The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-08-26
rnr n>xkrRs MD THE CrRRE>cr Bill

H. .,,f may hr received. particularly ny jam
.,.t4s,ea Of insanity on our part. but
..,..,,s. Mi. are going to ask why bankers
snoal5 ha credited With being experts on cur
-,rcv No thcy In short know everything ao'''
,,, s,tsert and should their views be taken as
e,,1 IN all matters pertaining to the prepara'
tion of q currency btH2
u so. # would seem to follow that all the
great financial experts Of the world since ''e
FRS, bank was established should have oeen
bankers. in England the greatest finaneier was
Gladstone. probably and he was no banker III
,,peries. one inevitably thinks OF Alexander
hamilton as one OF the leading authorities ana
Hamilton was no banker Salmon p Chase ana
Gaua.in were financers without being bankers
BANKERS in this country and in all others are
b,rf,v esteemed AS class, and rightly so. but we
must protest against the idea that they are 'A
ports IN tnance for it does not follow that be-
cnuso n man handles money he knows all about
It's distribution. The oHhook, discusses th'S
question with a clarity that makes its views nn
ierstaniable and wi.A insight into the SUD
ject which eoaHlnees:
WE have ne wish 10 dctract from the de
servcdly h~h esteem In which American pa"N-
avs are hold FHey are nne body of men
Thoy perform a great public service IN 'o@kl'iF
WIN na@'15 -. aea,s,trrs. but there Is a
popular fAlaey tt"t h%y are Toineh'" s,n me
tinanrisI legislation If this because they
are datiy handing n9nF}. -, 49,. y. fra,,t,,,r At q
tackled. II H is correct principle that we
ma, WV 1+e,'s %tt g'r,, M production and
distribution. then the cotton spinner ought 70
s@ 49, to SaaI rn5u,r ought to be able to tell
you what Kind Of CRATE oar ana now mu, NUN
1or.eT IN n b4ttleshfp. the bookbindcr ough, to
make good cfiS'r 81 poetry ana p'trnelS Sn0i''
Tnr Ia the business man who, naturally and
properly Is primarily sohreTn'a :" t'
aivavs the best judge of the Fundamental laws
that COVER" 'nA1 1e''''b'''""
me bankers o. '"7 '"'''0 ''''''S ."
bed no" al NH''8So 70 pi0'e'' "s''''''
features OF tAe ptho'nE ""HA"e anu '0''
Dill and 70 suggest changes IL ~ '"''' Tvs
and anything they may nave 10 say Snou'u W
listened TO- But u Shoo'd ne borne J" "'i'' ina
1t is not true as lhe y ''S'' '""S oe''''VS '""'
about 'As subject IA" ""pN''N N''" ever '''''e
anu congress A"""9 "'''''t' '"''' 10 NV 0'
son why the men IN CONGRESS VINO nave gwen
the subject cafei"l consideration lor Ee"''
should not Eho" as mucn ABOUT hn""e' ar '''
hah@efS OF '"e country anu ''''' - 'S''' 'e"'''
why 8HeF Sno"io ~ H'''' ""pi'''O'0'0
In the meantime it should be borne IN h''Ho
that the chief issue between the paiAe'N "''
congress at this time is after all not al 'oo
homie bat political issue 1t should DC Ie
nembcred that 1t is not a knowledge OF ei'n''
banking or currency distribution that Is heceS
sary to the settlement of the d'uerehoe'
group of bankers meeting in the west recently
adopted resolution which draws the ilhe Oh
cleavage. contending that the system Oh cohlro
devised is inherently wrong in this: tha' th'
banks furnishing the capital Of the Federal ne
serve bank are practically donled voice IN
their management, which Will be placed IN Inc
hands Of a body Of men whose relations to the
business win be political and possibly partisan