President Wilson's Banking and Currency Address Report
The passage reproduces President Wilson addressing Congress on banking and currency reform. He argues for a flexible currency, public control of the system, and elimination of monopolies, urging swift action and warning against partisan manipulation. Critics claim the message lacks details and danger of executive overreach, while defending centralized oversight to prevent regional imbalances. The debate centers on Federal Reserve structure, regional banks, and the role of government versus bankers.
MENTIONED IN THIS ARTICLE
Congress
Aldrich Inepocery Commission
Bryan
Glass replies to critics over currency bill pressed by bankers
Representative Carter Glass, chairman of the House Banking and Currency Committee, defends the forthcoming currency bill against criticism. He notes public discussion has been premature, promises justification at the proper time, and argues that bankers fears of credit contraction and inflation from the reserve provisions are conflicting and likely overblown.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Carter Glass
House
Banking and Currency Committee
Glass
New York
Owen
Burton
Ohio
Aldrich Monetary Commission
A. Wolfing & CO
Irving PI
Bauer Chemical Co
Forgan Denounces Bill At Bankers Meeting
James B. Forgan president of the First National Bank and Chicago Clearing House chairman denounces the Administration currency measure as unworkable predicting banks would abandon federal charters for state status. He cites loss on 2 percent bonds and political control as unacceptable risks for bank directors.
MENTIONED IN THIS ARTICLE
New York Times
Chicago
James B. Forgan
First National Bank
Chicago Clearing House Association
Congress
Forgan
American Bankers’ Association
Bankers’ Conference
Atlantic City
Bankers Clear Up the Currency Plan
Nine members of the Currency Commission of the American Bankers Association met at the Waldorf and drafted modifications to the Administration currency bill to align with bankers views without sacrificing principles. They aim to present the suggestions to Senator Owen and other leaders, seeking a compromise on Federal Reserve supervision, government credit backing, and reserve requirements while preserving banker management of operations.
MENTIONED IN THIS ARTICLE
Wilson
White House
Meneex
New Jersey
Supreme Court
Court of Errors and Appeals
Federal Reserve
Currency Commission
American Bankers’ Association
Waldorf
Senate Committee On
Owen
the Waldorf
Lass
House Committee
Bankers’ Currency Commission
Federal Reserve Board
United States
Atlantic OT
Interstate Commerce Commission
William J. Bryan
Democratic Party
Federal Reserve Treasury
Bryan
Interior Half-Price Aid To Reclamation Cultivators
Secretary Lane announced a policy giving special consideration to farmers who cultivate land on Government reclamation projects. Eligible settlers will pay one third of final building charges with a minimum 50 cents per acre, and unpaid balances will be added to last water right installments. Eligibility requires full payment of operation and maintenance by Dec 1, cultivation of at least five acres per irrigation season. The policy favors irrigation farmers over land speculators.
MENTIONED IN THIS ARTICLE
Washington
Interior Department
Lane
Doremus Elected Democratic Congressional Committee Chairman
Washington reported the Democratic Congress Committee chose Representative Doremus of Michigan as its Chairman by a 30 to 24 vote. The selection aligns with President Wilson’s favored choice to lead the party’s congressional campaign for the coming mid term.
MENTIONED IN THIS ARTICLE
Washington
Democratic Congressional Committee
Doremus
Michigan
Democratic National Committee
Wilson
Cline
Sabaentiness
Lioyd
Eeehairman
Harpo
Congress
Chicago
Million in Gold From Alaska Reported Seized
Seattle dispatch says a million dollars in gold from Alaska is involved in a seizure case dated June 23, with authorities reporting the discovery and ongoing investigation.
MENTIONED IN THIS ARTICLE
Alaska
Seattle
Train Schedule Notice to Chi or Pennsylvania Station
A fragment lists a Pan Handle Limited service from Hudson Terminal 12204 to Chicago with 12 00 departure and 15 50 arrival plus a half day sleeping car option.
