Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-10-09
lone BANKER ONLY
| FORCURRENCY BILL
Rest of the 1900 at Boston
on Record Against Glass
Owen Measure.
VOTE ON RESOLUTIONS
AFTER STORMY DEBATE
Speakers Who Attempt to Defend
Administration Measure Are
Hooted and Jeered.

| BOSTON, October 9-Of the . 900 MEM
bers, In attendance at the convention of
the American Bankers Association only
one voted against adoption Of resolutions
denouncing the Glass-Owen currency
bill, now pending in the United States
Senate. S. D. Scudder of Richmond, Va,
! was the lone banker who voted no .
| The vote came late yesterday, after an
animated, and at times bitter, debate.
which was precipitated by the report OF
the currency commission opposing the
Glass-Owen measure and favoring the
Aldrich plan of a central reserve asso-
citation. Speakers who attempted to de-
I.fend the pending administration bill were
Missed, and at times the convention was
in great disorder.
| The resolutions, which were passed by
so nearly a unanimous vote. read as fol-
tiows:
Text of Resolutions.
"Resolved, That we approve the work
OF the currency. commission. and that we
ratify and indorse the action of the Chi
cago conference the conclusions they
reached and the recommendations they
made.
RESOLVED, That we urge upon Congress
| the wisdom and the necessity of incor-
porating into the proposed law the amend
ments recommended by the Chicago con-
ference all of which have been elabo-
rateIy presented to the committee on bank
| ing and currency of the United States
Senate, in which body the proposed law
| Is now pending.
ANY law passed by Congress in order
| to be effective and realize in full measure
the hopes of those who are seeking cur
rency reform, must command the APP
prevail and enlist the cooperation of the
banks of the country, both state and ma
| tional.
"Resolved, That we commend the Presi-
dent. the Secretary of the Treasury and
Congress for their efforts to create in this
country an elastic as well as a safe cur
rency, and pledge them our hearty sup
| port for the enactment of proper legtsla-
| tion to that end"
To Take Out Sting.
The concluding paragraph, thanking
Congress and the administration, was
proposed at the afternoon session by
former Representative Joseph Fl. O'Neil
| Of Boston.
whose remarks had been audibly hoOted
from the floor during the forenoon. He
| and former Representative Thomas G.
MacRae of Arkansas, together with HI.
A Moehlenpah of Brewster, Wis, presi-
dent of the Wisconsin Bankers Associ-
alton, had rallied to the defense of the
administration. which had been attacked
| by most of the previous speakers. Act
1 ing President Arthur Reynolds Of Des
| Moines, in his annual report, had criti-
cised the currency biz. and former Rep
Conn. had attacked the good faith OF
the administration. and introduced reso-
iutions against the bill when .ex-Repre-
sentative MaeRae took the floor. His
attempted defense of the government
was treated with derision. Delegates
tried to howl him down with cries of
mo, no"LQuestion, question: Mr.:
myself. but I am unwilling to sanction
| the language of Chairman Hepburn of
charged the President and Congress of
this republic, with being a pack of
socialists. ~ -
Don't sidestep the issue The ques-
1 ton really at stake in the currency
/ bill is this: Shall the bankers of the
| United States control the currency Of
the country, or shall the government
of the United States control it?'
Compared to Criminals.
| From hundreds Of voices there came
a reply to the question: I'VE should.
| We should
Representative MacRae then exclaimed:
| Yes, III just the same way every Grim
inal would like the right to be the judge
of his own offenses; that he could de-
liver a verdict of mot guilty
Some kissing was heard as Mr., MacRae
| finished, ,
| Representative Hill. in introducing the
resolutions, had characterized the bill as
| it now stands as providing for a legaliZed
| government combination and monopoly
las substitute for the individual COM
L v,of ant nj ont