Evening star., 1914-01-25
casion demands and steer our ship
toward the broad horizon Of America"
Sees Era Of Prosperity.

casion demands and steer our ship
toward the broad horizon Of America"
Sees Era Of Prosperity.
Senator Hollis. after explaining the
details Of the new banking and cur
rency act and telling what arguments
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
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
toward the new currency bill. and spoke
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 1t the real suo-
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
is 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
| going to have prosperity never equaled
before. He added that he never under
stood why there were not more panlcs
| under the old system.
Mr.. Keene, speaking of the benefits
| of the postal savings system, said that
| it 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 rectided 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
deposited in the system at one time.
| The banquet last night was arranged
| by a. 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 N. Baker, William King,
Senator Williams, Representative Carter
Glass; John Poole. Carter B. Keene,
Charles J. Bell, William d. Hoover, Wal
do Newcomer. John Joy Edison. DR.. Har-
vey w. Wiley. Albert F. Fox, w. 7.
Galliher. Nathan B. Scott, Ashton G.
! Clapham, NJ. D. Rosenberg.
| G. r. Linkins, c. w. Edmonston, 7. K.
Sands, j. Sanders, F. Bolgiano, ]. C..
| Yost J. NJ. Riordon. F. A. Fenning. B.
H. Roberts, G. L. Bowman, w. R. Lewis,
C. w. Warden, w. ]. Kehoe, H. w. Cat
| tell, ]. N. Thompson, H. Wardman, ]. ].
hampton. II. G. Johnson. E. E. Thomp-
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. ].
H. Ralston.
e. G. Smith. W: Edmonston. W. F.
ouicksall. F. W. Stone. ]. Z. Weaver.
Albert Garry. W. T; Poole N. Il. Shea.
". z. Cooper: e. X Bergman J: H.
Clark, Myer Cohen. Thomas Hildt. L.
Tobriner. c. B. Lyddane. P. H. Tamplet.
| F. w. Plugge, L. Groomes. w. e. Shan
| non, S. M. Ham, Ga L. Starkey. D.
Frazier. T. G. Brown. B. S; Graves, J. G.
Howe H. T. Hand, B. Woodruff. G. z.
Toby, A. r. Elmore, T. p Myers, L. F.
! Luckett, L. H. Taylor.
H. H. F1ather H. r Clark, J. Evans
T.; Taylor Bqrks K.us.G :, T. Gahii n,s. j: p
| w. Lewis. A S. Galley, H. 2. Ward, w.
Nick. Stowell, F. G. Lee, P. Latterner.
J. B. H. Dunn, J. D. Howard, G. H. Pope.
G. Truesdell. ]. B. Larner. H. G. Meem,
T. Bradley. E. s. NARROW. B. Taylor. G.
| A King. F. j. f. Thiel, w. Stealey, ]. l..
Newbold. r P Kane. W. A.. Brown, A.
D. Marks. S. S. Campbell. D. S. Porter.
+. C. Boggs, w. ]. Eynon.
w. Kebhnger, w. ]. Lambert, B. S.
Adams. ]. D. Morgan, G. W. Harris. c.
E. Galliher, L. A. Barr. D. Graham. H.
| Moran. G. W. Riecks, H. r. Blount. D.
| N Houston, C. Thom, v. Kerens. H. s.
| Reside j. NJ. Green, w. F. Roberts. J.
| G. Moore, Hugh Reilly, w. H. Saunders
| and J. II. Moore.
| G. O. Watson. N. W. Corson. G. e. War
| field. w. II. Walker, o. II. P. johnson. v.
| Kaufman, w. A. H. Church, E. T.
Love. S. ]. Henry. William A. Hill, C. v.
| sturteyant, Alex. Britton, r. Kauff-
mann, NJ. E. Allies, c. p. King. ". c.
johnson. w. J. Flather. H. J. Keser, J.
S. scully, E. S. Lewis. J. Mitchell. jr.. c.
Corson, r. E. Davis, r. l.. Austin. r. ].
Earnshaw. l.. P. Loving. H. Offterdinger.
S. c. Redman, r. c. Daniel. J. Strasbur-
ger, r. $. Waters and A. H. Plugge.
| II. *. Cornwell. A. Parker. II. Rowland
A. Peter. o. Preston, n. o. Messenger.
p J.. Shoemaker, J. NJ Dove. l.. r. Tut
| tie, W. w. Spaid, W. F. Ham. E. X.
Legg. jr, j. l. Peyser, ]. S. TAFT, L. F.
Ruth, c. Pierce, r. G. Donaldson, J. B.
! G. Gusts. C. f. Donohoe, s. ]. Prescott,
]. c. Eckloff. A. E. Randle, r. E. Claugh-
| ton and o. G. Staples.