New-York tribune., 1903-03-01
ALDR!CH BILL TAKEN UP,
THE SENATE TO Pass IT.
Prospects IN the House Regarded as
Improved.
TRY TELEGRAPH TO THE TRIBUNE. ]


washington Feb. 2S.-The greater part Of the
Senate's session to-day devoted to the con-
siceration OF the Aldrich financial BILL which
was debated at length but which a vote was
not reached. Mr. AIdrich called up the bill, and
Senator Dubois spoke in opposition. as did SEN
ator Berry but Mr.. Bailey, OF Texas, made
vigorous speech in support of the measure, pro-
ducing a marked effect on his Democratic col"
leagues Mr.. Bailey expressed desire to see
the bill amended by the elimination OF the IN
terest to be charged national banks on govern
rnent deposits, and the first lien to be held by
the -sovsrnnnent on the assets Of those banks
which became government depGsfories Sen
afor Eslaekks!tn contributed nd -
times ludicrous speech TO the denastfk kae cfoseo
with the announcement that ne would oHeF ae
on amendment to the Aldrich bill the Repub-
,,.a, House indorsed, Senate committee IN
dorsed Roosevelt Endorsed. Attorney IeheFai
Endorsed, LittIefeld Antitrust DILL
Senator Aldrich believes the bill will pass
- D1ordav's session, and its prospects in
the House are regarded as brighter than 'iieS
were last night.
In tho debate Mr. Aldrich said that the Re-
nuhlican party would undertake the reouctloh
or the revenues at the next session OF congress-
nroyided there was surplus.
TWO PROGRAMMES IN HOUSE.
he introduction
~. Mr. Payne of the AIdrich bill. and It's rel
go to the Ranking and Currency Committee
otter heinR recalled from the Ways and Means
Committee where it was sent first as a revenue
measure there has been considerable quiet
,nanoeuvring on the part OF the frlenoS ana tIie
enemies of the bill in the House AS a result
two programmes have been prepared ohe Is
bv the Banking and Currency Committee some
of the Republican members OF Whlch nave PIE
II OaN 7nX ~
pared g combination of the Aldrlch-F o"
Iar bill. In this mixture the Fowler bill pre-
serves its identity and leads the procession 10
the extent of the first fourteen sections of the
measure Then the Aldrich bill is allowed in a
,nodihed form to trail along in the rear, after
an endeavor had been made to take some OF
the sting out OF its tail, according TO the peheI
Of its critics in the committee. This bill viii be
considered at a meeting of the full Banking and
Currency Committee tomorrow. That some OF
the Republicans the committee do not like
the combination apparent today. when
they made special requests to Democratic men,
bers Of the committee to attend the meeting to-
morrow and help vote down the bill.
The other programme has been arranged by
the friends of the Aldrich bill in the House. and
consists of plan TO call the bill from the Speak
ers desk as soon as 1t comes over from the Sen
ate and ask for immediate consideration by the
House This procedure is allowable in the last
six days of the session unuer the fuIeS OF the
House If it should fail the bill will be al
lowed to go to the Banking and Currency Com
mittee and then a motion will be made TO dis
charge the committee from further consdera-
ton of the measure. and take it up for immedi-
ate consideration in the House. This will be
done in order that the bill may be considered by
the House III the exact form in which 1t is
scheduled to pass the Senate
PROVISIONS OF THE SUBSTITUTE.
The Banking and Currency Committees bill
contains, first the elastic currency bill intro
duced by Mr.. Fowler at this session. and which
is now pending before the House. To this Is
added provisions contained i'll the Fowler bill
introduced at the last session. These latter pro
vide that in addition to the provisions OF Sec
ton 5l53 Of the Revised Statutes. the Secre-
tgry of the Treasury may also deposit in such
DESIGNATED repositories any public money re-
csived from whatever source, including receipts
from customs without requiring security by
the deposit OF United States bonds and other
WISE as provided in said section. but no such
deposit shall in any case exceed 80 per cent OF
the paid up and unmpaired capital Of any such
depository" Further provision is made that all
national banks shall pay interest on such de-
posits at the rate OF per cent per annum. and
the United States is to have a paramount lien
on the assets of such repositories fer the re-
payment of the money when demanded
It is provided further that ths Secretary OF
the Treasury shall report to Congress. at the
beginning of each session. the names OF banks
IN which public moneys are deposited and the
amounts and that when any bank Issuing
notes under the provisions os the bill. and
Continued On s8eoHd paBse