Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1909-08-05
REPORT OF ALpRIch MONETARY
COMMISSION MAY BE HEARD
NEXT YEAR. ~
COOPERATION Is DESIRED
OF ENTIRE BUSINESS WORLD
Expert Views Will Be Sought In Effort
to Reorsanize Entire Monetary System
Length of Tariff Consideration
Prevents Commission From Doing
Much Business This Summer.

Washington, Aug. s.-There is some
talk Of a special session Of congress
in October Of next year for the purpose
Of considering the report which the ma
tional monetary commission Senator
Aldrich, chairman) will hope to have
ready for presentation to congress and
the country by that time.
The commission had expected to do
a good deal Of work this summer. but
the length Of the special tariff ses-
sion has fnterfered, with the result
that the commission will not be ready
until next April or May to make to
congress even a preliminary and tenta-
tive report. That means that serious
consid GRAFTON of the money question
can not be had during the session of
congress which will meet next Decem.
ber
Before Mr. Aldrich leaves Washing
ton for the summer he will have a con-
terence with Representative Vreeland,
the ranking house member of the mon
etary commission, with view to for
mulating plans for the commissions
work this year. Those members Of the
commission who are not now in con-
gress have been doing systematic pre-
hminary work since early in March.
The various experts in this country
and IN Europe and Asia who were en-
ployed to prepare and compile special
reports and tables relating to banking
and finance have begun to send in their
reports. These reports are being as
sembled and analyzed, and in a few
months the commission will be ready
to begin the work of formulating its
reductions.
Basis to Be Expert Authority.
1t is understood that the commits
sion's report will be in two parts. The
nrst part will relate to demonstrative
banking and the second part to the
fundamental changes which are desired
IN our financial system. Every phase
of banking and currency will be COW
cred in the reports of the commission.
and in every case the findings of the
commission will be supported by the
most expert authorities here and
abroad.
Members Of the commission are fully
aware That complete reorganization
OF the banking and currency system of
the United States can not be brought
about unless It Is supported by
strong public sentiment. They appre-
ciate the wide divergence of views
among bankers on this question, and
1T is their pn~ ? to endeavor, If pos
sible. to compose these conflicting opin-
ions. To this end they will conduct a
campaign of education. The reports of
the experts will be made public thru
the magazines and the daily press, and
an effort will be made to convince the
business world that the commanding
commercial position of the United
States makes it Imperative that 1T shall
lead the world in scientific and modern
banking and currency methods
Will Ask Co. operation.
From time to time members of the
commission will visit the leading COM
1nercial centers of this country to adj
wise bankers and other business men as
to what the commission is seeking to
accomplish, and to enlist the co-opera-
tion of practical men Of affairs and ex-
perience in it's work.
Mr. Aldrich will make at least three
addresses next fall probably in Chi
cago, St. Louis and Milwaukee He
will leave Washington the last Of this
week for a ehort visit to his SUMMER
home at Warwick Neck, R. I. He will
sail for Europe the latter part of this
month and will spend September at
Bad Nauhein. 1t is his purpose to
return to the United States dn October
when a meeting of the monetary COM
mission will be held to begin the real
work of formulating the new currency
laws.