The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-27
Prepares List of Questions to Be
Sent to Financial EN-
perts.
TO COVER ENTIRE GROUNDS
Queries Not to Be Taken as
lntimating Any Point OF
View.

Washington. May 26.-The Senate
Currency Committee began its investi-
cation of what is the matter with the
nations currency system and how its
defects should be remedied, late to-
day. when list of questions to be
sent to bankers and financial experts
was approved and prepared for imme-
date distribution. There are thirty
two questions In the list. enough, the
committee believes, after careful con-
sideration, to delve thoroughly into the
subject of currency reform. With them
to the financial experts will go a let
ter suggesting answers be given to
such as seem worth while.
These questions" the letter says.
are not to be understood as intimat-
ing what point of view will be taken
by the committee nor even by the mem
Der who has proposed any particular
question"
List OF Questions.
The questions summarized follow:
What are the essential defects OF
our banking and currency system?
Enumerate its advantages and dis
advantages, and what purposes are to
be attained by an improved system?
Should national banks continue to
have bond secured currency. and
for such banks be changed?
Should elastic currency be author
lied, and If so, should it be limited, and
to what amout; should 1t be notes of
individual banks. q central reserve as
ISOLATION?
If such notes are from the Treasury.
should they be on pledge OF security
and OF what kind, and should they be
a first lien of the government on the
concern to which issued?
Should all currency have gold basis
and how should 1t be issued and what
per cent of reserve should be required?
What should be the limit of notes
should it he based on capital stock and
surplus?
What device should be used to restore
such currency when demand subsidies?
Should n tax be laid on the currency
graduated TO conform with the vol
ume issued by the reserve association
or with the length of time outstand-
ing?
Should there he central associa ton.
with branches or reserve associations
with or without n central controls: and
If n number under such control, should
it be wholly with representatives of
the associations. wholly by the gov
eminent or by both?
Should such associati ton have geo
graphical territory and exercise its
reserve functions there. or should
members OF banks he permitted to
choose which near association they
should join. disregardng fixed terri
tory?
Should state banks or trust compa-
MES be stockholders in such associa-
ton and under what conditions?
How many regional reserve associa-
lions should there be?
What should be the minimum capital
stock and what amount to each bank?
How should directors of such asso-
citation be elected and In what num-
bers powers and terms OF officers?
What Should be the general nature
of business of such association, should
it accept credits other than those OF
banks. pay interest on deposits, dis
count double name commercial paper
for member banks on equal terms to
all. and should It's discount rate DO
public. subject to weekly change?
Should there DO n limit TO such ac-
ceptances and what limit?
What dividends should associations
be permitted to pay their banks. and
should any share OF the profits of an
association be distributed to member
banks in proportion to average de-
posits during the year?
What Is your opinion OF the plan OF
the national monetary commission and