The Jersey City news., 1906-06-11
CURRENCY BILL
WELL REPORTED
PoWler's Measure to Provide
a System of Credit Meets
With Favor In Committee
IMMIGRATION Bills STATUS
RAILWAY DETECTIVES ADvo-
GATE PASSES = LAKE SUBIA-
RINE SAID TO HAVE SUCCESS
FULLY PASSED ALL TESTS

WASHINGTON, June II, 1906
Members of the House committee on i'm
migration and naturalization are pleased
that the Howell naturalization bill has
been referred to the Senate committee OH
immigration. Senator Dillingham; is
chairman of the committee, and it was
his bill that the Senate passed to restrict
immigration. 1t is believed that the COM
mittee will axe early acion on the natA
uralization bill, and that it may be pass
ed by the Senate before adjournment.
The situation relative to the immigra-
ton bill has changed materially, and the
friendso the bill believe that it is fog
the better. The Senate bill was recon-
mitted to the House committee, and some
amendments were made that will elm
mate some features which the opponents
of the bill objected to- IL is also under
stood that the Speaker has consented to
have the bill come up and allow the
House to decide whether or nodt it shall
be encated at a law. He will also allow
the educational test to be settled by the
House. That the action will be favor
able is believed in the Howell naturali-
zation bill in spite of some OPPOSITION to
that feature of the measure.
The House committee on banking and
currency has ordered a favorable report
on the Fowler bill which authorizes any
national bank, with the approval of the
Comptroller of the Currency, to take out
for issue and circulation an amount of
national bank notes not exceeding so per
cent. Of its paid up and unimpaired cap
ital without depositing United States
bonds with the treasury as security
therefor. The amount of these notes
shall at no time exceed the amount of
secured notes of the bank ma king the is
sue, and the total amount of both shall
not exceed the paid up and unimpaired
capitaf of the bank. The object of the
bill as explained by Mr.. Fowler is to pro
out cheapening the present methods of
issuing currency-that is, to graft upon
our present bond secured circulation an
issue of bank notes that will currently
adjust itself to the varying needs of busi-
ness throughout the year. and thus pre-
vent the invariable panic in the ran
growing out of the need for more cur
rency when the crops are being harvest
ed and marketed
Much to the disappointment of the
leaders of organized labor the House
committee ON Judiciary has decided by a
vote of ten to seven to refer all of the
seven anti-injunction bills to a special
subcommittee with instructions to re-
port to the full committee next Decem-
ber The resolution embodying this ac-
tion was offered by Representative Par
ker of Newark. and was carried by three
majority The members of the commit
tee feel that the subject is one of the
greatest Importance, and there should be
plenty of consideration before any action
| is taken. The subcommittee will exanl-
inc into the constitutionality Of all of
| the bills that have been referred to it.
The railway detectives, who have been
holding a convention in this city, are out
spoken in their advocacy of the railroad
pass. They have not only adopted reso-
lutions protesting against the anti-pass
amendment to the railroad rate bill, but
they have been doing their utmost to
persuade the Senators and Representa-
tives that the easiest way to adjust the
vexing question would be to cut out the
anti-pass amendment and not to- mention
tHG SuOJCCI dI al III llIS 1dlC Ulll. L Ills
is the view held by many of the Sepa-
tors and Representatives. but now that
the amendment has been placed in the
rate bill they have not the courage of
their convictions to make motion to
have the amendment stricken out.
The test which has been made of the
Lake submarine boat recently in the
James river is reported to have been sue
cessful in every respect. The boat has
done everything that was claimed for it
by the makers. and it is expected that
further tests will be made later that will
result in the government purchasing one
of the boats according to the terms of
the naval appropriation bill.
of in short order, and carried an appro-
4 n