...drawn on in time of trouble ; and, finally, that " the control of the system of banking and of issues which our new laws are to set up must be public, not...business and of individual enterprise and initiative." U'e cannot too often repeat that we are in hearty accord with the last-stated principle of Federal...

...set up must be public, not private, must be vested In the Government Itself, so that the banks may he the Instruments, not the masters, of business and of Individual enterprise and Initiative. The Owen-Glass BUI.— The Federal Reserve Act was introduced on June 26, in the Senate by Senator Owen...

...personal and corporate dealings. Our banking laws must mobilize reserves; must not permit the contraction anywhere in a few hands of the monetary resources...the instruments, not the masters, of business and of industrial enterprise and initiative." Commended by Investment Bankers. —At a meeting of the board...

...Currency reform was the proper adjunct of tariff reform. As to the character of the measure he said: "The country has sought and seen its path in this...and of individual enterprise and initiative." The address concluded with a frank avowal of his own part in the proposals, and at the same time made a...

...personal and corporate dealings. Our banking laws must mobilize reserves; must not permit the contraction anywhere in a few hands of the monetary resources...the Instruments, not the masters, of business and of industrial enterprise and Initiative." Commended by Investment Bankers. —At a meeting of the board...

...more legitimate, more fruitful uses. And the control of the system of banking and of issue which our laws are to set up must be public, not private, must...business and of individual enterprise and initiative. * * *. —From President Wilson's address to Congress, April 23, 1913. BUILDING A CONSCIENCE INTO BUSINESS....

...issue which our laws are to set up must be public, not private, muut be vested in the Government iuclf, so that the banks may be the instruments, not the...business and of individual enterprise and initiative. * * *. — From President Wilson's address to Congress, April 23, 1913. DUILDINd A CONSCII-NCn INTO...

...country or their use for speculative purposes in such volume as to hinder or impede or stand in the way 5 of other more legitimate, more fruitful uses. And...the instruments, not the masters, of business and of 10 individual enterprise and initiative. The committees of the Congress to which legislation of this...

...constructive also. We must show that we understand what business needs and that we know how to supply it. Our banking laws must mobilize reserves; must not...business and of individual enterprise and initiative. Address before Congress on the Banking System, 1913. WE must make changes in our fiscal laws and our...

...President Wilson read in person to the extra session of Congress his currency message, in which he said: The control of the system of banking and of issue...business and of individual enterprise and initiative. As opposed to this view the bankers held that they were obliged by the bill to enter the system, or...