MENTIONED IN THIS ARTICLE
PAN Handle Limited
Vania
Chi- Sean Aowen
Pennsylvania
Hudson Terminal
Chicane
E-Mortow
Sted
San Francisco Water Fight Sets Hetch Hetchy Battle
San Francisco moves toward a $77 million Hetch Hetchy dam plan to supply the city’s water, with a $42 million bond issue approved. The project faces opposition from John Muir and allies who call it a grab, while California’s congressional delegation backs a new bill. hearings with Interior Secretary Lane and others are planned.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Congress
San Francisco
Sierra Nevadas
Hetch Hetchy Valley
Golden Gate
Yosemite National Ark
Sierras
Hetch Hetchy
John Muir
Yosemite
Hetchetchy
California
Robert Underwood Johnson
New York
Baker
San Fancisco
House Public Lands Committee
Interior Lane
Agriculture Houston
Forester Graves
Smith
Geological Survey
Newell
Commission rejects Pisgah Forest land purchase
The National Forest Commission declined to buy the Pisgah Forest tract of George Vanderbilt’s Biltmore estate in North Carolina after reviewing the price and timber-cut contracts. It approved two other acquisitions totaling about 6,000 acres in North Carolina and New Hampshire, bringing its purchases since inception to over 600,000 acres.
MENTIONED IN THIS ARTICLE
Washington
Pisgah Forest
George Vanderbilt
Biltmore
North Carolina
National Forest Commission
Appalachian Forest Reservation
Mount Mitchell
White Mountain
New Hampshire
Commission
Public notice on Partial Payment Plan clarification
Public advisory states the agency clarifies difficulties with the Partial Payment Plan and invites affected individuals to contact representatives for options and guidance. The notice underscores accessibility of assistance and outlines steps to request alternative arrangements.
Sugar Fight Opens In Tariff Caucus
The Democratic Senate caucus advances the Tariff bill with the sugar schedule, pitting free sugar against protection as Shafroth and Walsh oppose the provision while Newlands shifts to support the majority. The Finance Committee revises items, and income tax debate awaits Simmons briefings with New Yorkers protesting diamonds duties.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Senate
Ransdell
Louisiana
Newlands
Nevada
Aleft
Congress
Democratic Congressional Committee
Simmons
Senator Pursues Amendment on Cotton Schedule Tax
The text notes that an additional punishment by imprisonment from one to three years could be imposed for unincorporated associations. Senator Clarke plans to push his amendment before the caucus when the cotton schedule is reached. It parallels a Cummins proposal for a special tax on all commodities traded through stock exchanges or boards of trade.
MENTIONED IN THIS ARTICLE
Ind
Wilson
Clarke
Cummins
Stock
Boards O Trade
Application for Receiver for The Watchman Paper
Boston June 23 An application for a receiver for The Watchman a Baptist denomination paper was filed in the Supreme Court today by Rev Dr George S Horr of Newton Theological Institution and other creditors.
MENTIONED IN THIS ARTICLE
Boston
Watchman
Supeme
Eorge S. Horr
Newton Theological Institution
Jack Johnson Granted Appeal by Judge Carpenter
CHICAGO June 23 Judge Carpenter grants an appeal for Jack Johnson the black heavyweight boxer sentenced to a year in prison for violating the Mann White Slave act.
MENTIONED IN THIS ARTICLE
Jack Johnson
Chicago
Carpenter
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United
Beason
Tomtom
Representative Mann
Ieader
Committee of the House
Bill
J. Wilson
Fede Board
N Nt
Federal Board
Public Utilities Commissions
Eree
Burspeaks
Aldrich
Gilbeys
London
Park & Tilford
Acker, Merrall & Condit Co
Charles
Atr Club
Saaldenare
Milo
Senate Committee
Okineey
New York State
Pennsy
A. Barton Hepburn
Behal
Hepburn
American Bankers Association
Atlantic
New Orleans
E. L. Howe
Princeton Bank
John Perrin
Perrin, Drake & Riley
Los Angeles
Levi l L. Rue
Philadelphia National
George M. Reynolds
Continental and Commercial
Arthur Reynolds
Des Moines National
Festus J. Wade
Merchants Trust Company
St. Louis
Col
Fred E. Farnsworth
The
Association
Vanderbilt
Pisgah Tract
Odd Lots
New York Stock Exchange
Broadway
Uptown
Rocky Mountain
Colorado
Espereas Steel Ss
Denver
Colorado Springs
Awulfing&c
Irving Place
Caucus
Vision
Ing
John Wood
J. R. Wood & Sons
Lee Reichman
Reichman Brothers
Arthur Lorsch
Albert Lorsch Company
H. Levy
Arkansas
of the Treasury
Touraine
J. R. Whipple CO
Parker House
Young’s Hotel
Royal Estate
Selters
Niederselters
Habicht, Braun & CO
Hudson & Laight
Sts
Kewanee
N. Y
West
Dramae
Charles W. Boyt
Low Beown
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