New-York tribune., 1906-06-08
NO CLEAN MONEY BILL.
attempt to Frame One for This
Session GiOen In.
- The Trthune Ru-nnn. !

Washington, June The House COMMITTEES on
Baukirg and Currency has abandoned all effort TO
frame satisfactory clean money bin for consid-
Grafton an this session OF Congress. At a hnal
meeting The committee voted to-day against re-
porting any Il the measures under consideration.
but authorized the preparation and printing by a
subcommittee OF the testimony relative TO dirty
bank bills and notes submitted in the last two
Congresses.
An important part OF this testimony 10 he printed
is thar given before the committee last year by Dr.
Darlington. Health Commissioner OF New York
City who told about the results Of investigations
made there by himself and his assistants. chem
lea analysis OF paper money he said, provai that
II was germ conveyer. and many cases OF disease
could be traced 10 Il. Letters from bankers and
money experts will also be printed IN the report
The committee has received from H A Taylor.
Actug Secretary OF the Treasury a report which
seems 10 indicate that the legislation for clean
money proposed by the bills thus far introduced Is
not satisfactory TO the highest officials Of the Treas
uTy Department Answering g question from the
committee as 10 whether the Treasury has had any
experience has any facts which tend prove
or disprove the belief that the currency Of the
country is a good vehicle Of contagious diseases.
Assistant Secretary Taylor says:
Taxing The sEP2sirienoe slS2si &c Of The TTessgreTs ofoe
the Division Of Loans and Currency OF the Secre-
tsry otlce. IT does not appear that there is any
showing that mutilated paper money has been the
cause ot any contagious or Infectious diseases
plrtueLt
On the subject Of the cost 10 the government OF
the proposed legislation. MI Taylor says:
The expense incurred on account OF United States
paper bank currency for dscal
year ls6 based upon the number OF pieces handled
and the cost per note set forth follows:
Cost Of preparing and issuing new United States
money notes g. tOlSo3, g
Cost ot redemption OF United States paper money,
lA l3i lS notes, at S01262, $z15. SS3 l6.
Total 0f Issuing and redeerring United States
Cast Q, Issuing and redeering national bank
notes 81 - "A.
As % Tho extra cost 10 the government under the
pfovlso's OF tie Fowler bill, there would be, first
me cost 10 the POstoflce Department OF handling
Cd and new currency without compensation either
JOY registration OF postage Second there would
t ue increased cost 20 this department OF prepar-
cuiithet nf tle various kinds which would natu-
ralN follow the passage Of any clean money bill
y Is impossible 10 estimate with accuracy what the
Increased demand would be. For your information
loReHer 1 estimate that the passage OF the Fowler
bl would cause . per cent more currency 70 be
estimate ls based on The fact that during the years
~ and 1873 appropriations were made by Con-
eIess 10Y the Spec-nc purpose OF retiring unfit
lniec states paper currency, ana under these con-
oltons The return of currency TO the treasury in
creased about p Der cent.
TIE volume Of issues redeuptiors
crease p per cent the work could be accomplished
a. less Froporuonate cost per thousand pieces. I
estimate The increased cost OF q . per cent increase
as follows,
~ ~ .ss- $50 - so
-otl -Itraase