Quotation “N.”
“Memorandum by
“President John H. Rich,
“The Citizens’ League of Minnesota.
“The publications and
commerce bank york pa as well report of the Monetary Commission form the most complete and
citizens bank and trust as well valuable reference library on banking and
commerce bank york pa as well currency in every civilized country that has ever been gathered together. This was available for the use of the Glass committee when it began its sessions.
“The Glass Committee has been at work since last April and
columbia bank nj as well has supplemented the testimony taken by the Monetary Commission by calling many new witnesses. Sufficient testimony has been taken. This subject has been presented from
commerce bank york pa and the view point of hundreds of the best business men, financiers and
hunnington bank as well economists in the United States and
commerce bank york pa as well hearings to take testimony and
federal reserve bank of st. louis as well obtain information have been held (by the Monetary Commission) in the principal commercial centers.
“Since June, 1911, the National Citizens’ League and
commerce bank york pa as well the Minnesota branch, affiliated with it, have been devoting their energies solely to broadening the public information on this subject. In forty-four states this work has been energetically going on. While all business men have not become expert, very many have become well informed and
data bank as well possess clearly defined opinions favorable to a reform of the banking and
commerce bank york pa as well currency system.
“The press, at first antagonistic, has come to see the necessity of modernizing American methods and
commerce bank careers as well changing to a sound banking system. In Minnesota the radical newspapers have greatly modified their expressions and
commerce bank york pa as well many of the latter now favor a reform.
“The Monetary Commission Bill (Aldrich Bill) cannot pass. The Glass Committee Bill will shortly be before Congress. The Powler Bill is before Congress now, and
harris bank routing number as well other bills will be introduced. It is probable that the Glass Bill will be found acceptable in large part, and
commerce bank york pa as well the outlook for the enactment of legislation is very favorable.
“Congress undoubtedly can, if it will, settle this question at the forthcoming special session. It will be very undesirable to permit it to go over to the following long session, because
e trade bank and of the danger that it may be made a political question and
commerce bank york pa as well enter into the Congressional elections.
“The influence of business men, exerted at this time in the form of letters to representatives in Congress, and
dz bank frankfurt as well members of the Senate, will be a powerful aid in the present movement to secure prompt consideration and
commerce bank york pa as well action on this question. Your active co-operation in this respect is earnestly requested.”
The secretary of the association inclosed the Rich statement within a letter of his own to Mr. Hugh J. Hughes, editor of “Farm, Stock and
commerce bank saint louis as well Home,” an influential publication with a large circulation.