Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-03-27
LIKE ALDR|CH PLAN
Project Under Consideration
by Committee of Bankers.
ASKED TO SUBMIT VIEWS
Will Report at Meeting of Ameri.
can Association in Nashville
Next Month.

The 'Aldrich plan for the reform of
| the national banking laws meets with
| favor among the bankers of the coun-
try. according to members of the cur
rency commission OF the American
Bankers Association in session today
at the New willard Hotel. preparatory
| to joint meeting with Senator Aldrich
| and the national monetary commission
tomorrow.
The sessions OF the currency COM
mission today were behind closed doors.
and the decisions reached in regard to
amendments which 1t may offer to the
| Aldrfch plan were not made public. 1t
was stated after the meeting that no
material changes or amendments were
offered at the morning session. The
commission met again at o'clock, and
will complete it's labors in connection
| with the Aldrich plan and be in readi-
| ness to lay its suggestions before the
monetary commission tomorrow morning
| in the Senate Office building.
Invited by Aldrich.
The currency commission was invited
by Senator Aldrich to meet with the ma
tional monetary commission to make such
suggestions in regard to the Aldrfch plan
as the bankers saw fit. The currency
commission will 60 before the convention
of the American Bankers Association
with its recommendations In regard to
the plan at Nashville, Tenn, next month
1t is expected that, with a few changes.
it will give hearty support to the plan
over which Senator Aldrich and the ma
tional monetary commission have worked
for the last two years.
The members Of the currency commits
oil III t.>
banking circles Of the country and all Of
them men Of wealth. The chairman, A.
B. Hepburn. president OF the Chase Ma
tfonal Bank of New York. and at one
time controller OF the currency, is in
Europe. The vice chairman. James B.
F'organ. president OF the First National
Bank Of Chicago, presided at the meeting
| today. Frederick f. Farnsworth. secre-
tary OF the American Bankers Associa-
ton, was present.
Others at Meeting.
The other members Of the commission
in attendance were Festus J. Wade. pres
ident Of the Mercantile Transfer Com
pany of St. Louis; Joseph T. Talbert,
vice president OF the Commercial Ma
ttonal Bank. Chicago; George NJ. Rey-
nolds. president of the Continental and
Commercial National Bank. Chicago:
John Perrin, president Of the Ameri-
can National Bank, Indianapolis:
Luther Drake. president Of the
Merchants National Bank, Omaha;
Myron T. Herrick. chairman OF the So
| ciety for Savings. Cleveland: Solomon
Wexler, vice president of the Whitney
Central National Bank. New Orleans:
Robert Wardrop. president of the Peo-
pies National Bank, Pittsburg: Arthur
Reynolds. president of the Des Moines
National Bank: Joseph A: McCord. vice
president of the Third National Bank,
Atlanta; w. v. Cox, president of the
Second National Bank, Washington, d.
c.; John l. Hamilton. vice president Of
the Hamilton and Cunningham Bank.
Hoopersville. ILL.,. and the following men,
bers ex-offcio: F. o. Watts, president
American Bankers Association. president
First National Bank. Nashville. Tenn. |;
William Livingstone. vice president
American Bankers Association. vice
president Dime Savings Bank. Detroit,
Mich; c. H. Huttig, chairman, executive
council, American Bankers Association,
president Third National Bank, ST. Louis,
Mo.