Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-08-24
BANKERS AGREE
ON THE CHANGES
WILL RECOMMEND SE\ER\l
AMENDMENTS TO TIE OWEN
GLASS MEASURE.
committee TO WASHINGTON
VIII Urge Changes That VIII Make
the Biil Satisfactory Ia Bankers
and Business Men.

al phrts ol the country at 'hc 'l"So
here today of two days conference
agreed ON q number Of importaut
'o..,,..',..a ',,... ,,,... am,
"inennr'oi''S ~ '"c o"'" O'''' VI
rcncy bill now pending IN congress
ana appointed a committee of seven
10 =, IV,sti,,,,t..,, ...,,d ..,,I..,,.,,r. ~
| W o.
nave the chahs's lhG"IPola''u III 'no
measure Members of the conference
expressed the belief that IN adVinIs-
! tration forces in Washington VIII bt
convinced by the arguments thyJ
! viii present and viii modify the hlll
50 that il will be reasonably sltisfdC-
tory to the banking and business in
terests of the country.
The amendments were presented to
the conference by committee on
! rsolutions and were adopted after a
! long discussion by "a unanimous vote.
| The committee went through the cur
rcncy BILL section 10y section and rec
omcnded more than twenty changes
The Committee.
The committee named hy Chairman
| Hepburn of New y Ork to 20 to Wash
| inGton and present the recommends
tons of the conference to President
| Wilson ana congress, included:
James b. HOrgan, Chicago, chair
| man; George w Rclnolds, Chicago;
T.. j lin, NorWalk, Conn: r.. f..
Maddox, Atlanta; Sol WeNlcr New or
| leans; Joseph Chapman, Minneapolis,
| and Festus j. Wade, st. Louis.
Inc committee VIII go to WaShlhg-
Ton IN rev days TO begin IT'S work.
The resolution adopted al the con
ference read ms follows.
Inc currency committee OF the
| \ =
,d win ehdeaNoilns TO secure rene
ulal naHk KING leEIsIduol' ana IcE'TG
ing the pahhlhg measure now penu-
ing IN congress as SNIdcHtlhE 'te
earnest WISH ol lle administration W
siNe WISE Jaw W llc co"upN, "aS
80, ~ l'', - a. Us
-, .''a o',u; ~" ' ~ ~
,'"t ti,,,.
80 ~ So, 90 So "+'S',
cinari,''' Il ba,iso. attn,d ,,,a,,t tti,, a,,5
nnita in an nynresSia,, tbjs iojnt Lad,,
Cnr,nnsed of LanLars from, thn so,,tb
ana nortb ana f,on, roast to cn.st
renresnnting count,.,, ond cit,, b,nl,s
state and nationaI and triet con-
noies ofter carefully, considering tbe
! hill mas odonted tbe following.
The Resolution
| "Whereas we rorn0rile tbe inn
nerativo necessity of inrornoratinp
! INTO tbe bonlsinp and currency eys,en3
nf mis- country those nrovon nrincI-
nios ,,bicb u,ii' nro,,ido tbn ,,,ost an
no crodit facilitiee ,,itb orooteet
safot,, ond q c,rrenc,. hasa5 an noId
witch a,,,on,oticalI, ,df,,sts its ynI-
ur,e to trade roo,,iraroCnts In ordnr
thai the biebest stabiIitv may he ar
tained FOR onr commrrre tbcrohv as
suring continrit,, Of en,nlo,.n,eny for
The laborer ana favorable markets
| - tba producer m f,,nd.,,or,at
hasia of general nrosneritv and
"Wbereas we helieve tba+ ia In
| sure tho sucressful operation Of n
now honLing law II must be Of sucb
| a cboracter &c to warrant n generoi
accentance of it's provisions Inv All
| exIstinp banking institutions since
tho first ,est of tba measure of enc
| coss must he tbe strength and mower
or erricientlv serving tho interests Of
the entire country which can alone
he had iron, reneraI narticination ~
hanks of All classes. and believing
that laws now drawn win nv its oncr-
ous nrovisions nrevent state hanks
and manv national hanks from io,n-
inc the system and earnestly deslr-
Inc IN co-onerate with tbe admins
tration I'm bringing about the adon-
lion Of the most hiphIy efficient plan.
therefore he II
The CHANGES.
"Resolved that we recommend the
roIIowinr changes i'm the bill conyinc-
| "a ,bat vbiIe NOT renanring tbn nlau
id.ai these changes would render or
rani1ation more prorable would
avnid a cradit disturbances and pro.
vide system that would gradually
deveInn into a buIwars for The pro-
tection Of our whole commerce hene-
,;ting atii,e and In eouaI measure the
iahnr.r tbe farmer ana tho business
nan
summary of tho innortan,
changes in tho currency hill proposed
hv Tho resolutions edonted hv the
hanLers follow.
THAT there should ne established
one central federal reserve bank un.
der the new currency and banking
plan instead of twelve. and If this is
so,nd inexnedient the number should
NOT exceed five with as many branch.
|