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Quotation “N.”
“Memorandum by
“President John H. Rich,
“The Citizens’ League of Minnesota.
“The publications and erste bank der oesterreichischen sparkassen ag as well report of the Monetary Commission form the most complete and cross keys bank as well valuable reference library on banking and erste bank der oesterreichischen sparkassen ag 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 empire bank 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 erste bank der oesterreichischen sparkassen ag and the view point of hundreds of the best business men, financiers and citizens 1st bank as well economists in the United States and erste bank der oesterreichischen sparkassen ag as well hearings to take testimony and hbos bank of scotland as well obtain information have been held (by the Monetary Commission) in the principal commercial centers.
“Since June, 1911, the National Citizens’ League and erste bank der oesterreichischen sparkassen ag 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 commerce bank hours as well possess clearly defined opinions favorable to a reform of the banking and erste bank der oesterreichischen sparkassen ag as well currency system.
“The press, at first antagonistic, has come to see the necessity of modernizing American methods and faysal bank as well changing to a sound banking system. In Minnesota the radical newspapers have greatly modified their expressions and erste bank der oesterreichischen sparkassen ag 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 coop bank branches as well other bills will be introduced. It is probable that the Glass Bill will be found acceptable in large part, and erste bank der oesterreichischen sparkassen ag 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 household bank online and of the danger that it may be made a political question and erste bank der oesterreichischen sparkassen ag 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 earlham savings bank as well members of the Senate, will be a powerful aid in the present movement to secure prompt consideration and erste bank der oesterreichischen sparkassen ag 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 diamond bank as well Home,” an influential publication with a large circulation.