Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-09-03
BANKERS Do NOT
FEAR OWEN BILL
But WANT NEW CURRENCY
SYSTEM TO BIZ MORE
ATTRACTIVE"
Give their OWN VIEWS
Senate Committee Hears What the
Leading Bankers Think of the
Currency Bill,

NASlil.\"l'N' sept '"iP'''
tor many principles ol mo adInlhls-
..rotion currency bin was drawn from
-. ..,..,i,rs -, t,. American
'"''"e 49,. emo,
Bankers association To-Day at 'io i.lH'
session "I lh' hearings "'puH Wy VA
senate committee OH ''"N.i
currency. Repr'Srh'allN'S "I th' TO
cent conference ol oAhh'IS A' ,Hl,at"
Who appeared to present I''oIllin TIU ~,
4tlons for amendments 10 'n' u,.i,
h"clared they did noi come III SP,iI'
~ antagonlsm TO me Oh" o"I III Wv
nope that II cuuld pt so antoH.'u ~
as to make ih' new syS''"" HI'''
attractive ana moro lI'Nl'Io'
we 40 n"t lcar E"\oin'il'n' 5o,i,
hol' SAID SOL NeNlrr. wee PIeS'Nen I' ~.
hl the Nhl,hey-' 'n'IaI ""HN VI ~"
orleans ana one oI ne 'hlel sp"N's-
men Tor the dtletNi"h. .......
We want ohlN nlhoil'9 rep 'S'i
''uoh on the ledeiaI reserve oo"' ~,
pot to exercise undue I'M I"th'e ~ '"
It's actions, out 10 prevent aOuSef'
\ strong Endorsement.
Tbo STRONGEST Endorsement of the
,o,,nral nnrnosss of thc administra-
g., o,',rro,., r,, ,,forn, rIan came near
tLn iU,' close ~ Vr W.rirr's exlmina-
i'm whom senator crawford a re-
nnhiican member Of tbe committee.
JGcIared the rountrv hanks Of state
mo So,ith Dakota had nothing to
.,ain and would suffsr greatly bv be
mo cnn,nclled IA Withdraw mart Of
tb9i, rahitaI from active business
,,itbin ne state and send ii outside
g. rooioral reserve hank
"T mini, tho senator has drawn
N,o ni,ture 100 dark and gloomy"
soId Air UevIor ~ don't think
Lorl,s sbouId ha conneIled ia enter
t,a neu .vstcr, but n could be made
afrocti,,o enoupb 10 induce them to
rnno In Thern would be real bcne-
,jts oven for n state maj would have
iittIe TO do with a regional reserve
lanls
"Anvthine that will stabalize finan-
,ioI conditions will hen all states.
wen new states with no large finan-
c.al or Industrial centers. Now there
is no s'ablllty influence we are al
NaNs on the euSe OF ptSclplVe.
James b. Forgan, president OF the
r5t national pank OF ChIcaEo' ana
chairman OF the Chlcago conference,
ID MI WeNler testliled To-Day ana
''r'red part OF the ground empraeed
o. the series OF SUGGESTIONS Tor
1utndments TO the blll maze puohc
j." ne bankers week ago.
suggestions upon Which theN dWeH
with chief emphasis today were;
ldt the BANKS rather thah the
itI.la treasury issue currency
That central oank' or not more
ihah llNe feslohal pahks Woulu DC
prelerapIe 10 me propoSeu '"oNe re-
elonal reserve DAhks'
Ihat membership oI lltlotdl pahks
In the new federal system should De
optional NOT compulsory
That inc amount OF reElonal re-
terNe bank 'apl'al TOT Wnlch ehCh
hauohal bahk must subscribe shouiu
De reduced iIohl ~ per cent 10 ~
per cent OF the suoscllpihE pank
taptaI STOCK
That one regloh,i reserve nank
Ehould not De cphlpelled 10 reulscouht
the colnmerclal paper held ny an
"'"ei'
NV
the sharp struggle that Is TO De
waged In the senate committee pe-
fore u can reach any agreement upon
currency reform lesls'auon became
apparent III inc hearIhS' VGesll"hs
by Senators fiitchcock ana - torinah
democrats that showed their views
on certain provlsohs oI the pill were
NJ variance with thosc oi 'he party
leaders VINO engineered the measure
throush the prennlnary STAGES III
the mousse ana repuDhcah opposltloh
10 many FEATURES OF tne plll was pro-
nonnced'
inc SUGGESTIONS MADE py the oank-
eis commi'ee' that representation
be gwen to the banging interests on
thei eueral reserve podiu, were met
with counter suggestion oy Sena-
tor weeks oepuplcah) Whlch II Is
UNDERSTOOD VIII Oe advanced as pos
SIDE amendment when the senate
SSonmi%I,ee % pegins cohsideratlon OF tne
nlII ms was tnd' me pankers OF
lhc county shou,u pe ai'o"eu 1o SUP
mt 70 the preslueht a Ilst Oh my OF
one hundreu men & ana tne presldeh.