Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-12-15
MIR. GAGE TO EMBODY HIS VIEWS IN
ONE GENERAL BILL,
TO HAVE 1T READY THURSDAY.
WILL ARGUE IT'S MERITS BEFORE
THE BANKING COMMITTEE.
Another Bill, EmbodyinG The Prrsi-
dcnI's Three Rcrommc ndaiions,
TO BE Reported mt once-A
Strained situation
Relieved.

Washington. Dec Ii.-Secre,ary Gage will
appear before the house committee on
banking and currency on Thursday and
Submit 10 thom. in the form Of a general
bill, his Recommendations recently made 10
congress.
The determination Of Secretary Gage TO
submit one general financial bill, instead Of
a number Of separate bills. brought out
many expressions of satisfaction. 1t had
the effect Of clearing up the situation,
which was becoming strained, and gives
promise of an early report to congress on
financial bills.
The understanding was reached re
sglt Of visit to the capitol of the solicitor
of the treasury. Mr.. CouncH, representing
Mr.. Gage. He talked with a number of the
Republican leaders and. il is understood.
WAS advised 10y Mr.. Dinsley and others
that IT would he desirable to embrace fiuan-
cial subjects in one general bill.
Later the solicitor met Chairman Walker
and other members Of the committee on
banking and currency. and a general con-
ference vas held as TO what should be
done. IL was made known that Mr.. Gage
preferred to let the subject so ove- until
after the holiday recess. The committee
urged. however. that ii desired TO take the
Gage bill and also that submitted by the
monetary conference under consideration
during the holidays. i'm order 10 he in n po-
sition 10 report progress when the house re
convened after the recess. II was decided.
therefore, that Mr.. Gage should submit
his measure Thursday and appear in
person to explain and argue its merits and
answer questions from the committee. 1t
was also made clear that the secretary
would cover all his proposals in one gener-
al bill instead of cutting the subject up.
This arrangement gave general satisfac-
ton and. having accomplished this much.
tie members of the committee convassed
the course they would take 10 making
an immediate report to the house on the
currency questions. 1t was decided that
the first thing to be done was to report a
bill embodying the three features recon-
mcnded by the president. viz: a reduction
OF the tax on circulation TO one-half of
per cent: the issuance of circulation up to
the par value of bonds deposited. and the
establishment of small banks in rural COM
munitieS.
While these will be embodied I'm the Gage
plan, yet, as they were specially advised
IL the presidents message. ii was felt to
be advisable to give the house the oppor-
waiting for the report on the Gage bill
FoI these reasons. the fun committee viii
be aksed TO report on the presidents plan
at once. The draft Of bill has been pre-
pared by Mr.. Brosi,is. of Pennsylvania. and
this WAS given to the solicitor of the treas
ury, who is to return ii In time for action
iN the committee, with such suggestions
az the treasury authorizes may wish to
make. As TO the comprehensive Gage bill
tEis and the monetary conference bill will
be gone over with care during the holidays
and as Il result Of The bitter feeling ere
ated to-day. members of the banking and
currency committee say there l. no fur
1her doubt that action will he reported to
the house soon after the holidays.