The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-10-20
PLANS OF Mr.. GAGE
Are Likely TO Be Brought Before Con.
gress the Coming Session.
IMPORTANT LEGISLATION
May Be the Result Of the Bills 10 Be
introduced.
THE GENERALIZATION OF CAPITAL
Is the Basic Principle Of the Scheme Of
the Secretary.
He WOULD ABOLISH SUBTREASuRIES
And Give TO TIE National Banks the
Full Control Of the Circulating
Medium OF the Nation.
fspecInl 10 rhn rnstl

Especial to The post)
Washington, October 1G.-The recent
| speech Of Secretary Gage haf been care
fully studied and dlgested and It Is be
lleved now that II foreshadows important
| legislation and nnhnciers have little doubt
that bills Incorporating Mr.. Cages views
will be presented to congress early In the
session. They are not new. but they have
added force at this time.
One prominent New York banker, who Is
generally In touch with The movements
which precede National legislation, had this
| TO say OF the matter: ~ am eot In a posi-
tlon to say positively what financial legis
latlon will be suggested, but know that
Secretary Gage means to carry out the
recommendations he makes. They are in
| line with what he has long thought noces-
sary for the good of the people. He stands
| in stronger position today With congress
| than ne ever did. lie Is safe, and those
who have given study to what ne has done
and what he says he will do believe he is
sound. The abolition OF the United states
subtreasurles looks like difficult task and
radical thing 20 do and yet TO do away
with them and sell the buildings to the
highest bidder would be National oless
ing They are barnaclea on the eountry's
| business, for they impede trade and COM
merce by lnterruptlng the dow OF the cur
rent money OF the country. They do this,
| too, at Just the periods when we can not
AFFORD to let money lilo Idle, for when the
country is at It's best financially the sub
treasures are doing their utmost TO block
| the wheels.
"Thcre will naturally be opposition to
MIR. Cages idea OF Capitalization Of banks
which, Of course, means hrse consoidations
! Of capital Bat 4 ls plain that the remedy
| lies In TIE system slse bank o. isngland'
| or br txG.asy the ,r4nch sanR features or
the bank Of France. This bank has eighty
| odd branches and they receive revenues
Of the country and keep the money in cir
| culation ali the time. II Is Just the oppo-
Site policy that this country Is adopting
| II is the policy Of boarding which has done
SO much harm TO the system The sub
| treasures are responsible for mnny vagarles
and quack financial schemes. Something
has to be done, and Mr.. Gage knows It,
with an that he has done the treasury is
stlll gaining money an, locking 1t up, but
people have got to learn the real difference
between credits and cash"
~
George A. Raymond an American and
formerly private in the Forty-hrst Vol
unteer infantry, was tried by military com
mission in the, Philippines recently. on .
charge Of murder, rape and robbery, ana
| sentenced 10 be hanged. The records in
! the case are OF unusual depravlty and have
| lust been received at the war department.
! In his annual report, which was made
public today, Admiral Melville, engineer
in chief Of the navy, admits that the per-
sonnet bill. the adoption Of which ne and
| his organization urged, has proved fall
| IRE and he declares that under Its opera
tion the engineering efficiency Is rapid
| ly decreasing" He even looks with favor
| On rho establishment Of a separate en-
| gineer corps similar to the one that for
merry existed, and which he helped to have
| abolished.
Secretary Long has approved the recon-
mendntion Of the court Of Inquiry In the
cose Of Colonel Robert L. Meade. United
States Marine Corps, e END yin S order a a
| charges Of Intoxicatlon while on duty, Of
giving false testimony and OF violating the
regulations in falling to respond 70 e, charges
/ ma lieutenant Colonel Lauchhelmer,
| United states Marine Corps.
~
The state department has been Informed
that W. II. Mealy. the American citizen
who has been lying IN jail at Pornrlo Diaz
| under commitment for contempt or court
| in withholding certain legal papers de-
| handed by a Mexican court, has been re-
| leased on hail. This removes the acute
phase Of the case IN which the state de-.
| partment had interested itself ana the trial
viii 20 on In the usual Mexican manner.
~
Marquis Ito, formerly premier Of Japan,
who IS travelling in the United States, is
ov n.ctod 70 arrive In this city from New
| York tomorrow Upon HIS arrival he viii
| 20 directly 10 the Japanese legation and
viii be the guest Of the Japs9tesSe minister Ter
n9ara1Is VIII be presented formally to
President Roosevelt on Monday.
~
presIdent Roosevelt has approved the
death sentence imposed In the case OF
Pdyate william wynes, company J, Tween.
| ty-fourth icoloredl regiment, found guilty
! ~ murder Ia Pangasinan, Philippines, and
sentenced 10 be hanged
~
The president today made the following
anooiutments: State: George sawter OF
\ Wv, YORK. United States consul at Antigua,
west indies. Navy; Joseph G. Eaton. cap
| min. Harry Knox, caDtain: George W.
Mentz, commander; Nathan sargent, com
,nsnSer. John g. Milton. commander;
CHARLES claaIes c. Marsh, lieutenant commander.
~
Albert c. Taylor Of Austin, Texas. has
besn appolnted a Waterman at the quar-
| terrnasters depot, San Antonio, Texas.
~
The president has appointed the follow
inc postmasters: Lulu N. Brewineton.
Rosebud, Texas; Andrew u. Hill, San Saba,
| Texas.