Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1909-08-19
ALOR|CH PLANS
CENTRAL BANK
CONTINUED from pnge one)

company, Is highly in favor Of a central
banking concern When he got back from
Europe n year ago, he so declared him
self. Among other things, he said to his
legislative friends:
81 found. while abroad, that both the
french and English nations were sntis-
fed with their banking systems.
I'VE are not pleased with ours. We
shall have a change some day"
mfr. vreeland. az you ought TO know"
said Senator Daniel. us OF the Aldrich
school He Is not In accord with the
manner in which we have been con-
Quoting our monetary system"
II know not what Is to come. I am
ignorant Of the whole republican scheme
OF things. But, TO say the least. I am
alarmed" he went on.
Turning TO Professor A. =. Andrew, the
we'll known writer and lecturer on fnan-
cial topics. the senator said:
do you know why we arc going TO
Canada? Can you toll me why this COM
mission was created. And what will we
recommend to the next Congress?"
Professor Andrew couldn't answer. Or
il he could, didn't answer. ooh, we
will find out by and by" he replied "For
the present ] am dense.
QUESTION OF CONSEQUENCES.
You ask what the consequences
would be TO the government If few
men were to control Ats circulation OF
money? What q question:. All persons
are not patriots Could not the man or
the few men having tho banking a,i-
thority have also the very heart OF
~
would We he. II we were menaccd by
some foreign power ana this man or
these men were to agree that we
couldn't afford TO repel an invasion,
The subcommittee Of the national
monetary commission, which has bec,
In session ct the Plaza Hotel for the
last two days, completed its deiibera-
lions Yesterday, for the time being.
and adjourned. subject to the call OF
Senator Aldrich, chairman Of the COM
mission.
STATEMENT ABOUT WORK.
A statement was issued 70 tho news
papers after the adjournment. which
says
The meeting OF the subcommittee
was for the purpose OF arranging for the
work Of the nlonbers OF the commission
during the summer prior to the general
meeting Of the commission which will
take place In Washington about the mid
die Of October. largo number of pa
rers and statistics. which have been pre-
pared under the direction OF Prof. A. p.
Andrew. were submitted TO the commit
tee In proof II is expected that the re-
ports and statistics with reference to the
monetary systems which have been IN
vestigated by the commission. will DE
completed and ready FOR publication az
the October meeting.
"A subcommittee was appointed 20
make a personal examination in Can
ada OF such features Of the Canadian
system as have not already been covered
by the Investigations Of the commission
This sub committee will consist OF Mr.
Nreeland, chairman. Senators Burrows
and Daniel and Representatives Weeks
and Bonynge, These gentlemen will visit
Canada some time during the month OF
September.
The chairman Of the commission (Sen-
ator Adrich, who is to sail for Europe
next week, will complete arrangements
heretofore made with reference to the
montary system of Italy. and will ar
range for additional Information relat-
ing to European systems IN all cases
where the statements already submitted
! to the commission fail to cover all the
Information required.
| ut Is the purpose OF the commission
to visit different sections of the country
during the late fall and winter to con.
tinue It's Investigations"