The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29
BhrgER NAMING SYSTEM.
No Patchwork Bills Wanted-Enorts t.
get the Best

No Patchwork Bills Wanted-Efforts to
Get the Best.
WASHINGTON. d. c.. Jan. 2S.-The
Post OF this morning prints the follow
ing:
The House Committee on Banking and
Currency will follow the example OF the
Ways and Means Committee and viii
prepare az this session a bin for "a more
perfect financial and banking system
for the country. 10 be submitted TO the
next Congress at tho expected cN-
ira session. The measure which II Is
expected to perfect will embody all the
best features Of the existing national
banking system. with many improve
ments suggested by experience. and an
effort Will be made 10 eliminate those
features which have proven ObJectiona-
Bile.
While very little has been made public
from the Committee ON Banking and
Currency since this session began some
OF us members have not been idle and
a strong array or facts have been gath
cred for future presentation 10 the House.
No legislation OF any sort is expected at
this session for even If the House should
pass some one of the bills making some
change i'm the present system there Is
small likelihood of the Senate paying any
attention 10 IT, A meeting of the Bank
ing and Currency Committee has been
called for to-day. however. and Repre-
sentative Walker the chairman of the
committee. was asked last evening what
WAS us purpose.
The meeting is called" said Mr.. walk
or. TO listen 10 Comptroller Eckels.
Some six weeks ago the committee re-
ferrod TO him five comprehensive bank
ff.t I4fur work
of member of the committee. These
were referred 10 Mr.. Ecllels 90 have him
state TO the committee exactly what the
effect would bc ON the banking and cur
rency system Of the country in case any
one of them was adopted. This was done
I'm order 20 decide which one of these bills
we should take as basis upon which
10 frame a measure that shall solve
the whole financial and banking dill
Guilty. in order that IL may be ready 10
De reported when the extra session OF the
FifV-nfth Congress meets. as Is being
done in the case OF the tariff
"Do you think the committee viii suc-
coed in framing such "a bin ms YOU have
indicafod2' was asked.
Of think thcv viii Mr. Walker re-
piled. after listening 10 Mr.. Eckels. who
has been hard at work upon these bills
and will furnish much valuable testimony
REGARDING them Besides the committee
has considerable information already coll
l.ctod. We have ample facts regarding
the Old state banking system prior TO lNl
and tho national system since that time
The object win Do 10 frame national
system as liberal as the old state system
and yet as secure in the payment OF the
notes of ineoNent banks as now
The House Committee en- Rules has
promised 10 give time FOR the consIdera-
ton OF tho bin which the Banking ana
Currency Committee long ago reported 10
the House. and which is now on the Gale
cndar. 20 permit national banks 10 issue
currency 10 the full value Of the bonds
doro-ltcd with the government Mr.
walker was asked what De thought o.
the prospects Of this measure.
"It will come up in tho House In few
DAVIS probably" said hc. a dav will be
ASSIGNED 10 o. before long. some saturday.
expect. hut n viii NOT begin 10 pass.
Neither viii Tire tax De taken Off tho cur
rcncy issued lv the banks. There will he
no more patching mp ~ the present sys-
tom. II VIII ho thoroughly reformed
when anything g. done"
N as understood that tho hearing to-day
viii be nm open ono and the presence Of
other members Of Congress will lie very
gratifying 10 the committee.