The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1897-07-23
IN THE HI ,USE
Foundation Laid for Reforming the
Money SYs tenn

WASHINGTON, July 22.-When the
House met today Mr.. [ 'alzell of Penn
sylvania presented the Ways and Means
Committees bill authori Eing the Presi-
dent to suspend in part or whole discrim-
mating duties imposed on vessels of
foreign countries which il ppose duties on
American vessels.
1t was explained that existing Mex
lean laws imposed discrin linating duties
on vessels carrying lumb er and general
cargoes, but exempted hose carrying
coal, with the result that Wales now
monopolizes the coal tradet with Mexico,
which properly belonged to the miners
of Alabama, Pennsylvania and Tennes-
see The bill passed.
Representative Stone of Pennsylvania,
chairman of the Coinage, Weights and
Measures Committee of tile last House,
today introduced bill authorizing the
appointment of a monetar y commission
and providing for its expe .nses the sum
of one hundred thousand dollars. This
bill was prepared by Mr.. Stone after
consultation with Charm an Hanna of
the Indianapolis sound m oney conven-
ton, and is understood to have the APP
prevail of the administration. 1t will
probably be passed by the House in re-
sponse to the Presidents. forthcoming
message.
The text of Mr.. Stones bill follows:
THAT the president is hereby author
lied to appoint monetary commission.
of eleven members, who shall be persons
specially fitted by experience, training
and study for the consideration of the
subjects coming before said commission
Said commission shall investigate
and report what changes, if any, are ne
cessary and expedient in our present
banking and currency laws and what
further legislation, if any, is desirable
relative to our national banking system
and our government paper currency of
notes and certificates, and may. in con-
nection Herewith, report a codificatioa
Of existing laws on tehse subjects.
"Said commission may take testimony
and listen to arguments in their discre-
ton, and may require and shall be en-
titled to receive information from any
department or officer of the government
on any matter within its or his special
jurisdiction and coming within the scope
of their investigation.
said commission shall meet for or
ganization in Washington at such time
as the president may appoint, and hold
their subsequent sessions at such time
and places as they may determine, and
shall report to the president for trans
mission to congress not later than No
vember 49, 1897.
"Copies of all bills relating to banking
and currency or the circulating notes of
the government introduced in either
house during the Fifty-fourth congress
and the first session of the Fifty fifth
shall be furnished by the clerks Of said
houses to the commission"
Mr.. Lacey of Louisiana secured unan-
imous consent for consideration of bill
to amend the act creating the civil
government in Alaska identical with
that passed by the House at the last ees-
sion.
Mr.. Lacey's bill contained one new
feature-it empowered the President to
create an additional land district. Mr.
Lacey explained that the Yukon Valley
gold discoveries rendered an additional
land office necessary. In response to a
question, he said the gold fields lay in
both the United States and British North
America; the Clondyke region was in
Canada. The bill passed. The House
then, on motion of Mr.. Dingley, took a
recess until tomorrow.