Some of this was chronicled in the reports of the National Monetary Commission (1909–1912), which was created by the Aldrich–Vreeland Act in 1908. Included in a report of the Commission, submitted to Congress on January 9, 1912, were recommendations and draft legislation with 59 sections, for proposed changes in U.S. banking and currency laws.Report of the National Monetary Commission . January 9, 1912, letter from the Secretary of the Commission and a draft bill to incorporate the National Reserve Association of the United States, and for other purposes. Sen. Doc. No. 243. 62nd Congress. U.S. Government Printing Office. 1912. The proposed legislation was known as the Aldrich Plan, named after the chairman of the Commission, Republican Senator Nelson W. Aldrich of Rhode Island.
Some of this was chronicled in the reports of the National Monetary Commission (1909–1912) which was created by the Aldrich–Vreeland Act in 1908 Included in a report of the Commission submitted to Congress on January 9 1912 were recommendations and draft legislation with 59 sections for proposed changes in US banking and currency lawsReport of the National Monetary Commission  January 9 1912 letter from the Secretary of the Commission and a draft bill to incorporate the National Reserve Association of the United States and for other purposes Sen Doc No 243 62nd Congress US Government Printing Office 1912 The proposed legislation was known as the Aldrich Plan named after the chairman of the Commission Republican Senator Nelson W Aldrich of Rhode Island