Publisher's Synopsis
Excerpt from Sound Vs. Soft Money: Address of Andrew J. Frame, President Waukesha, (Wis.) National Bank, Against Asset Currency in Reply to Addresses in Favor Thereof by Congressman Chas. N. Fowler, of New Jersey, and Hon. James H. Eckels, President of the Commercial National Bank
The Milwaukee Sentinel: Credit currency and branch banking did not meet with favor at the hands of the Wisconsin Bankers' Association. Strong arguments were presented in favor of elastic currency, based on the credit of the financial institutions and on their deposits by James H. Eckels, president of the Commercial National Bank of Chicago, and by Charles Fowler. Chairman of the committee on banks and currency, of the house of representatives, but even such high authority as this could not shake the faith of the Wisconsin Bankers that a currency based on such security was not what the people wanted. It was combatted by A. J. Frame, of Wauke sha. And the resolutions adopted at the close of the afternoon session show that he had the best of the argument, so far as the jury to which he made his appeal was concerned.
Dr. Amos P. Wilder in the Madison State Journal: Theorist and practical man in one is A. J. Frame, of the Waukesha National Bank The immense deposits in his bank are the won der and envy of institutions in many larger Cities. Trained to the business from boyhood. The impression is strong that as a banker he is unexcelled To his business capacity Mr. Frame adds power as a logical and forceful writer and speaker. By his participation in national financial councils, Mr. Frame has done Wisconsin much credit.
The Chicago Tribune refers to the address as one of the notable features of the day's se sion. Further says: The anti-asset currency forces were led by A. J. Frame. President. Of the Waukesha National Bank, who in a strong speech characterized asset currency with its boasted elasticity to be nothing else than a system of stretched rubber currency. With the elasticity all gone.
The Chicago Banker: A. J. Frame, of Waukesha, in a masterful argument attacks credit currency as advocated by Congressman Fowler. And further says: Mr. Eckels did not remain long unchallenged, for that veteran economist, Andrew J. Frame. Of Waukesha. Was on the pro gram for an address on Sound versus Soft Money.' He handled his subject from a statistical standpoint, and marshaled convincing fi res from our own and other nations banking systems to rove the fallacy contended for by Mr. Ekels and later in the day by Mr. Fowler. Mr. Frame' ad ress was highly approved by the delegates present, as could readily be seen by their nods and words of approval.
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