Albuquerque morning journal., 1913-06-23

ter than no bnl. and urge mat II be
passed at once
The currency committee Of the
American nnnkcrs association. in
session Al Atlantic Cip. appointed n
subcommittee to prepare answers 90
tho thirty.ihrce questions propound-
td hy The senate committee on bank
ling and oufon0 Tho sub-commlt-
ice consisted of a. o. Hcpunrn ehalr-
man of tho hoard or directors % che
/ Chnse National hank, of New yori
Jamcs D. Forean president ~ ihc
First National bunk. ~ Chicago Jos-
leph T Tabert. president of The Na-
timni CTS hank ~ New York
George At Reynolds. president 81 the
gminenial ana Commercial bank NJ
Chicago. and John Perrin. ~ Perrin
Dmte and Riley Tho answers 90
the questions were puhnshed ln tho
journal 0f Yesterday. and while not
uaorHus ihe new currency bBl Asl
fornarrd with the Aldrlch hiil. the
aoptml expression uH one of mils.
faction with che measure
sposk.ns of the meeting in Atlantic .
clw he Philadelphia public Ledger
slts
NJ air ~ optimism wns manifested
., the commission ~ 10 President
Wilson. li~ administration. and his at .
tiiuslr toward the currency problem
No word OF criticism was uttered NJ
i0 ihe course 0f tie administration
in REGARD To currency and banking
legislation reforms.
70 ia understood that the greatest
foar vs. fho bankers ls that the mon
IS liberated from the vaults ~ the
treasury and Of the national banks
with the five hundred millions of
emergency currency provided for as
f reserve may not bo absorbed with
sufficient rapidit in Legitimate bus-
mess and that iufiation will result ae.
aomplnlod hH an unhealthy boom that
later may react unfortunately ON the
country
ln view of the fact that James j.
illli SAYS railroads now need more
than five billion dollars far mamne
improvements. ii would ap-
pear that the fear Of too much mon-
.y has uo actual foundation Fur
.hefmore the world just now Is hay
ng money famine Germany has
been 20 NcW York during the past
.ew daya bidding for gold which she
.aiied to eei. and Paris his lct % bc
'nown tluf no moro large blocks ~
securities can beg floatod Ia France bo.
lore the winter
with the driving force of President
Wilson behind the bin and with Sec
.ctary Of State Bryan supporting it,
pot because he likes it. but because be-
cells obligated not Go oppose the poll
lies Of the administration SO long as
30 is in tho cabinet. it Is pretty safe
20 say that demaeogues. iike Henry
sill make little hcadway in their ef-
.orts to defeat or postpone currency
eelHmtion
Newspaper reports had It that MT
BRYAN would oppose the measure and
hat Introduction IT the hlll had been
delayed 70 have Il so shaped as 10
meet the views of the secretary of
'iaic Tho president promptly pub
iHhed denial Of the statement prob
ibly because he knew the country
lslrusts Mf nryans Views on cur
.eney on other financial policies Mr
Bryan has followed up Mr. Wilson's
.latement with one in which he giHes
lis assent 60 the measure. not with
nthuanm t. be- sure hut because
/ is his duty 10 stand by the policies
.f the administration ~ which he is
puft ile like Henry prefers
entirely IN the hands pf the
government. just as he believes the \
government should operate the rail- %
oads q
So the bin Is ono that is not am q
last Wall street would like. on the one j
ide, and d la not all that nryan =
would like on the other side II may
'c mfely inferred therefore TINT IL Z
a pretty good hii Cor the whole
ountry Il makes thc rorucring " 4
money Impossible and d prevents tho d
possibility Of a panic following upon ~
he heels ~ q. radical revision af the
arlff :