Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-03
The Senate Should Carefully
Consider Mr. anderlip's Pro-
gressiVe and Practical
Currency Plan

Senate no hasty matter of
the Currency bill
There distinct plans before Congress- invo
ing system of regional banks and the other Government
central bank with branches. If embark
change other without difficulty and disturbance
fatmportant to select the right plan.
Agood deal be said Administrators plan
frregona banks plan Government central bank
advanced by VANDERBILT be dismissed as
unworthy serious consideration advanced
at this moment by leading nancer with large Wall
es should not prejudice the Senate against any the really
valuable points of this plan 1t originated by Mr.
dsrp The idea of central Government bank has
pressed the radical thought of this country many years
find Populist party-founded on
the powerful Changers and Farmers Aance-gropng at this
idea In their Omaha platform But clearly emphaticay
find It expressed in the first national platform Indepen
dence party then representing foryour States and
tories adopted at Chicago in 1908 and reading:
The Independence party declares right to issue
money is inherent in the Government AND 1T FAVoRs
THE ESTABLISHMENT OF CENTRAL GOVERNMENT
BANK through money so issued shall be put into
general circulation"
Moreover the idea has found practical expression and &C.
tus operation in other countries The Bank embodes
this idea also the Rechban of Germany So the idea
altogether certainly not essentially re-
dictionary.
1t possible that the interests of which Mr. vanderip is
leading representative be altogether pleased
vandertp plan By their public utteranoes may found
that they not Mr. VANDERBILT however by the
Senate to submit what he believed be the possible plan
currency reform and being American citizen probably had
enough pride and enough patriotism respond sincerely
suggestion and to submit plan which he honestly believed
be the best for the country a whole
At any Mr. Vanderlps plan be in accordance
with the general sentiments Of Wall Street Furthermore Mr.
vanderps plan accord with the experience of other
countries
Therefore The Georgian urges the Senate Of United
States to consider this plan carefully to consider
product of Mr. Vanderp mind associations as a con-
crete expression the plan for which through many years
has been agitation by the radicals of this country.
The Georgian urges the Senate investigate operation
lightly that plan which the main abroad
might not be successful here The objection made that business
to be conducted here much greater than the business
conducted abroad to make the plan unfeasbe not
sound objection Americans doing on
much larger scale than it done abroad They would no
difficulty in extending and adapting the principle if it a
rect principle to the larger business of this country
The Vanderlip plan be practical progress
sive 1t is radical plan than the Administration plan
it is not much of experiment plan like Vanderips
has been the popular ideal the people should abandon
their ideal simply because has received the Endorsement
great banker who advances plan possible and
most practical one for the whole country.
WILLIAM RANDOLPH HEARST.