The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-16
FRESH TACKLE ON
CURRENCY REFORM.
Chamber Of Commerce, Rebuffed
by Glass, Will Con-
tinue Eight &
UP BEFORE DIRECTORS
Governing Body to Take. Up
Problem at First Business
Meeting Tuesday.
BEFORE DIRECTORS

Notwithstanding the doubts enter.
tanned by Chairman Carter Glass. Of
The House COMMITTEES on Banking and
currency. on the score OF the cham
bers competency in currency matters.
the board of directors of the Cha ber
of Commerce will again take up tho
veHad question at meeting called by
president Caring ton for next Tuesaay.
afternoon
THE Chamber OF Commerce ha, by
no means dropped this question:" said
MT. Darlington. yesterday. .I7icl-
monds position in the banking world
and the amount OF capital invested In
this branch of industry in this city.
makes the problem of currency re-.
form of high local interest, and tho
chamber proposes to do its part to-
ward securing solution.
We started the reform agitation I'm
the South at our Jefferson Hotel meet
ing last January. and we shall keen
it up. / believe that this city has
group OF hnanciers as well informed
as any similar body in the country.
and as well qualified TO point the
way TO constructive reform az others
VINO nave given the question study"
First business Meeting
The meeting Tuesday Will be the
first gathering OF the directors for
purely business purposes since their
election. The meeting last month was
largely social and afforded the mem
bers OF the board an opportunity TO
get acquainted Tuesdays meeting
Will take up in earnest the big prob
lens that face the Chamber of Com
merce this yoar. Besidos the question
of reforming the currency laws. tho
directors VIII take up again the sub
Jcct OF tax reform In Virginia, and
other more local problems
1t Is probable that tho board will
ndorss officially. either wholly or In
part the resolutions on currency re-
form drawn up by a special
chamber committee and laid before
convention of delegates from the COM
mercfal organizations OF halr a dozen
Virginia cities which met under the
auspices OF the Chamber I Commerce
on January II at the jefferson Hotel
The resolutions. which were draft
ed by Edmund Strudwick. Alvin NJ
Smith and o. j. Sands. directed tho
attention OF the lawmakers TO the fac.
that while the Democratic national
platform Is opposed to the so-callcd
Aldrich plan OF banking reform. there
Is nothing in Its declarations which Ia
Incompatible with that degree Of CEN
tralizat!on or cooperation in our hank
Ing system that is so obviously neces-
sary.
Aroused Ginss's IRE.
Congressman Glass. chairman OF the
House Committee on Banking and cur
rcncy. found the preamble 10 these
resolutions particularly obnoxious. ana
on February wrote scathing letter
TO President CarriHston. in VIII ch no
questioned the competency OF the
Chamber of Commerce and Of the par
hcuiar currency meeting which II
fathtred, to pass on questions concern
Ing the country's finance and its re-
form. Mr.. Darlington sent prompt
answer.
DR.. C. w a Vcditz, professor Of poll
Teal economy In George washington
University. who was one OF the speak
ers at tho Jefferson Hotel meeting,
aroused the Congressman's ire win
his academic diagnosis OF present day
monetary ills The political econo-
mist said that the United states has
the worst financial system possessen
by any civilized nation In the world.
With tho aftermath OF the las. cur
rcncy reform meeting stin fresh in
mind, the Chamber of Commerce stands
by its guns undauntt d, aud will tackle
the problem anew next Tuesday.