the miners of
the Rocky mountains and the Pacific
coast, and the merchants of all Sec
tions. Surely the task before us is
one of gigantic proportions; and the
result of our efforts, good or bad,
must depend not alone upon our own
wisdom, but upon the assembled
good Judgment of the leading bank
ing and commercial men of the ma
tion.
1T is because | have come to real
ize the great magnitude of this work
and its limitless possibilities, bene-
ficent or otherwise, that l come TO
you at this early stage in our progress
to tell you, not only for myself but
the commission insorfar as can, just
what we have done, and to ask your
cooperation in our future proceed
ings.
"A portion of the commission has
visited the principal capitals of Eu-
rope and some of our members have
travelled somewhat through the
United States in their investigations.
Moreover, we have had published a
number of monographs dealing with
many phases of the banking ques-
tion. These have been written by
men who have the confidence of the
commission but who are not members
of it. They have been instructed,
however, to guard these pamphlets
from all prejudicial views; and they
are intended not to shape the thought
of the country, but simply to supply
information upon which views may
be based
From this time forward the COM
mission will give attention largely to
conditions in the United States and
we shall begin soon to call upon men
in whose judgment we have conf
dence to present their views for our
benefit. We especially desire sugges-
tions from men of practical expert
ence. We have enough already by
way of contribution from cranks and
demagogues.
The work upon which we are en-
terlng is one of the most serious ever
undertaken and it must be the result
OF practical suggestions. rather than
of theoretical dissertations"
The nearest approach Mr.. Aldrich
made to any indication of a plan was
his discussion of bank issues. He
again said that European countries
were quite agreed on that subject.
and again referret to the circum-
stances that most of those countries
maintained central banking institu
tons for the issuance of bank paper.
He stated, however, that it could
not be expected that any European
banking system could be transplanted
In its entirety to this country, and
he again pointed out the necessity
of finding plan that would not dis
turb banks nor interfere with the
progress of business.
Whatever system should be adopt
ed, he said, must be one looking to
gradual changes and must have due
regard to vested interests and sec
tlonal usages. He assured his hear
ers again of his desire to hold the
subject entirely above political bias.
and he went into some detail to con-
vince his audience that a system ac-
complishing this desirable result
could be adoDted