The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-09-21
ABOUT THE BANKS
Johnson Wants the Banks to Have
Full Sway.
He Claims That His Bill Will Give Relief
to All at Once.
KNOWS THAT ALL WILL BE WELL
Many Schemes Which Will Be Pre-
scented to the Country.

MANY Schemes which Will Be Pre-
sented to the Country.
WASHINGTON, Sept. 81 Especial j
Representative Johnson, Of Indiana, who
is a member of the committee on banking
and currency, and who has introduced in
the house a bill giving national banks
circulation to the full par value of bonds
deposited, believes that through this cir
culatiOn lies one of the speediest and
quickest ways of affording relief to the
money stringency, and since he has voted
for the unconditional repeal of the silver
purchasing law, he says he would be glad
to do all in his power to provide a steady
increase Of the circulating medium in
some other direction.
81 do not know that the committee on
banking and currency will take early
action upon my BILL" said Mr.. Johnson
to THE GLOBE correspondent to day, cor
that it will act upon it any time, but l
feel satisfied that as soon as the senate
disposes of the silver repeal bill the house
committee on banking and currency will
take hold of the financial measures before
it and will soon thereafter produce N
thing. | think it is a good idea for those
interested in financial matters to MAKE
every plausible suggestion to the COM
mittee, as it is seeking information and
proper action when it is necessary to
begin work.
NATURALLY the committee will defer
consideration of the various financial
measures before it until it is known just
what the outcome of the silver repeal
contest will be. 1t is possible that some
amendments may be made to that bill
which will dispose Of a part of the plans
already suggested to the banking and cur
rency committee. | believe that there
will be some important banking and cur
rency measures reported from the com
mittee within the mex few weeks and
that we shall have financial legislation
intended to relieve the country"
1t is the belief of most men in congress
that the bill to give national banks par
value of circulation will in some form be-
come a law within the next few months,
and it is more than likely that in the same
connection there will be some amend.
ments made to the national banking laws,
like the one providing against excessive
loans to bank officials and permitting
banks to haddle their surplus and I'm
divided profits upon a different basis.
The general impression in Washington
is hat there will soon be effected some
sort of compromise on the silver repeal
bill in the senate.
1t is believed the ways and means com.
mittee will report the tariff bill in the
house by the 2Gth of October. The hear
ings given manufacturers by the com
mittee close on next Wednesday. Sugar
will be heard on Tuesday.
Senator Allison's speech yesterday is
said to have bad the most influence of
any speech delivered in favor of silver
repeal.
The president says he will 0 GO gun
ming till the silver bill is out of the way.
The republicans have abandoned the
campaign in Virginia to the populists.
There are but two tickets in the field in
that state.
The True Laxative Principle