Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-03
The Senate Should Carefully
Consider Mr.. Vanderlip's Pro-
gressive and Practical
Currency Plan

The Senate should hasty decision the of
the Currency bill
There distinct plans before Congress- involv
ing system of regional banks and the other Government
central bank with branches If embark the
not change to the other without difficulty and disturbance
Is important to select the right plan.
good deal be favor Administration plan
regional banks but the plan Government central bank
advanced by Mr. Frank VANDERBILT be dismissed
unworthy consideration advanced
by leading with large Wall
teess should prejudice the Senate against any of the really
valuable points of this plan originated by Mr. Van
derp The idea of central Government bank has been
pressed by the radical thought of this country for years
AS far back 1892 the Popul party-founded
the powerful Changers Aancegroping this
idea in their Omaha platform But clearly and emphatcay
find expressed in the first national platform of the depen
party representing fortyfour
tories adopted at Chicago in 1908, and reading:
The Independence party declares that the right
money is inherent in the Government, AND IT FAvoRs
THE ESTABLISHMENT OF CENTRAL GOVERNMENT
BANK through which the money issued shall put
general circulation
Moreover the idea has found practical expression and
ua operation in other countries The Bank of France embod
this idea the Reichban of Germany by no
altogether theoretical and certainly essentially
dictionary.
1t possible that the Interests of which Mr. Vanderp is
leading representative may not be altogether pleased with the
vanderlp plan BY their public utteances may
that they not Mr. VANDERBILT however, asked by the
submit what he believed be the best possible plan
of currency reform being American citizen probably had
enough pride and enough patriotism respond sincerely
suggestion and submit plan which he honestly believed
be the best one for the country a whole.
At any rate Mr. Vanderbilt plan accordance
with the general sentiments of Wall Street Furthermore Mr.
Vandrp plan in accord with the actual experience other
countries
Therefore The Georgian urges the Senate of the United
States to consider this plan carefully to consider
product of MIR Vanderps mind and associations con-
crete expression of the plan which through many years
has been agitation by the radicals of this country.
Georgian urges investigate the operation
of somewhat similar plans France and Germany
lightly that plan which in the abroad
might be successful here The objection made business
TO be conducted here much greater than the
conducted abroad make the plan unfeasble here
sound objection Americans accustomed doing business
much larger scale than done abroad They have no
difficulty In extending and adapting the principle if it
rect principle to the larger business Of this country
The vanderp plan practical progress
sve radical plan than the Administration plan Yet
not much of experiment plan like Mr. Vanderlps
has been the popular ideal and the people should abandon
great banker who advances plan possible and
most practical one for the whole country.
WILLIAM RANDOLPH HEARST.