Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-13

was by a Greek professor and written
In French. CThis wrok OF Androads
has subsequently, been translated into
English.)
With regard to banking In tho
United States. no coherent and COM
prehensIve history has been written
which covered more than cursorlly the
significant developments in banking
during the half century since the
Civil war. If tho banking problems
confronting the United States today
were TO be studied In the light OF the
worlds experiences and with any
satisfactory knowledge of existing con-
ditions In the United States IL was
necessary TO enter upon series OF In
vestIgations much more thorough and
far-reaching than had ever been
made before and to postpone any at
tempt to formulate a plan for reor-
ganizing the system until this Invcsti-
CATION had been completed.
SOUGHT ONLY FACTS.
The commission has sought to Sc
cure the facts concerning the existing
systems OF banking and currency III
tho leading commercial nations OF tho
world. 1t has secured comprehensive
Information from England. Germany,
France. switzerland, Sweden. Belgium,
and japan, and has In addition sccur-
ed considerable material with regard
TO banking In Mexico. Russia, Austria
Hungary and Holland. The list OF pub
lications which has recently been
given TO the public conveys an i'm
prcssive picture of the substantial way
In which this effort has been carried
out and OF the encyclopedia scope of
the commissions Investigations.
In each of the leading countries the
endeavor was also made 20 secure the
cooperation of the most competent
financial experts in preparing reports
covering their banking history and
current banking practises. The list OF
collaborators includes the names of
the editors of most of the worlds
leading financial journals as well as an
imposing roll OF university experts on
banking and finance In France. Ger
many. England, Italy. and other
countries, as well as the United
States. In England the commission
secured contributions from such men
as Francis w. Hirst. the editor of the
London Economist: Hartley Withcrs.
financial editor of the London Times;
George Paish, editor OF The Statist.
Sir r. H. Inglis Palgrave. the distin-
guished authority on banking and
editor OF the London Bankers Mag
aZine; Prof. II. s. Foxwell. of the
London school OF economics; Mr..
Robert Martin Holland. honorable Sec
ers
In France the commission secured
the assistance of recognized authorl-
ties such as Andre Llcsse, the dis
tinguished economic writer and pro-
fessor In the Conscrvatoire des Arts
ct Metirs; Albert Aupeit, the head of
the archives of the Bank of France:
editor of LIE Renter: E. Vidal, editor
of La Cote de la Banque ct de la
Bourse. NJ. Lefevre. head of the
archives of the Credit Lyonnais. and
others. Each of these authorities has
prepared. under the direction of the
commission, treatises covering some
part of the history practical operation.
several treaties being arranged so as to
present a complete picture of the
banking system of France.
GERMAN BANKING LITERATURE.
In Germany, where abundant liter
ature covering the various phases OF
the country's banking was already cx-
tstent, the commission followed the plan
of selecting a series of volumes for
translation. having papers specially
prepared only In the case of those sub
jects which had not already been COW
cred by German writer's. These trans
lations will include the twenty-ffth an
niversary volume of the Reichsbank.
published in Berlin In 1900. and great
number of the more recent articles per-
tlncnt to the discussion of the pending
renewal OF the Reichsbank charter. In
asmuch as the worldwide panic OF 1907
and the pending renewal OF the Reichs-
bank charter had resulted IN the ap-
pointmcnt OF parliamentary commis-
sion in Germany TO study possible re-
forms in the banking laws of that coun-
try. the stcnographlc report OF the
discussions OF that German commission
have been translated and Will be made
available to the American public In a
series OF volumes. In addition to these
the commission has translated mono-
praphs and articles by Doctor Koch. the
late president OF the Reichsbank; Prof.
Lexis. the famous economist OF Goet-
tIngen: and by such well-mown au-
thorlties upon German banking as
Hecht. Hermes, Cchachncr, Sledel.
Wittner. Mueller. Breslauer, and Franz.
covering the history and organization
OF the several kinds of banks peculiar
to Germany. Moreover. Doctor Riesser.
former president OF the Bank fur Han
del und mdustrie and president OF the
German Bankers association, has pre-
pared especially for the commission
new edition of his authoritative work
upon the great Gcrmon jolnt-stock
banks. which Is also being translated
for publication.
UNITED STATES REPORTS.
with regard TO the United States,
an especially comprehensive group OF
volumes has been gotten under way,
a series of reports and answers to
Inquiries has been collected by the COM
mission from nearly $4,000 banks
throughout the country. far larger
number than. ever reported heretofore
TO any government investigation. and
these reports have been carefully sum-
married. At the same time the various
clearing house associations of the coun-
try, the leading financial journals, such
as the Commercial and Financial
Chronicle, tho state bank supervisors.
and many other individuals and insti-
tutions have contributed material TO
volume OF statistics. which includes flg-
ures covering every phase OF modern
American backing. .~Iother volumin-
ous and useful volume Will contain all
of the laws of the United States con-
corning money, banking and loans
passed by Congress since the founda-
ton OF the republic. Two other vol
umes win contain the first complete
digest which has ever been made OF the
laws with regard to banking current
In the various states.
The commission. US soon as practic-
able. viii print Il limited edition oil
these volumes, and hopes that Congress
will soon authorize their general publ
cation and distribution and viii pro-
| vide for their sale at moderate prices
/ ttro,,oh al, S,tf,erfnf endcuf OF dOCu-