The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1911-10-20
REFORM MUST BE
NON-PART|SAN MOVEMENT
From the New York American:

From the New York American:
John Clafiin, of H. B. Clafin & Com
pany, president of the New York state
branch of the National Citizens League
which is arousing sentiment for re-
form of the currency and banking laws
to stop senseless panies, said yester-
= day:
I'VE are aiming to make this move
ment national This problem concerns
every business man, every farmer,
every wage-earner.
THE panic of 1907 was as unneces-
sary as disastrous. 1t disclosed all
weaknesses in our banking system
which all admit can be and must be
effectively corrected. The country is
still suffering from the effects of this
panic, and the small businesses are
suffering more than the large ones.
"Must Not Be Diverted"
There is no legislation of any kind
tariff, railroad, corporation or of a
general political character, that at all
equals in Importance the putting of
our banking and currency system on a
sound basis
This movement is non-partisan and
must be kept so. The problem is too
vital and pressing to be made the
football of party politics. 1t must not
be delayed and diverted as the tariff
matter has been"
Officers of New York Branch.
Besides Mr.. Clalin, the officers of
the New York branch are: Isidor
Straus, treasurer; Irving T. Bush,
chairman of the executive committee;
William Sloane, chairman of finance
committee, and George A. Plimpton,
secretary. The offices are at No. 100
Broad street.
THE National Citizens League" Mr.
Clafiin added, lis altogether independ-
ent in every way. We recognize the
able and Thorough work done by the
monetary commission, but the league
has no cut-and-dried plan to offer.
There are certain basic principles
of reform upon which we are agreed.
Further than this we want suggestions
from all sections and all classes to
the end that the remedial legislation
that is finally adopted by congress shall
reflect the needs of the country at
large.
Central Bank Not Favored.
1--WE do not advocate a central bank,
doing a general banking business, but
do believe in what has been called a
National Reserve Association, controll-
ed and managed so as to represent the
democratic spirit and the sound COM
mon sense of this nation.
when the weaknesses of our pres
ent system are understood and the
principles of sound finance are made
clear to all, and we hope to make them
so, l have confidence that the legisla-
tors will devise the right kind of laws
and that the people will want these
laws enacted"
Mr. Calfiin announced the following
list of directors: Cleveland H. Dodge,
of Phelps, Dodge e Co.; John c..
Eames, of H. b. Clafin & Co.! Gerrish
H. Milliken, of Derring, Milliken & Co.;
]. Harper Poor of Amory, Browne &
Co.; Henry A. Caesar, of H. A. Caesar
& Co.; Arthur Lehman, of Lehman
Brothers; Edward D. Page, of Faulk-
ner, Page & Co.; Welding Ring, of
Mailer & Quebeau; Cornelius N. Bliss,
Jr., of Bliss, Fabyan Co.; James Tai
colt, of AmemcanH osiery Co.; Her
mann Fleitmann of Fleitmann & Co.; i;
James H. Post, of B. H. Howell Son &
Co.; Frank TrumbulI, of the Chesa-
peake & Ohio Railway Co., and Ed
mund D. Fisher, deputy comptroller of
New York City.
The headquarters of the National Cit
liens League are in Chicago. Follow