Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1913-10-09
ONLY ONE BANKER
FAVORS THE BILL
MOmE THAN 1000 OPPOSE THI4
PRESENT FORM OF CUR
RENCN MEASURE.
R00T Bills SUPPORTERS
speaker, Who Favored owen Glass
Bill Receive cold Reception
from the Bankers,

BOSTON. Oct 3 The bankers of
tho United states again today dcclur-
ed their opposition TO the proposed
federal reserve plan of reform In the
currency ana banking system.
with only one dissenting vote on
the Annl vote, more than 1000 bank
crs from AN sections OF the country
gathered at the first days session Of
the annual convention of the Ameri-
can Bankers Association, ratified the
action OF the conference ON bankers
I'm demanding amendments 10 the fed
cral reserve act now pending in con
gress The hnanciers also approved
the work of their own currencj
committee which earlier In the day
had reported the system Of govern.
mental control proposed in the Glass
owen bill 10 bee socinlstic and impos
ing "uuwisr hIrdsh.ps ON the banks
and an equally unwise hardship ON
. the public"
Endorse the President
The resolutions IN which this rai-
ncnrcn and approval were contained
also included oommoudatlou Of 'the
president the secretary Of the treas
ury and congress for their efforts 10
create in this country An elastic as
well as safe currency" ana pledged
them hearty support for the enact
ment of proper legislation TO that
end"
The addition of this paragraph as
an amendment 90 the resolutions was
proposed at the afternoon session boy
former Congressman Joseph II
O'Ncil Of Boston Mr. O'Ncu was one
Of several speakers whose remarks
had been audihly hootcd from the
floor during the forenoon. He nad
former Congressman Thomas G.
MacRae Of Arkansas. together with
H. A Mochlenpah Of Brewster Wis
president Of the Wisconsin Bankers
Association. had rallied to the de-
frn.o Of the administration which had
been attacked boy most of the pre-
Nious speakers
Acting President Arthur Reynolds
of Des Moiues In his annual report
had criticized the currency bin. and
former Congressman Ebcnczer j.
lin. OF Norwalk. Conn. had attacked
the good faith Of the administration
ana introduced resolutions against tn"
bill when eN-COngrcssmau Macka"
took the floor His attempted de-.
frur" 0f tn" government WIS treated
with d-rlsion Delegates tried o.
howl him down with cries of mo.
no. question. question" Nfr
MacH1e stood his ground and asked
for hearing. saying. II am Il bank
or myself but ! am unwilling to sane
tion tho language " Chairman Hep
burn ~ the currency commission
when he charges the president and
congress with being a pack u so
cl.llsts.
Don't side step the issue The
question really at stake tn the cur
rency bin is this. shall the bankers
" tho United states control the cur
rency Of the country or shall the
government " the Emitted states con
trol it2"
From hundreds u voices there
|flllt Il IfNIN W NIIF NN'nNl'ht
"We should"
Even IIi,-cd Him.
Congressman MacHas then *
claimed:
Yes. in just the same way every
criminal would Ike the right % bg
the Judge u his own Jffonse So that
he could deliver verdict " "uDt
guilty" Some Kissing was heard as
Mr. MacRae finished
Congressman Hil. ln introducing
the resolution had characterized the
bin as It now stands. providing far
lcgaiizei government combination
and monopoly as q substitute for the
individual competitive enterprise ~
$4,000 banks organized under the
legislation laws Of this state and ma
Continued ON page 49,