The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1913-07-10

every section OF lnc Country WI"
hoyo come to see the secretary BE-
causc they know him and HE h'm'
and believe that he is just ~ glad
to see thom. The number 0f VISITORS
In Washington who have personal
ocouaintance with the secretary OF
stoto Is a constant surprise to en-
ployes of the state department
Secretary Busy Man.
Naturally Secretary Bryan pays n
nrice for his unfail.US good nature
ard inexhausuhla patience. lie
reaches his desk at the beginning or
a., tays work in thc department, re-
mains in his office unll 6 or $50 in
rho evening. and frequently stays
r,,..h ,ster while ,hc writer waited
IN ,ha ,rIe-ro6m lNo la'fe d''esa
lous Of ,i\ors No'c addressed ny
len, .c,,tary. .iya appointments az
international Importance, and arranR-
cd .ave.p days In advance, were
spu nud the ,", CiarI 'e't MS ''''
emf, trc. and H.l:'u..r' himself III
tbo corridor to run the gauntlet OF
ncwspaper men on duty at the sta''
dcnortmcnt. lie answered the rapid
fire questions for ten minutes WIN
ont evidence OF impatience, with re-
markable rrankness, and with every
.,idcpco of intimate knowledge ot
the routine of his Office.
"Do YOU believe the currency o'''
sho,,ld be passod ut this session
the writer inquired when the sec
retary was ut leisure.
"y,s" was the emphatic reply. lhe
assertion that time for thorough
Investigation of the subject Is heeueu
10 NOT a reasonable argument for de-
Ioy The fundamental principles III
yolyed in the currency legislation ara
thorourhly understood, In the last
few years resort has been had |"
neorly every form OF Investigation
nrd the results of these investlGa-
tious have been made known aho
onoly2ed by the senators and repre-
sentotiyes who are now engaged II
discussion OF the measure Inc
mead for currency legislation ha'
heen emphasized by bankers, men II
, puhlic life and, in fact by all wh'
have cared to express themselve
on the subject
( Commercial Notes as Security
"Do YOU thoroughly approve TN
. provision which makes commercl'
paper the principal security for treas
A ury notes borrowed from the govern
Y ment, Mr.. Secretary"
"Certainly Under the existing laN
y the bond requirement largely neutral
ICES the advantage of the money Ii
!. sued on them as security oe'au'
Il, the banks can draw back from u
l., government more than they alreat
IN have invested in the bonds. Una
,- tho terms of The Owen-Glass bill
II bank may put up its good asse'
which are further secured by the
. ability of stockholders to twice {
1 amount of the capital, to obtain a
or additional circulation that the cor
he munity may need, The goyernl
no board can be trusted to issue
o.. treasury notes to the regional ban
K ON terms that viii be fair and Jus
#. Bankers say that the propositl
es 10 give the government eNclusl
nd control of the federal board is
~ Injustice to them; that they shot
nv have adequate representation
Nm THE issue OF money is functi
Of the government, and not n functi
- of the banks" the secretary declare
iy The democratic party has consister
&c, ly taken this position. The Bal
vs. more platform read:
N "'Ranks exist for the accommod
- tion OF the public and not for t
n control OF business. All legislatl
"a ON the subject OF banking and cd
|" reucy should have for its purpo
ss the securing Of those accommodate
"a on terms OF absolute security TO
4 public, and Of complete protect
e from the misuse of the power II
=. wealth gives 10 those who posse
80 it"