Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-01-11
CURRENCY
LEGISLATION.

Washington, Jan. lO--In the house
today the army and Indian appropria-
ton bills were reported,
A resolution was adopted directing
the Secretary Of the interior to inform
the house whether or not any of the
principal or interest Of any Indian trust
funds or other moneys of any indian
tribe are being expended for support
Of any Indian. contract schools other
than government schools, and II 80,
what authority he had for so doing
The house then went into committee
OF the whole to further consider the
bin to improve currency conditions.
Mr.. Bartlett Of Georgia, vino was the
sole member of the banking and cur
rency committee opposed to the bill
and who filed the minority report upon
IT, IN a brief but vigorous speech do
clare1 that he had no apologies TO make
to the house or TO the people Of the
country for his position regarding the
bill. He affirmed his adherence TO
Democratic principles and said he could
not favor a bin he did not believe in
I'm sarcastic vein he spoke OF the
alleged anxiety Of the Republicans to
reform currency conditions, when they
knew they were adopts and pastmasters
I'm the art Of being ostensibly for some
thing they did not intend TO pass.
The Williams amendment, providing
for loans to national banks only on
competitive bids, vas adopted, ia to
80.
Nh, Fowler spoke I'm advocacy Of his
own amendment, which provides for
government deposits up TO % per cent
OF the banks capitalization, and per
cent interest the government 20 have
first lien on the banks securities.
MI Ihoycr Of Massachusetts,, referr-
Ing to the Fowler amendment, said he
had AN mixing I'm some way that II
the bill became law most OF the money
would go TO New York.
An amendment TO the Fowler amend
ment was offered by Mn Bowie Of Ala
baWa, designed TO meet the suggestion
OF Mr.. Thayer providing that 'all
moneys so deposited shall be equItably
distributed between the banks in the
several states OF this Union" but Mr.
Thayer coutended that the Bowie
amendment did not go far enough
ON a rising vote 1879 TO a., the COM
mittce agreed to incorporate the Bowie
amendment ms a part OF the Fowler
amendment The Fowler amendment, az
amended, on vote " tellers was lost
lOl to l25.
AN amendment was agreed 10 strik-
ms out section 2 of the bill repeating
Che Law prohibiting deposits OF more
than S3,OOO,0OO during any calendar
month for the purpose Of Withdrawing
circulating notes and substituting
therefor q provision permitting nation
W banks 10 retire their outstanding
a f,s
OF the treasury not exceeding 9 per
cent OF their circulation
The committee amendment striking
out section Of the BILL which author
ilcd the secretary OF tho treasury to
withdraw any denominations Of silver
certificates and 10 substitute therefor
certificates OF other denominations was
Cgrced 20,
An amendment by Mr.. Thayer Of
Massachusetts 10 section 3, restricting
the amount OF silver 20 be recoined into
subsidiary coin 60 $4,000 900 IN any one
year was adopted
The committee, l3l to 81, rejected the
amendment OF the committee on bank
Ing and currency providing for the re-
coinage OF standard silver dollars from
cash I'm the general fund IN the treas
ury."
An amendment was offered by Mr..
Little of Arkansas TO strike out section
3 and substitute for 1t n new section
authorizing the secretary OF the treas
ury 20 purchase silver bullion, as may
be necessary ana TO coin the same into
such subsidiary silver coin as he may
deem necessary without regard to any
heretofore prescribed limit Action on
the amendment, however, was deferred
By the bill being laid aside.