Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-11
A Government Central
Banks dGOOd DEM
Ocrdtic Ideal

agree with him every point appreciate the value and the
illuminating character of his utterances Mr. Schfs speech
hardly considered aarms The points that he makes
First That the legislation before Congress ought
be completed speedily may be- delay
anty and uncertainty always disturbing influence in the
business world
That despite desirabity prompt conclusion
of the currency question nevertheless sufficient time should be
taken make the currency absolutely sound and
effective.
Third proracted elaboration the currency
and too prolonged uncertainty to what business
dons would be result OF the currency measure would prob
ably bring business sagnaion and lack of confidence
which would result in business depression sufficiently aggravated
to be pronounced panic
Fourth That the present administration modi
6caon of the Adrich bill and large extent the product
of the monetary commission of which Senator Adrich the
head and that therefore he Mr. Sch and other representa-
ves of the great Wall street interests could find less danger
the prompt passage of the administration bill than in delay and
the possible failure to pass it,
a analysis of speech how
anyone crcse his remarks, if they do not wholly
agree with his conclusions?
Undoubtedly and ndpuabl the prompt passage of cor
rect bill is desirable and the prompt passage of
tariff The continual and protracted disturbance
of business does business depression and sufficient business
dizziness and financial depression have already been caused the
dacc doctrines and the nabe theories of the
gogic administration
Obviously however enough time given discus
sion and elaboration this currency prevent
rous mistake being made similar to the mistake made in the
tariff
The country should not be rushed into measure which
is undemocratic principle viii to the
benefit of the people, rushed into of tariff
reduction which opened markets the products foreign
countries without opening foreign markets to the products of
country.
Certainly, for instance do wish country
hurried the adoption of merely modified Adrch
The people of this country expressed with sufficient emphasis
their doubt and dsapprova of the Adch provisions and the
Aldrich intentions
If Tho
the administration bill it is doubtful merely
Aldrch bill will sufficiently satisfy the requirements of the situa
ton the demands of the progressive elements of the
munity
Mr. schf is right and apparently is right stating that
administration bill is merely ougrowh Ardrich
recommendations would not be better for this presumptvey
progressive and
merely remodel their structure but construct financial
measure from the ground up7
Would it be better proceed along the of the
proposal of Mr. Vanderp Would not be better adopt
judciousy radical declaration the Independence Party plat
form adopted at Chicago in 1908 and reading:
The independence Party declares right to issue
money inherent in the AND TT FAVORS
TABLISHMENT OF A CENTRAL GOVERNMENT BANK
through which the issued shall be put into cir
Culation
soundest and advanced progressive thought this
country long been in favor of central government con
roed bank The established principle and practice of the great
Republic of France expressed in the form of the Bank of
France a central government controlled bank.
thorough and thoughtful yet most ad-
vanced opinion Germany finds expression in the Rehsbank
of Berlin central, government controlled bank
The plan practical because is successful operation
other great and up-to-date nations,
is democratic and progressive and our
American ideas and institutions.
democratic and progressive administration should favor
the idea of central government controlled prac
cal business administration of this government adopt
this plan especially when the plan has the support only
the people large who will be benefited by of such
great bankers MIR Vanderp who recognize the praccaby
of this plan and its essential soundness and value
Mr. schf is right when he states that unnecessary delay
dangerous but he is far the popular interest
inclination concerned when he advocates adoption of
OF the truly democratic proposition of central government
OF the modified Aldrich administration
Mr. Schif and MIR Vandeip should unite support
controlled bank conducted not by clique the
any class but by the in the all classes in