The Alaska daily empire., 1916-02-14
(Clncinnatl EnQuimr

lllucn0AI EuQNlLIli
 The proposition of the American Bankers Associa. ton to retire and cancel tho $Sl6,0opOo of United States Treasury notes may receive ne approval of the Federal Reserve Board but 1t will never receive the approval of the majority of the people of the United States.
 It Is difficult to designate any financial proposition that VII bring such storm of resentment against the present Administration as this plan of retiring the green bacbB the government the currency of tho na- tion. the currency of the people.
 It was an extremely unwise actidn Of the American Bankers Association propose such action at shis time or at any future time
 Is 1t only the banks and bankers interests that are to be considered in the financial affairs of this Union
 The people of the United States not blind to the reason for this action by the Bankers Association and the majority of the people against injurious trusts and monopolies.
 The bankers and the bank shareholders of this country are SO far as numbers are concerned very small minority in this country. and they profit by deal lngs with an intelligent active, uptOdate population capable of doing It's own thinking upon financial sub lects a population which with every passing day, be- comes more convinced Of the ability of this government to serve 1t we'll honestly and faithfully in many busi ness affairs This population the people of tho United States sn whose hands lies tho governing knows that IS months have not elapsed since the bankers of this country were flying the Treasury of the coun try for financial assistance in the way of currency and that they were helped tho tune of hundreds of mil lions of money of their dear old Uncle Sam.
 It was the people of the United States who had the Treasury money ready assist Ehe banks in their days of financial straits and 1t is very unwse and un- grateful action In those banks now striving to retire tho peoples money SO that their combination may have less competition In currency and oain stronger hold upon the money power Of the country.
 The banks and the interests represented in the banks in this are taking step most dangerous for themselves at this tme for the majority of the people arc oi the opinion the banks created to serve the country not the country created to the banks
 The banks of this country are sounder now than ever In their history they stronger in financial resources they are making moro money than ever be fore since the establishment of the national bank tenn. they were saved IS months ago from all mora torium dangers by the use currency Issued to keep them by the United States Government, and although many of them are severely arragned by the cpmptro Ter of the currencsy for usurOus practices the majority of them We believe can show clean bll of health in that expect
 Then why arouse all the old antagonsms againaI the banks by striving to do away with the s24eoooUo of the peoples money Issued direct to the people by their own government, government tho people tnew to have greater resource than all the banks Of the try put together.
 Why not let well enough alone and proceed along the smooth lines laid out making money and declaring dividends and not attempting strike out of existence currency that surely and s good as the paper issues by which Uncle Sam saved their credit and their institutions In 1914?
 The people of the west and the south win not stand for this action by the present administration or any other administration of any party.
 They believe In the greenbacks and want more of them Instead of less.