Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-08-23
George M. Reynolds PourS OIL
ON TroubIed Waters by
Telling Of Conference With
Secretary McAdoo,
HEPBURN POINTS OUT
CHANGES DESIRED
lanes B. Forgan Makes De-
nunciatory Speech and In
tDoduces Resolutions Which
Are Referred to Committee,

tuy nosuso ,oossst srtci.l trAtep wisr4
Chicago. Aug ga spirit OF con
elauon and compromise toward the
0vcu-Gmss currency mll. us It Is cv-
ueCtcd it Viii Doc amended, was mani.
tested at conference of leading
bankers from all parts of the country
held here today Before the confer
encc 3diourns tomorrow. Il Is expect
ed that resolutions recommending a
number of Important changes IN the
currency bill now pending In con-
ercss. viii bc adopted ana that the
bankers win use their influence ia as-
sist President Wilson In obtaining cur
pncy legislation
The change in the attitude Of tho
bankers developed after George NJ
REYNOLDS, president Of tho Continental
and Commercial National bank. told
ei an important conference he held In
Sew York yesterday, with Secretary
of the Treasury McAdoo,
ln addressing the conference today,
Nr Reynolds said:
II spent Yesterday with Secretary
ah.N IhNfffN W. aNfM 7 w Af anu w AAthfN
about the bin and our objections 20
Il and he assured me that the admin
lsuauon desired 10 do an IN its power
to remedy the defects Of which We
have complained.
81 believe We can get the number
of federal reserve banks reduced from
twelve Go five or six. I believe We
ran have changes made IN the word
ing at the clause referring 10 the
composition Of the federal reserve
board which win remove 1t from poll
ties. I believe We can have the adyi-
sorry committee OF bankers clothed
with the power OF veto In connection
With the management of The reserve
banks"
James b. Forgan of Chicago. open
cd the discussion 10y Introducing set
OF resolutions pointing out numerous
defects In the bin and advising that
congress Doe asked Go defer action un.
til % commission composed of repre-
scntatycs Of the government, the
bankers and business men of all
CLASSES appointed by the national
chamber of commerce, had been given
am on,ortunity ia prepare n NOW nm
rho resolutions were referred "a the
committee ON resolutions
The following committee ON rcsolu-
uons WAS appointed
Representing the currency commits
a.on ~ thc tmericao ha,ikors osso.
eiation- A. porton uenbnrn Vow
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