The commercial. (Union City, Tenn.) 190?-193?, 1902-01-17

II 1 : ! '. / ! l. !.
meanest citizen isan injury Idall,' I
said Representative Charles X.
Schrim, of Maryland, yesterday,
in explanation Of what is known
as his "tablet bill" Approaching
that every. bill which Speaker Hen
derson could refer to the Commit
tee on Naval Affairs and which was
in any way favorable to Admiral
Schley would be permitted to Idle
ID committee. Mr.. Schrlm has
introduced a bill providing for the
erection, in conspicuous places IN
the Capitol, Of six bronze tablets
of four feet. These tablets are to
commemorate the naval victories
Of the United States over foreign
foes and each is to bear the name
Of but one officer and that the name
of the officer in command. The
last tablet is to commemorate the
battle of Santiago and bear the in
scription winfield Scott Schley,
Commander" This bill the Speak
er was obliged to refer to the Lii
brary Committee, from which Mr..
Schirm hopes to secure its favor
able report.
Mr.. William SuIzer, Democratic
representative from New York
City, introduced bill in the House
yesterday which he believes will
attract wide attention. By it the
Secretary of the Treasury is in
structed to deposit the surplus
funds of the Treasury in National
Banks having'a capital stock of
$500, coo and a surplus of 100000
on condition that such banks apply
for the deposits and that they pay
to the United States interest ut the
rate of two per cent on such de
posts, the deposits of the United
States in no case to exceed the ag-
gregate of the capital and surplus
of the bank and to constitute a
first lien on the assets of the bank.
Speaking on this subject yester-
day Mr.. Sulzer said; Sat the pres
ent time a few favored banks, per-
haps fourteen in number, are made
the repositories of the surplus
funds in the Treasury. This gives
to them an unfair and prejudi
cial advantage in the control of the
money market. BY the provisions
Of my bill all of the banks will
have an opportunity to profit by
the Treasury surplus, the Govern
ment will receive interest on it's
deposits and in the event of a
stringent money market such de-
posits will afford immediate relief.
Moreover, there will be nothing
70 fear from the possession by the
Government of surplus of any
as this measure will
serve to keep the money in circu
alton, for, wherever there is de-
nand for money great enough to
'aise the rate of interest to three
per cent or more there will the
Treasury surplus flow"
| am creditably advised that the
Democrats in the Senate are pre-
pairing to force the majority to
make a definite statement of their
policy in regard to Cuba. So far
he Republicans have attempted to
escape any frank statement of their
policy and so be prepared to retreat
from whatever position they may
1aYe determined upon in the light !
If any new developments which
may take place. They have not
5aken their Democratic colleagues
INTO their confidence and the latter
believe they have right to know
what the administration and the
Republican majority are contem-
plating. Senator Lodge, on be-
half of the President, is actively |
prosecuting his campaige for reci-
Drocity on the broadest plane, but
le is being opposed by the high |