The Bridgeport evening farmer., 1911-11-16
ALLEGED
 "CURRENCY
 REFORM" Designed to Bring Banking Policy Under the Control
 of Money Powers Republican Campaign of 1912 to be Based Upon This Scheme-High Tariff A1drich the Leading Spir- 1t In It.
(By Clyde H. Tavenner, Special Cor respondent of The Farmer.)

By Clyde H. Tavenner, Special Cor
 respondent of The Farmer.)
 Washington, Nov. 16-The Republi- cans are going to make an effort to sidetrack the tariff issue in the next national campaign. According 10 thoroughly reliable information that has gained credence in Washington, the party's 'big appeap for support next year will be based on the cur rency question. It can be stated with certainty that at the present time some of the Republican leaders in ing on speeches the import of which will be that ''the business interests will suffer as long as the currency system remains as it now is, and that not until the Republicans are returned to power will there be hope for re- lief.''
 A modification of the so-called Az drich plan will be the one on which the administration will base it's plea for support. Having revised the tariff, the standpat leaders are now going to ask the voters of the coun- try to allow the versatile gentleman from Rhode Island to revise the cur rency system.
 This modified plan, and the one on which the G. o. P. intends to stand or fall. provides for a national reserve association of s30O,000,000 National and State banks and trust companies may be stockholders in it, in propor- tion to their capital The plan pro vides that within a year the reserve association shall take over government bonds rendered to it by the banks, and as national bank circulation is possible only on the basis of bonds, the banks would give up their clrcu- lation privilege as they turned in their bonds, and the association would ac- quire that privilege.
 The reserve association would have power to issue emergency currency, and since the big interests would have control of the association, they would practically dictate the banking policy of the country.
 Democrats in Congress have fre- ouently pointed out the danger of al- any more centered than it already IS, and the best students of finance Tn this country are agreed that this pro- posed reserve association" would De nothing more than a money trust, whose controlling factors would be the very same men who now dominate WallNStreet. The very fact that for mer Senator Aldrich endorses the scheme, these Democrats have shown, is enough to make the average cfti- zen suspicious of it. Mir. Aldrich has shown over and over again that he has no interest at heart except the interest of the Big Business tyrants who already control the industry of the country, and who are anxious to extend that control until it includes every line of activity throughout the nation.
 The plea that only the Republicans can evolve a safe currency reform is -5ery apt to be met with assertions from Democrats that the Republicans had plenty of time and opportunities to bring about the reform during the long years they were in the saddle, and that they failed to make any ad- vance Such efforts as were made along this line by the Republicans were repudiated by some of their own and the cry was made in Congress, not only by all the Demo- crats, but by some of the Republicans as well, that the Aldrich plan was designed to give the Bilionaires more power than they already have. Speak CT Cannon even went so far as to de- throne one chairman of the House Finance committee because he de-