The Bridgeport evening farmer., 1909-08-18

men were to control the circulation o1 l money? What a question: All per- sons are not patriots. Could not the man or the few men having the bank ing authority have also the very heart Of the Republic? What could we do where would we be, if we were men, aced by some foreign Power and this man or these men were to agree that we couldn't afford to repe1 an in vasion2
 we might never have a panic again. But we would have a system a million times worse than all the panics the world has ever known The subcommittee of the National Monetary Commission, which has been in session at the Plaza Hotel for the last two days. completed it's delibera- tions yesterday, for the time being and adjourned. subject to the call of Senator AIdrich, chairman of the Com mission.
 A statement was Issued to the news papers after the adjournment, which says:
 sThe meeting of the subcommittee was for the purpose of arranging for the work of the members of the Com mission during the Summer, prior to the general meeting of the Commmis- sion which will take place in Wash ington about the middle of October. A large number of papers and statistics, which have been prepared under the direction of Professor A. P. Andrew, were submitted to the committee in proof It is expected that the reports and statistics with reference to the monetary systems which have been investigated by the Commission, will be completed and ready for pub1ica- ton at the October meeting.
 "A subcommittee was appointed to make a personal examination in Can ada of such features of the Canadian system as have not already been cov- cred by the investigations of the com mission. This subcommittee will con sist of MT. Vreeland, chairman; Sena- tors Burrows and Daniel and Repre- sentatives Weeks and Bonynge. These gentlemen will visit Canada some time during the month of September.
 The chairman of the commission 1senator Aldrich). who is to sail for Europe next week. will complete ar rangements heretofore made with ref erence to the monetary system of Italy and will arrange for additiQ1al in- formation relating to European sys- tems in all cases where the state ments already submitted to the com mission fail to cover all the informa- ton required.
 Tt is the purpose of the commission to visit different sections of the coun- try during the late Fall and Winter to continue its Investigations
 Many were the acts of Andrew Jackson that made him a hero in the eyes of the American people," said SeIldtOrs Ddniei, put he never did a braver and better thing in his life than when he broke up the same sort of system others are now trying to re- establish The abilition of the old United States Bank was national blessing.''
 In this bank were deposited the funds Of the government the use or which gave the bank great facilities for discounting and so aiding the com mercial community. It soon con- trolled the monetary affairs of the country. and when General Jackson became President in 1929, he expressed decided hostility to it as a danger ous fnstitutfon." He began a fight against it, which ended. in it's destruc-. ton.
 His reasons were that it Tad failed in the fuif1llment of the promises of it's creation. viz: to establish a uni form and sound currency for the whole natfons and also that such an institu- tfon was not authorized by the Fed eral constitution. Failing to have it's charter renewed, the operations of the bank discontinued by limitation in March, 1856.
 One of the great objections to the central bank was that with the con- trol of the Government funds it could use these funds in the commercial world to the advantage of the party in power. by favoring business men willing to S1Jnnort