Omaha daily bee., 1909-11-07
Definite Plan for Proposed Law Not
Yet Outlined.
HE ASKS FOR COOPERATION
Advice Of Business Men Needed to
Meet Situation.
COMMISSION STILL AT WORK
Project for Creation of Big Central
bank of Issue is Not Mentioned
Methods of other
Countries.

CHICAGO Nov. 6.-senator Nelson w.
Aldrich of Rhode Island, before the Com
I mercial club here tonight delivered the
! first of a series Of western speeches on
currency reform and the work of the
monetary commission, of which he is
chairman.
To those who expected Senator Aldrich
to use the occasion for the PRONUNCIATION
of the central bank project or any other
plan or theory of national finance, his
speech was in the nature Of a surprise.
He declared at the outset that the ques-
tion of a definite plan for reforming ex-
listing conditions has not yet been taken
up by the commission and he added
that no plan would be adopted until after
an opportunity has been afforded for the
most careful and exhaustive study of all
the conditions that surround the prob
lem"
Appeal for Cooperation.
He said he had accepted the present oc-
| casion an opportunity ito make an
earnest appeal to you, as the representa-
tive men Of an important section of the
country, to give to the commission the
advantage of your valuable counsel and
cooperation in securing the adoption Of
satisfactory reedial plan-one that will
surely conserve and promote the vital in
terests Of all the people of this great
nation"
Senator Aldrich paid tribute TO the busi-
ness men of Chicago. which he described
as perhaps the most important financial
center OF the country" as having by their
enterprise, ability and foresight con-
tributed largely to the upbulding of a
great and prosperous empire and he
pledged the best efforts and judgment of
the monetary commission ITO secure the
adoption Of monetary system the wisest
and best the world has seen"
Big Task for COmmissiOn.
The senator said in part:
1T is my purpose tonight to call the at
tention Of the bankers and buainess men
OF Chicago to some Of the more salient
features of the work of the National None
tary commission. The questions committed
II 1t are so vast and involve so many col
lateral issues, that my statement must
necessarily be fragmentary and incomplete.
The Importance of the task Of finding legis-
lative remedies for the defects and weak
nesses Of our currency and monetary sys-
TEN cannot be overestimated. The indus
trial and commercial development OF the
country. the healthy groweh of its banking
facilities; in fact the continued march of
national progress and prosperity, which all
hope for. will be either greatly accelerated
or retarded by the wisdom or unwisdom OF
the action which may be taken looking TO
a solution of the problems submitted to the
commission.
I'VE expect TO be able to give to the
public within comparatively short time
the fullest information with reference to
the experience and practical methods of
other countries and OF our own. This In
vestigation will be the most complete and
comprehensive with reference 10 these sub
jects that has ever been taken.
When this record has been submitted
and time has been given to analyze z care
fully, we shall, before reaching any decl-
sion, ask the representatives of business
interests throughout the country for an
opinion as to what, II any, portion OF 1t is
pertinent and valuable in the formulation
, Of plan for the United States"