Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
$4,000 FOR SEEDS
Deficiency Appropriation Bill
Passed by Congress.
SECURITY FOR DEPOSITORS
Senator Owen Proposes to Raise
Fund by q Tax.
SECURITY FOR DEPOsIT0RS
TO REMOVE CERTAIN DUTIES
Proposed to Put Articles on Free List
in Specified ContingencyAAward
of Deposits of Public Money.

The Senate yesterday passed without
amendment a deficiency appropriation
bill which had previously passed the
House of Representatives appropriating
$4,000. to replace seed burned at the
Agricultural Department warehouse in
this city November last
To Secure Depositors.
A bill providing security to depositors
of banks, and for ''the prevention of the
boarding of currency" was introduced
yesterday by Senator Owen of Okla
homa. 1t fixes a tax upon all deposits,
and from the fund thus created provides
for the payment in full of all depositors
when a bank is declared insolvent. The
Secretary of the Treasury is directed to
maintain fund Of 500, ,00o, 900 in Treasury
notes, which may be loaned upon bonds
to 80 per cent of their value.
The bill provides that advances from it
shall be charged for at the rate of per
cent for the first four months, and there
after at the rate Of per cent.
To Remove Certain, Duties.
Senator Johnston of Alabama introduced
bill putting on the free list articles
whose price becomes 25 per cent higher in
this country than their price in foreign
with the manufacture Of such articles are
25 per cent lower than European wages.
Senator Burkett reintroduced his graz
ing bill of last session. 1t provides for
the leasing of the public domain to cat
the owners for the maintenance of their
stock giving homestead settlers the right
to enter and locate upon the lands at any
time.
The President yesterday sent mes
rnr1di m hot
means of sending delegates to the first
pam American scientific congress, at San
tiago, Chile, be provided. The congress
will be held in December. 1908.
Deposits of Public Money.
Representative Adair of Indiana yester-
day introduced in the House bill making
it the duty of the Secretary of the Treas
ury on the 1st of July, October. January
and April of each year, after thirty days
notice, to receive and open sealed bids
from national banks applying to receive
deposits (on calD of surplus moneys in
the United States Treasury. and to award
such deposits to the highest bidder; not
less than s25,0O0 to be accepted by any
bank and no single deposit in excess of
applicants paid-up capital to be awarded
by the Secretary. Under the terms of the
bill the secretary Oh tle treasury is du-
thorized to also make four-montis time
deposits under certain conditions. In all
cases where the government funds are
awarded for deposit the successful appli-
cant is required to furnish security ac-
cording to existing laws.
Resolutions calling on the Secretary OF
the Treasury for full investigation as to
ex sting contracts between the govern
ment and transportation companies for
the moving of money and securities be-
tween the Treasury and such of the ma
tional banks of the country as are United
States depositaries, and between the
Treasury and the severa! subtreasuries.
were introduced by Representative Gaines
of Tennessee The resolutions also de-
mand reports as to the faithfulness with
which such contracts are observed.
Other Bills Introduced.
Among the other measures introduced in
the House were the following:
BY Mr.. Hardy of Texas, forbidding
transportation companies operating on in
land waterways between one state and
apother. to cut freight rates below the
level of profit with intent to destroy COM
petition and secure a monopoly.
BY Mr.. Gardner of Massachusetts. ap-
plying the education test to immigrants
BY Mr.. johnson of South Carolina. sub