The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1913-12-26
Chicl S hs Finaneiers Declare the
System is Sure to Be a Success
Not Dissenting 0pin-
ion Expressed
MONEY PANIC NO
LONGER POSSIBLE
Means Much 10 the South and South
west Lower Rate Of Interest
in Prospect, Says
Johnson

Ginning in with the chorus Of praise
for the new banking and currency law
going up from all parts OF the land.
chickasha bankers, without dissent
ing vote. give unstinted approval to
the law and predict that it win produce
duce beneficial results.
Wen never have another money
panic In this country" said NJ. r.
Courtney, president of the Farmers
State bank The reason is that the
finances Of the country can no longer
be controlled by few men. consid-
er it the greatest piece OF legislation
that has ever been enacted during my
entire connection with banking and
| have been for it from the start. 1t
is optional with state banks whether
they enter the system but believe all
Of them viii want to get in"
T y. Dwyer, president of Chicka.
sha National, said. The new system
will be a success. OF course every law
has its weak spots. but these viii be
overcome by time and experience Ul-
timately and | believe, from the start.
this law win accomplish the purposes
intended. AS bankers and patriotic cit
izens il is our duty to put our shoul.
ders to the wheel and make the ad-
ministraticn a success in every way
and to this end political considerations
should be entirely laid aside"
"As the law was drawn and passed
it is bound to prove Of great benefit
tc the people said Ed F. Johns. cash
ier OF the Citizens National. 1T is a
genuinely progressive piece of con
structiye legislation and beyond any
question the new system will be
success.
~As | view il" said Ben +. Johnson.
active vice president OF the First Ma
tional, this law will be of more bene-
fit to the south and southwest than
to any other section OF the country.
Heretofore the mass Of the country's
wealth has been held in the east, where
It was used for development purposes
at much lower rates of interest than
we could get Under the new arrange
ment money win be available for our
section of the country at a lower rate
of interest It will also allow our
banks to operate in keeping with bus
mess conditions in our section and
when it is necessary for us to redis-
count our paper in order to get money
to move crops, We won't have to go to
a controlled money market to get ac-
commodations"
Il have not studied the law in de-
TAIL said NJ. c. Cannon, active vice
president Of the Oklahoma National.
but | know this. Tho country had
reached a state where some legislation
of the kind was an absolute necessity
and believe the law as finally enacted
is good one It may have to be
modified but on the whole ! believe
ii will work very satisfactory and prose
Of vast benefit
Washington. Dec 2e.-Actiye cam
raigning for federal reserve banks to
be established under the new banking
and currency system has been begun
by half dozen big cities in different
parts Of the United States and among
me. scores of kilograms received
Thursday at the treasury department
mere than half were devoted 10 laying
bare the reasons for executive ap-
proyal of their claims.
One plan that has been suggested to
the secretaries is that they make
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