Proposals for a Government-Owned Central Bank

Archive Report

Movement for a New Bank of the United States

Five Bills for the establishment of a government-owned central bank were offered at the last session of Congress.1 Three of the bills were introduced by Democratic members of the House; one—the last bill of the Congress—by the chairman of the Committee on Coinage, Weights, and Measures. The Senate bills were offered by Senator Cutting, independent Republican, on June 5, and Senator Thomas, author of the Thomas inflation amendment, on June 15. The session closed on June 18. Reintro-duction of all these bills in revised form—and the offering of many more to the same end by other members—is expected when the new Congress meets in January.

Senator Fletcher, chairman of the Senate Banking and Currency Committee, said on ...

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