Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-12-23
CURRENCY BILLS.
Every Member of the Banking Com.
mittee Has Measure OF Reform.
KLONDIKE MINERS RELIEF.
The First Expedition May Start from Dyea
About February Ia Bill Pending
for Proposed Vicksburg
Military Park

SOLhhlgICC Ou OuuhlHB anu CuIICuC
will have something to consider be
sides the financial scheme of Secretar
Gage. Every member Of the commit
tee has plan, either completed or t
be perfected during the holidays. AL
phases of the currency problem ar
treated in one or other of these meas
ures. The most elaborate is bill o
Chairman Walker, ITO so change tn
national bank act as to secure the PEG
pie in all sections of the country al
equal opportunity to freely use pape
money" The title of another bill OF
fered by Mr.. Walker (by request) is
'"TO modify the national banking law
SO as to provide the people with a safe
ample, elastic and cheap currency" 4
third is, ITO call in and cancel thu
paper money now injuring the pros
perity of the country"
Mr.. BrOsius, of Pennsylvania, has in
trodnced two bills, one of which is
80 increase the circulation of nation
al banks and promote the redemption
OF legal tender and United States
treasury notes"
Mr.. Cox, of Tennessee, is the author
OF three currency reform bills. One is
for the repeal Of the tax on state banks
aUd state bank associations; the Sec
ond is "For the better control of and
to promote the safety Of national
banks" and the third is, $50 regulate
national currency and to provide for
national money"
Gen. Bingham, of Pennsylvania, has
introduced bill authorizing The Issue,
of circulating notes to national bank
ing associations to the par value of the
bonds deposited by them, and reduc-
ing the taXon circulation to one-fourth
of one per cent. per annum. He has
also offered bill to refund the green
backs and treasury notes with bonds
bearing interest at he rate of two per
cent, and for other purposes"
The bill offered by Mr. Hill, of Con.
necticut, provides for the issue of cir
culation to the par value of the bonds
deposited and for the reduction of the
tax on national bank circulation to
one-fourth of one per cent. per annum,
and also authorizing the organization
of national banks in small towns, and
amends the national bank extension
act of 1882 by repeating the provision
which limits the withdrawal of circu.
lation by the deposit of lawful money
to $4,000, 900 month.
One of the more elaborate bills pend
ing is that offered by Mr.. Fowler, of
New Jersey. Ito amend the national
bank act, take the United States gov
eminent ont of the banking business,
refund the national debt, reform the
currency, insure depositors, improve
and extend our banking system and to
provide funds in case of deficit"
William Alden Smith, OF Michigan,
has introduced four bills to amend the
national banking laws, and Mr. Skin
ner, North Carolina populist, has OF
fered one directing the issue of BIZ
metallic certificates and to maintain
the parity of gold and silver at the
present legal ratio"
Mr. Lewis, of Washington, is of the. |
opinion that the existing laws for the
protection Of depositors in natidr
banks are inadequate, and be al
fered bill to cure eSsS3i,. as Of
Mr.. Jenkins of Wiscoasir Z defects.
tuced bill authQEizip> D, has intro
bank, with the al33r any national
tary Of the tre#sS' val of the secre-
ing notes to, me ", to issue circulat-
IF its carji4hj ull amount and value
to the. ,ISse stock BY first delivering
,ecp54Ey airy of the United States as
e. 6Ssr therefor any United States
cer' red bonds, greenbacks, gold
: ..Hcates, silver certificates, treasury
.otes or silver dollars coined prior to
March 4, 1899, to an amount, face value,
equal to its capital stock
Mr. Mccall, of Massachusetts. has
offered (by requesD Il bill! to provide
for uniform currency.
ReI-r Expedition to The Klondike.
WAruINGTuN. Dec. aI.-The eXpedi.
| lions when VIII Oe sent IL the relief
| of the starving miners in the klOndlke
will be remarkable in many respects.
Snow locomotives are to be used for
beating trail and GOD reindeer will
be purchased for hauling most of the
supplies. Ten snow locomotives, with
sled trains. are at the service of the
war department Secretary Alger,
who will have the relief appropriating
at his disposal, believes that these
locomotives can be used part of the
way to the Klondike. This owners say
that their machines will beat down
the snow and ice on the trails, make a
GOOD track for reindeers and dog teams
and haul big sleds at q good rate Of
speed. Secretary Alger says that he
intends TO send a number Of relief
parties to the Klondike, perhaps more
than dozen. He hopes that the first
party may start from Dyea about
February /.
Propo.-d VicksburE Military Park.
WASHINGTON. Dec. u The war dc.
partment Is encouraged over the pros.
] pect Of establishing a national mill