Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-01-25
casion demands and steer our ship
toward the broad horizon Of America"
Sees Era Of Prosperity.

actuated the committees OF the Senate
and House in framing 1t. declared that
he firmly believed that the country is
on the verge Of an era of prosperity
because people have been boarding
their money for the past year or SO
because they have been timid. but are
now about to invest and release 1t into
the channels of business.
He said he hoped Washington Will get
a federal reserve bank.
Senator Hollis praised the bankers Of
the country for their patriotic" stand
particularly Of the ability OF Senator
Owen, chairman of the Senate committee,
in charge Of this legislation. He criticised
the former currency laws, and said that
the panic Of 1907 was due to defective
legislation.
Don't expect miracles Of this bill.
however" he added. The cooperation
Of all is needed to make it the real sue
cess that it should be-
President Free to Act.
Senator Hollis declared that the demo-
cratic members Of the Senate have agreed
not to recommend any men for members
Of the federal reserve board in order
that the President may be absolutely
free to choose the very best men avail
able.
THE only two possible dangers that
see in the new law" he continued,
lis that we may have given the banks
too much imitation. We purposely made
the system attractive to the banks to
induce them to come in"
Senator Shafroth declared that he
felt the time is coming, under the new
banking and currency law. when the
United States will be the greatest
commercial nation in the world. Under
the law. he predicted, the country is
going to have prosperity never equaled
before. He added that he never under
stood why there were not more panics
under the old system.
Mr.. Keene, speaking of the BENEFITS
Of the postal savings system, said that
1t is the only public organization he
knows of which does not infringe on
the dominion of private enterprise. 1t
gets money out of the reach Of private
banks. he said, and puts 1t into cir
culation.
Cites Faults in System.
There are some faults at present which
hamper the success of the system. Mr..
keene said, but he hopes that they will
be rectified by legislation now pending in
Congress. The chief of these defects, he
pointed out is the small Limitation placed
on the amount of money which can be
The banquet last night was arranged
by committee consisting of John Poole.
George W. White and William A. Mearns.
The officers of the association are: B.
F. Saul, president; George E. Fleming,
vice president; John Poole, secretary, and
Albert T. Galley, treasurer.
List of the Guests.
Those present were B. F. Saul, Sena-
tor Hollis, William A. Mearns, Mr.. JUS
tice Pitney, George. w. White. Senator
Shafroth, Cuno H. Rudolph, w. c. Van
Antwerp, Henry H. Mckee. Luther F.
Speer, George E. Fleming, Robert N.
Harper, James NJ. Baker, William King.
Senator Williams, Representative Carter
Glass. John Poole. Carter B. Keene,
Charles ]. Bell, William D. Hoover. WAL
do Newcomer. John Joy Edison, DR.. Har-
vey w. Wiley. Albert F. Fox, W. T.
Galliher. Nathan B. Scott, Ashton G.
Chaplain, NJ. D. Rosenberg.
G. r. Linkins. c. w. Edmonston. T. K.
Sands, ]. Sanders, F. Bolgiano, ]. c.
Yost. ]. NJ. Riordon. F. A. fleming, B.
H. Roberts, c. /. Bowman. W. r. Lewis,
tell. ]. N. Thompson, H. Wardman. ]. ].
hampton. II. G. johnson. e. 9. Thomp-
son. K. P. Barnard.
w. S. Hoge. w. W. Bride. B. R. Wal
ters. w. P. Lipscomb, e. S. Wolfe. N.
L. Sansbury, c. J. Gockeler. g. N. Nord-
linger, Sidney West, Ezra Gould, F. w.
Graham. Mahlon Groo. c. Jacobsen, W.
S. Knox. T.. A. Mckee, w. F. GUIDE. J,
H. Ralston.
C. G. Smith. w. Edmonston, W. F.
ouicksall. F. W. Stone. ]. I. Weaver.
". K. Cooper. e. IL Bergman. J. Il
Clapp, r. W. Lee, D.. J. Callahan, R. ].
Clark. Myer Cohen. Thomas Hildt, L
Tobriner. c. B. Lyddane, P. H. Tamplet
F. w. Plugge. L. Groomes. W. 3. Shan
Frazier. T. c. Brown. B. S. Graves, J. G
Holden. A. B. Leet. James F. Hood. G. F.
Howe, H. T. Hand, B. Woodruff, G. p.
Toby, A. r. Elmore, T. P. Myers, L. F,
Luckett. L. H. Taylor.
H. H. Father, H. z. Clark, J. Evans
kaufman, D. ]. Kaufman. A. Loffler. H
w. Lewis, A. S. Galley, H. E. Ward, w
Nick. Stowell, F. G. Lee, P. Latterner
]. B. H. Dunn, J. D. Howard, G. H. Pope
G. Truesdell. J. B. Larner. H. G. Meem
T. Bradley. E. S. NARROW. B. Taylor. G.
A. King. F. j. F. Thiel. w. Stealey. J. L.
Newbold. T. P. Kane, W. A. Brown, A.
D. Marks. S. S. Campbell. D. S. Porter.
+. C. Boggs. w. J. Eynon.
w. Keblinger, W. ]. Lambert, B. S.
Adams. ]. D. Morgan, G. W. Harris, c.
E. Galliher, L. A. Barr. D. Graham. H.
Moran. c. W. Riecks H. F. Blount. D.
N HOUSTON, C. Thorn, v. Kerens. H. S.
Reeside,>J. NJ. Green, w. F. Roberts. ].
G. Moore, Hugh Reilly, w. H. Saunders
and J. ii. Moore.
c. 0. Watson, N W. Corson, G. e. War
field, w. II. Walker o. II. P. johnson, "
Kaufman, W. A. II. Church, E. r
Love, S. J. Henry, William A. Hill, C. "
Sturtevant, Alex. Britton, R. Kauff.
mann, NJ. E. Allies. C. P. King. W. c.
johnson, W. ]. Flather. H. ]. Keser, J.
S. scully, Z. S. Lewis. J. Mitchell, jr., c.
Corson, r. E. Davis. r. L. Austin. r. j
Earnshaw. L. P. Loving. H. Offterdinger
S. C. Redman, T. C. Daniel, J. Strasbur.
ger. r. s. Waters and A. II. Plugge.
II. Is. Cornwell. A. Parker, II. Rowland
A. Peter. o. Preston, n. o. Messenger
p J.. Shoemaker, ]. NJ. Dove l.. r. Tut
tie, W. w. spaid, W. F. Ham, E. X
Legg. jr., j. /. Peyser, j. S. TAFT, L. F.
Ruth. c. Pierce, r. G. Donaldson, ]. B.
G. Gusts. c. +. Donohoe. s. ]. Prescott
J. c. Eckloff. A. f. Randle, r. e. C1augh-
ton and o. G. Staples.