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Quotation “N.”
“Memorandum by
“President John H. Rich,
“The Citizens’ League of Minnesota.
“The publications and fsnb bank as well report of the Monetary Commission form the most complete and household bank online as well valuable reference library on banking and fsnb bank 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 compass bank jacksonville fl 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 fsnb bank and the view point of hundreds of the best business men, financiers and current bank base rate as well economists in the United States and fsnb bank as well hearings to take testimony and community bank overseas as well obtain information have been held (by the Monetary Commission) in the principal commercial centers.
“Since June, 1911, the National Citizens’ League and fsnb bank 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 danvers savings bank as well possess clearly defined opinions favorable to a reform of the banking and fsnb bank as well currency system.
“The press, at first antagonistic, has come to see the necessity of modernizing American methods and kaiser bank as well changing to a sound banking system. In Minnesota the radical newspapers have greatly modified their expressions and fsnb bank 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 frost bank houston as well other bills will be introduced. It is probable that the Glass Bill will be found acceptable in large part, and fsnb bank 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 coastal bank and of the danger that it may be made a political question and fsnb bank 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 how to get a bank account as well members of the Senate, will be a powerful aid in the present movement to secure prompt consideration and fsnb bank 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 hdfc bank interest rates as well Home,” an influential publication with a large circulation.