The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-13
Will Conduct Campaign
Of Education for Cur
rency Reform.
PARTISAN VIEWS
TO BE AVOIDED
Will Meet Representative Bust
ness Men and Bankers and FIX
change Ideas as to Terms Of
Proposed Measure Which
Will Be introduced in
Next Congress.

Washington. D c.. March 12-Plans
for the reform of the currency laws
Will be prosecuted with a great deal Of
vigors by the members of the National
Monetary Commission during the sum
mer and fall. 4 campaign of education
Will be started within a few weeks; in
the hope of creating sentiment in favor
OF a bill which probably Will be intro
duceu in both branches of Congress
when the next regular session is con-
vened next December.
Thus, far the work of tho Monetary
Commission has. not been regarded az
political and especial care IL to be
taken to avoid the Introduction OF any
partisan views III the campaign for the
bill. ~ majority OF the members Of
the commission, who have been work
ing OH the proposed legislation, arc not
now members OF Congress, and are re-
sarded as out Of politics. This is par
ticularly trne of the chairman. former
Senator Aldrich, of Rhode Island, who
expects to devote great deal OF TIME
10 thee work during the coming year.
Views Of Public.
Beginning with the hearing 10 be
granted to the currency committee of
the American Bankers Association in
this city on March %, the members
Of the commission will be actively en-
gagged in getting the views Of tho pub
lie on needed Legislation up to the time
bill is introduced. 1t is not contem-
plated that there shall be many hear
inGs in Washington. but that several
members OF the commission shall visit
the large cities of the country, for the
purpose OF ascertaining the views Of
the interested public
The most extensive tour will be made
by Mr.. Aldrich.t the author of the bill
which Is expected to form the basis OF
any legislation attempted. With one
or two other members OF tho commits
sion. probably. he will visit the larger
centres of the South and West. to meet
business representatives for the pur-
pose of exchanging views regarding
necessary reforms.
AIdrich Bill Popular
General approval has been given 10
the Aldrich bill by tho public, SO far as
heard from. Bankers seem to regard 1t
as IN the nature Of a legaliza ton OF the
clearing house methods EMPLOYED b.
the banks in time of panic. These
methods, for the most part, have proved
eincdc:ous. Criticism may arise later.
however in fact. members Of the Mon
etary Commission appreciate that the
Aldrlch bill is too new Tor The public
10 have Sraspcd all of its features for
mat matter. the members OF the com.
mission themselves are by no means
committed TO the bill. It was brought
out by Mr. Aldrich chiefly for the pur-
pose OF forming basis for discussion
and to give to the country something
tangible TO work upon
The views of practical bankers are
nelng sought by the commission and
unt'l they are received. 1t is not likely
! That individual members of the commits.
sion Will put themselves on REGARD
-aany useful suggestions are expected
from the currency committee Of The
american Bankers Association and
through the ideas advanced bv such
practical men the commission exnects
avoid many OF the vicissitudes which
lhe proposed legislation would be sure
10 encounter In Congress- -