Bisbee daily review., 1913-10-12
men. Would the senator have the claimants pass on their own credsntialsY
IRE LITTLE BANKERS

request to the small country banks of particular place and hour for discussion of the absorbing topic of currency bill No money trust oligarch even ad- missbIe. the restriction of participation being banks having $259OOO capital The attitude banker yet prove the strongest fcrum exertng nonpohcal opinion upon the sponsors the bill
 So far the thousands of little bankers in the interior have the chief object of Washington attention regards their future welfare aad their present ad vice This has been particularly the interior south of the ohio or west of the Mississippi Apart how from any deliberate even unconscious official Ieanings toward that part of the compass. there is good why conspicuous not com plete-attention should have been directed.
 These small and distant uEts, unduIy isolated have been ;he chief of past monetary weakness in times of trouble either in breeding aecentuating Moreover they dotted great productive areas that need lower stable and interest rates They will rank well front bonehciaries of a unified system that shall confer through rediscoun elasticity and mobility of is recognition of the com mendable main purpose of the bill perhaps tinged by the recent Treasury favors that has been the handspring such commendatory opinion as the White House claims to received from the banks far removed from the metropolitan influences that are both most critical ard also most ignored
 But that Is only the picture Declarations at least strong in adverse tenor can be coated from the quarters Bankers assembled for joint express sion in southern territories as represtatve California virginas nave voiced distinct dis approval Of considerable sections of the new bill that they considered vitally unsatisfactory No profound consideration of their future lot under the new regime needed to suggest sundry ways in which their interests might be hurt as well as helped-some say in greater measure
 The average country banker has been content to leave to the better ard more fluent spokesmen from the cities the debate upon fundamental issues of principle or theory such the complexion Of istrative control the nature Of new note issue the protection of rational credit and gold power etc The present convention however should serve to eEghten and nspirit the little banker-as as general pub lie opinion-to follow actively whatever ustifabe lead is given these fundamentals regards admonition to his representatives at Washington
 The interior banker has been aroused to date-as partly shown in certain amendatory already recorded in the b-many in matters of practical de tail, to which the bill has involved needless Or detr metal hardshps restrictions relation to his limited capital and funds. the effect thereof has been and will be keenest upon the little bankers pocket nerve.
 Thus the small bank resenting with the rest the fact that it to be whipped rather than into the sys tenn if to keep national tide does not like being forced subscribe maximum of 20 ger cent of it's capital to regional stock on which it can get but per cent dividend It can lend the same resources locally now for or per cent, and incidentally ge: more good accounts thereby. feels that per cent reg;onal dividend would be none toe general. on 10 per cent subscription.
 Then. besides turning without interest to tho regional bank per cent of its deposits on which respondents allow it least per cent 1t faces the necessity before of maintaining cash bal ances city centers for customers check aceommoda ton; therefore it feels that shoulG still be allowed to keep third of it's reserves in reserve cities.
 Moreover it will lose all perquisites on cheek colec ions for these henceorth be renitted at par To this must be added the depreciation on bonds securing circulation ard federal deposits-a material loss to rural bank of small marginal resources
 All this miscellaneous and largely unnecessary sacr fee must find compensation in power to borrow from the regional bank and under conditions paper collateral as to which it remains be demonstrated exactly how feasible Is their latitude for the average country bank From the purely selfish viewpoint moreover the little banks have always been able get from the city even in panic
 Thus the little banker also has his just cause of complaint On these items of important detatogether with his interest on issues of wider scope-his concerted opinion should be distinctly serviceable
 chinaIs Constituent Parliament in joint session elected the Provisional President shi Ka to be