The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1897-12-16
PROGRAM CURRENCY COMMITTEE.
ceedure Before House-The Bankrupt
cy Bill Reported.

Washington. December 15.-The House
ommittee on banking and currency held
an animated session today. 1t had been
plannedMto report to the s.House at once
q bill ernbodying the Presidents finan-
cial recommendations and Mr.. Brossius,
from subcommittee, made favorable
recommendation on this course of proce-
dure.
1t was sharply opposed, however, by
Messrs. johnson of Indiana, Mitchell of
New York and Newlands of Nevada. 1t
was evident the committee could not
agree, A compromise =. was made by
which the bill covering the Presidents
recommendations and the bill of Secretary
Gage and that of the Indianapolis none
tary commission shall be taken up at the
first meeting after the holidays.
1t was also agreed that after hearing
Secretary Gage tomorrow the committee
would adjourn until the second Wednes-
day in January.
Mr.. Walker made statement in which
he said that the people didn't want all
the treasury notes retired, and that they
wanted the government to control the
issue of currency and guarantee final
payment.
MIR. Chandler of the committee on naval
, affairs today, reported to the Senate ia
vorahly bill directing the Secretary of
the Navy to consider and report upon
the subject of a statue in Washington of
the late Admiral David d. Porter. The
bill itself was passed.
Chairman Boutelle of the House COM
mittee on naval affairs, has appointed the
following chairmen of subcommittee
Appropriations for naval establishment,
Boutelle of Maine; organization rank
and pay Gloss of Illinois; ordinance and
navy yards. Hilborn of California; con-
struction, repair and steam engineer
| ing, Boutelle of Maine; navigation and
equipment, supplies and miscellaneous
Bull of Rhode Island; naval academy and
marine corps, Bull of Rhode Island pri-
Yate bills, Dayton of West Virginia.
The House judiciary committee agreed
on bankruptcy bill today and it will be
reported to the House this week as early
as possible. The committee was in session
throughout the day and the measure
agreed upon was practically the Hender-
son BILL There were two important
changes from the bill as reported by the
subcommittee. The bill as drawn pro-
vided in effect that lien created by
Judgment and levy or by attachment
within four months of the adjudications
in bankruptcy should be void or If en-
forced go for the benefit of the creditors.
and also that all money collected by the
enforcement of such a lien should be
paid over to the trustee when appointed
This is modified so that these liens will
not be affected unless obtained in fraud
of the act. The provisions of the bill
,;-I,, Ii
imprisonment were also modified by
making many of such offences cause FOR
refusing to discharge in bankruptcy in.
stead of punishable otherwise.
In the executive session of the Senate
today treaty between this country and
Mexico extending for a year the time for
marking the boundry line between the
two countries was received and referred
to the committee of foreign relations
without being read.
CALL ON isSPEAKER.
Washington, December 15.-The com
mittee from the National Board of Trade
in charge of the currency resolution and
the bankruptcy bill called on Speaker
Reed tonight to present the two measures
with the endorsement of the board and
learn if possible, what the chances would
he before the House Mr.. Reed did not
hold out much encouragement In the line
of financial legislation, but intimated
that there would be more chance for the
bankruptcy bill after the holiday recess.
BUSINESS MEMS CONVENTION.
Washington, December 15.-The con-
vention Of business men which met In
Indianapolis last January and authorized
the appointment of the monetary com
mission will be called together again for
the purpose of considering the commits
sons report. The new convention will be
held in Indianapolis on January %.
| pRESInENr IN W ASuINCnON