Articles liés à Lower Our Standard? Never!
Présentation de l'éditeur
The Fallacies of the Currency Tlan of The A meri can anlers Association Committee. I thank God that the press of this country is open for a free discussion of all important subjects. I grieve to disagree with some of my good f1 lends, but I yield to no man in patriotism, therefore as I am not hunting for office I do not fear to charge some of the leaders of the great American Bankers Association with side tracking free discussion of the all important irrency question at the last annual meeting in St. Louis. Although open discussion was announced upon the program for Wednesday and also on Thursday, all discussion was postponed from Wednesday to Thursday except two addresses, both favoring asset currency, and then from Thursday to Friday as a special order al 10 A. M. Even then two addresses on other subjects filled the period till 11 A. M., and because the Association was to adjourn at 1P. M. discussion was limited to five minutes for each si Haker. How could any one expect anything like an intelligent or free discussion of this topic under such conditions? From free comments on the part of members on every hand during the convention, one could draw no other conclusion than that the perpetuation of place and power for the insiders rose higher than weighty matters of groat import to the nation. The wire pulling could almost out-T ammany Tammany. It did not cease after the convention adjourned, but packed a currency committee which brought forth what consistently can be called a wild cat currency plan that Congress would not swallow. Perhaps the members of Congress had been listening to the ground-swell against the heresy of an unsecured currency. Perhaps they had been reading the history of the distressing results of the issue of credit or asset currency by banks generally during the 18th and even pasr the middle of the 19th century, the issue of which seemed
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