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Favors Aldrich Monetary Plan Supported by Taft
President Taft promoted currency reform at banquets and on a tour in New York stressing the Aldrich plan for a National Reserve association. He argued the central bank must be nonpartisan and controlled by banks, not political forces, and outlined how the system would operate with national banks owning shares and government deposits.
MENTIONED IN THIS ARTICLE
New York
Taft
Manhattan Beach
Coney Island
Sea Gate Landing
Atlantic Yacht Club
Fall River
Providence
New York State Bankers’ Association
National Reserve Association
Aldrich Monetary Commission
Aldrich
Money Kings
Wall Street
Washington
Commission