Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1906-11-14
From Washington.
,Ccrsxpondenee Of the Alexandria Gasett

lax Dduks ucniiht W ihSiN"7O tH@' ~.
repcy should pay into the fund which IL
10 be under government control, Is The
most important of the questions to be
settled today by the currency commis'
sion of the American Bankers Associa'
| tlon, which began It's third days session
this morning. 1t Is believed by most
members that by tomorrow noon the
commission will have decided upon a
plan to submIt 10 Congress Tor cOrIec'
! ton OF the currency system. providing
greater elasticity. 1t has been suggested
| 10 the commission that ell national banks
| in reserve cities-.hero being more than
forty such cities Ia the United States.
that meet the necessary require
| nenis-.-are 10 be permitted 10 issue such
emergency notes In an amount equal 10
90 per eent Of their capitalization, pro-
ylded their government boud secured
circulation Is equivalent TO 81 lesai oas
half of their capital
The basis OF this tax will he about
Gse per cent OF their issue. IL present
plans are adopted. This is to constitute
q guarantee fund fos the profession OF
eli such bank notes In circulation. An
other suggestion Is that the tesifed eiaA
ITCHY may be obtained on sliding scale
OF taxation: that q bank With $4,000. 600
ca itsl could put out an issus Of IL. 600.
900 emergency currency and wonid be
taxed at the rate Of 3 per cent per AMMAN
on the first 1850, 900 of Its issue; per
cent on the next Issue OF the same
amount; 5 per cent on the third issle
and 6 Der ceat on The last $3.50, 900. II
Is figured that The capitalization OF the
national banks IN reserve cities 10 sul,
Gcieut to bring volume 10 excess OF
81 80, 900. 900 OF new money lotto circu'
| la.ion. This fund, it is likely. will be
paid into The hands Of the Treasurer OF
the United States.
The Interstate Commerce Commission
declines 10 make an order requiring rail
roads to report all eases of false billing.
The request was made by Larkin & Co,
of Buffalo, This company charged that
while it correctly billed all of its ship
ments others, 10 gel lower rates, falsely
bin their goods, Lsrkin 4 Go. claims
that this works 10 their disadvantage,
The commission declines 10 make the
order because Il il convinced that II
wonld DO Intellectual 10 its practical
operation.
Bids we're opened today at the Navy
D2par.melt for six, seven, eight aud
twelve inch srm0r Piercing steel pre-
jectiles. There were three bidders The
Bethlehem Stes. Co.'S bids ranged from
$43 % for the six-lnch she'll, TO 1923 sof
The l2-inch shells. The Midyale Co.
bid from $4i for the six-ineh TO S3i6. 20
for the i2-;ncb. The third bidder was
the Firth Stirling Steel Go. which has
Just established big plaat at uiesboro
Point, outside the city limits Of Wash
Ipgtou. Their bids ranged from 1925 for
the six.inch shells 10 $3.50 for the ~.
ineb.
Preside II Roosevelt with his party on
board tho battleship Louisiana are ek-
peeled 10 be within fesch OF the wireless
station today hut 80 tar no word hiss been
received iron him siuce yesterday. IL
is possible for the louisiana 10 reach
Colon tonight.i
The Comptrollet Of the Currency to-
day issued q cal for reports OF The con =
diiiOn oil national banks al the close OF
business on Monday November IL.
The international complication which
has arisen IN New York through the ei'
fort OF a policeman 10 arrest The French
Consul General. Nj. Ebrsy. on the
charge Of having insulted Mrs. NunziAta,
his chafuoman. has not yet reached The
State Department and the chances ATE
tbs. il will mol. According 10 The fact,
alleged, Mn. NuDzials vas cleaning up
the Offices OF the Consulate General on
Saturday afternoon when Consul General
Ebrsy locked the outside door and she
had 10 appeal TO him for the key. While
she does not sllege that the French Off
cial laid hands upOa her or attempted to
mallreat Der. she claimed that the lock
lag Of the outside door saVcred Of evil
intent aud she felt insulted. She com
plained TO a policeman. who went with
her II the 0fIlco aud attempted to put
the Consul General under arrest. There
Mas 6hete they made mistake. Bat
willis the Offices OF Consuls of France are
inyiucible and may not be invaded by
local policemen. the persons of Consul
General are subject TO the Laws Of this conn
iry when they are charged with crime. The
treaty s:lOpis them personal immunity, e,.
cept in the case OF crime" Consequently II
Mis-. Eunzate believes that she can subsIan.
iiats criminal charge against Consul Gene.
raj Ebray she can hsls him 10 court and end
her remedy there.
The national wealth OF the United Ststea
increase from $50, 52s, 3iS.7sa in 1900 10
500, 1871, 4l5,009. according 10 o bulletin OF
The Census bureau issued this sfterneOn. The
Increase In the past II years hiss been 81. i
per cent. The figures include the value OF all
real aud personal property, public utilities,
mi nes. merchandise. manufactures. etc.