Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-12-26
AUSTIN.
hristmas At the Capital--A Hors,
ShOt--The Gun Tournament


Austin, December 25.--,rhe depsrt.
ments were all closed to-day and ser.
vices we've held at all the churches
inc university faculty was banqueted
by Gov. Ireland this evening.
a valuable horse belonging to Mrs.
Baker was killed in Longs livery
stable last night by stray shot. 1t Is
known who fired IL.
At the Methodist service to-day
vi 800 was raised for the new church.
One man contributed 81 900.
The gun club had prize tourna-
ment this evening, Ryan winning
first money.
The fire alarm was given this morn
ing. about . o'clock, but the burning
building proved to be an clubhouse of
the Southern hotel.
TWO FINANCIAL PLANS.
The proposal of Comptroller Knox
to take oil one per cent tax on circula-
ton and allow banks to issue on market
value instead OF par value is not favored
| by the chairman of the banking and
currency committee. Buckner says If
the plan of Knox is successful in
avoiding contraction of circulation of
bank notes, it will afford but tempo
rary relief, and in seven years from
the present, when it becomes necessary
to begin redeeming the a. per cent
bonds there will be a recurrence of the
present trouble. The national
bank system cannot live without
national banks, and as that debt il be-
ing wiped GU gradually and certainly,
Buckner is OF the opinion that the
| a nS tn g.
nent circulation. He Is not favorably
inclined to the removal of the tax on
circulation, giving rs n reason that
while in the Eastern states where in
tarest is low circulation is not valuable,
but the franchise of bank is valua-
bic, and worth all the government
asks. In the Western states
} Bucliner says the franchis,
is still more valuable be
cause the rate of interest is higher
The originator of the proposed meas
ure is doubtful whether Legislation
upon the subject will be presented al
l this session, owing to diversity o
2 opinion among members. Dingley
f who leads the list of Republican mem
; bers of the committee on banking anc
. currency, said tonight that the mos
s important question in relation to ma
: tional banks is that providing for sta
a bility of circulation. He thought bu
: two of the plans proposed t
e this end were practicable. Ont
0 was TO provide for the i,su,
of circulating notes to the amount o
i 10 per cent. of the market values o
e bonds deposited TO secure circulation
k and after "A hasty examination of tn
= list of members of the committee, h
l. said ii WAS his opinion this plan wa
.e more likely to find favor with III
d committees. He would not ventur
an opinion ms TO the treatment the oti
er plan he had il his mind, which wa
to take the tax of ofcirculation, woul
- probably receive from the committees
-. :. BY Associated Press.
q. A GREENBACli BILL.
0, Buckner, chairman Of the c0mmi
y tee on banking and currency, is pr
n pairing bill to introduce when col
T. gress re-convenes, which provides f
A. Issuing treasury notes without u
a. legal tender quality to take the rla
N of bank notes now going out of exi'
ss ence. The purport of the measure
De the same rs the bill introduced |
d Bucliner at the first session of the la
I, congress,