New-York tribune., 1909-11-07
ALDRICH APPEALS
TO BUSINESS MEN
SEEKS THEIR AID IN
MONETARY REFORM.
Commissions U'Ork and Pur-
poses Explained No Plan
4dOpted Yet.

Chicago. Nov s-SenatOr Aldrich. -
Rhode Island. chairman of the National
Monetary Commission. began his earn
raign Of education in behalf OF none
tary reform with an address 20 the Com
r1ercial Club here tonight Mr. AID
rich's purpose in making this campaign
vas strongly commended by President
Taft in his speech az Boston before be-
ginning his 13000-mile journey
Mr. AIdrich indulged IN no flights VI
rhetoric. bur discussed his subject IN a
manner which commanded the attention
and interest OF the bankers and nner-
chants who compose the Commercial
club. and their guests. AT the close he
was warmly applauded.
The occasion was regarded as OF espe-
ciaI importance. because IL brought OUT
the first explanation by Mr.. Aldrich oc
the plans OF the Monetary Commission
There were about two hundred and
fifty men at the tables. among them ex-
Senator Teller. OF Colorado. a member Of
the commission; Senators Dick. of. Ohio.
owen. OF Oklahoma: Snoot. OF Utah.
and Bourne. OF oregon: c. ID. Norton,
Assistant Secretary OF the Treasury.
Professor A. PIatt Andrew. Director OF
the Miut. and EX-GOVERNOR Herrick Of
Ohio
Many bankers and other prominent
business men from other cities. including
St. Louis. New Orleans and Denver.
were present Theodore z. Robinson.
president OF the Commercial Club. pre-
sided. and introduced Mr.. Aldrich- The
clubs dinner was given at the Congress
Hotel.
To those OF his hearers who expected
Senator Aldrich TO use the occasion for
the PRONUNCIATION OF the central bank
project. or any other plan OF theory OF
national finance. his speech must have
been in the nature OF surprise. He de-
clared at the outset that the question
OF a definite plan for reforming existing
conditions has not vet been taken up BY
the commission - and added that no plan
would be adopted until after an oppor-
/ tunity has been afforded for the most
careful and exhaustive study OF all the
conditions that surround the problem"
He said he accepted the present occa-
sion as an opportunity TO make an
I
tive men of an important section Of the
country. 70 give to the commission the
advantage OF your valuable counsel and
cooperation in securing the adoption OF
a satisfactory remedial plan-One that
will surely conserve and promote the
vital interests OF all the people OF this
great nation"
BUSINESS MEMS HELP NEEDED.
Senator AIdrich paid a tribute TO the
business men OF Chicago. which he de-
scribed as perhaps the most important
financial centre of the country" as hsv-
ing by their enterprise. ability and fore
sight contributed largely 70 the up
building of a great and prosperous en-
pire. and he pledged the best efforts and
Judgment Of the Monetary Commission
/ Ito secure the adoption Of a monetary
system the wisest and best the world
has seen" He called on them. and
through them on the business men OF
the country. 20 feel their own RESPONSE
btlitv. individually and collectively. for
the satisfactory outcome OF the work
He spoke in part as follows;
ta0tf0n OF the bankers and business men OK
/ chicago To some OF the more salient teat-
ures of the work Of the National Monetary
Commission The questions committed ~
it are so vast and involve 50 many coilat-
eraI issues that my statement must ueceS-
s4riTv be fragmenrary and incomplete me
iu7rOrtance Of the task OF finding legtslattvs
remedies for the defects and weaknesses o,
our currency and monetary systems cannot
he overestinated- The industrial and com
ulerciaI development OF the country. ths
healthy growth q fts banking facilities. IN
facr the continued march OF national prog
resS and prosperity. which an hope for. VIII
be either greatly accelerated or retarded
bv the wisdom or unwisdOm OF the action
which NAV be taken looking 70 a solution
cf the problems submitted 70 the cou1nlls-
sion
--rrr- (.0,rxrrec,r~.N-.es vx-ODur