The Providence news. (Providence [R.I.]) 1891-1906, 1896-04-08
BANKING RESERVES.
The Subject Discussed by Senator's
Teller and H0ar.
Bill Adopting Metric System Of Weights
and Measures Passed.

WASHINGTON, April 8.-Mr. Gallinger
.(Rep., N. h. read to the Senate today a
petition signed by the Mayor and Alder
men and many citizens of Portsmouth,
N. H., urging that the atrocities against
the.Christians in Turkey has reached such
a stage that the United States should
effect an alliance with Great Britain and
other Christian countries, with view OF
establishing a protectorate OF Christian
powers over Armenia, and IL need be TO
take Constantinopie. The petition also
deprecates the agitation between the
United States and Great Britain and Ven
ezuela and urged a speedy settlement.
Mr. Lodge (Rep. Mass.) gave notice
that he would take up the immigration
bill on the 10th inst, and Mr.. Nelson
(Rep., Minp.) said he would submit
some remarks on that subject.
The bill was passed granting PEN
sion OF sl0 "A month TO the widow Of Maj.
General Charles D.. Hamilton.
Something OF a debate on banking
came upon Mr.. Teller's request that bill
requiring national banks To keep their re-
serve in their own vaults be referred to
committee on finance. Mr.. Teller said
there was congestion OF money in the
large Eastern cities, growing out OF the
fact that the law permits bankers TO keep
their reserves I'm New York, drawing in
terest and thus taking the funds fro m
local use. He regarded this as very det-
rimental.
Mr.. Hoar (Rep, Mass.,) agreed with
Mr.. Teller that a reform was necessary.
Mr.. Merrill, chairman OF the finance
committee, said both the Senators were
mistaken, as banks OF standing did not
pay interest on reserve deposits.
Mr.. Hoar insisted that they did, and
cited the Boston banks, which, he said,
paid per cent. on outside deposits. The
bill went to committee.
Bills were passed authorizing q bridge
across the Cbsttahoochie river at or near
Columbia, Ala, for the improvement OF
the roads at Gettysburg National Park.
Mr.. Turpie (Dem., Ind, was then recog-
nized in support OF the joint resolution
OF Mr.. Cali for the sending of Unitd
States fleet TO the Cuban waters to pro-
tect Americans and to prevent Spanish
barbarities.
In The House.
The first thing in order after the read
ing of the journal in the House today
was the vote on the bill to adopt the
metric system of weights anu measures
In all departments of the go vernment
after January ], 1901, and TO make 1t the
only legal system after the date. The
bill was debated yeterday. 1t was finally
passed by a vote of 119 to III.
Mr.. Dockery (Dem., Mo-, moved to re-
consider and Mr.. Z. w. Stone (Rep., Pa, J
moved to lay that motion on the tatle.
The vote was taken by ayes and noes.
The motion to lay on the table tailed,
111-l36. The opponents of the bill follow
ed up their victory by pressing the mo-
tion TO reconsider, which prevailed l41-9e.
Mr.. Stone attempted TO withdraw the
bill. but Mr.. Dockery objected and insist
ed that after the time spent on the bill, it
should pe killed outright. MIR. Stone,
however, thought majority would vote
for the bill il il were amended I'm several
particulars and he therefore moved to
recommIt the bill, motion which was
carried 1905.