Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1908-01-09
Affects Personnel of Rank
and Line of Fleet
Control.
SETTLE ALL QUESTIONS
Introduction in the Senate DC.
casi0ns Interrogati0ns
and Interest.


passage it is expected, will work many
important changes in the, personnel of
the navy and greatly increase its eff
cheney, was introduced today by Sen
ator Hale. chairman of the senate
committee on naval affairs.
1t proposes the settlement of veXa-
tious questions as to whether the men,
bers, of the staff corps shall have rank
with line officers and puts an end to
the creation of bureaus by the secre-
tary of the navy.
1t gives a substantial raise in pay
to every commissioned officer and en-
listed man in the navy and marine
corps.
An Important Section.
There is an important section relat-
ing to the appointment of midshipmen
10 the line and staff corps, also a pro-
vision calling for the retirement of
officers at certain age. That part of
the bill which relates to the assign
ment of line rank to officers of the
various divisions of the staff corps
contains a provision that they shall
in no instance assume command of
any vessel.
Causes General Discussion.
The introduction by Senator Hale
today of his naval personnel bill
proved the occasion for somewhat gen
eral discussion of the navy and the
recent occurrences in connection with
that branch of the public service.
In presenting the measure Hale en-
tered upon a full explanation of its
provisions together with the reasons
for its adoption, but was interrupted
by Tllman and Foraker who piled
him with questions as to whether the
acts concerning the Brownson incident
would be brought out during the con-
sideration of the personnel bill.
Opens Whole Naval Controversy.
Hale's replies were rather indefinite
but admitted that the whole naval con
troversy should be opened up in the
naval committee consideration of the
bill. and gave his belief that in al
probability the committee would go tc
a certain extent into the subject.
81 realize" he said. that we cannot
go through this session without {
pretty general hearing of this subject
However, the question Of just how fal
the investigation shall proceed shoulC
be left to the committee"
The subject was then dropped.
House Currency Bill.
The bill which the house subcommit
tee on banking and currency agreed
upon yesterday to increase the elias
ticity of the currency provides for th'
retirement of all outstanding nationa
bank bond secured currency, and au
thorizes in lien a currency based ol
general assets Of the banks.
1t is provided that the controlle
designate certain redemption cite
throughout the country, so that ther
shall be a redemption city within a
least "a hours of each national bank
The controller shall select a time an
place for organizing each district.
Plan for Redemption Districts.
Each national bank in that district
regardless of its capital stock, will b
entitled TO one vote. Representative
of the banks will meet at a time an
place designated and elect a board {
managers, to consist of seven men
bers. These seven will elect chai
man, who will become a deputy col
troller of the currency and assum
control OF his redemption district, e.
cept that he shall not have charge {
the enforcement of the criminal sta
utes.
Each bank is authorized to presel
to the secretary of the treasury tn
moneys in lieu of bond secured note
to the amount of its capital stoc
These notes will be subject to tax {
2 per cent per annum.
Provide Guaranty Fund.
Each bank will be required to d
post as guaranty fund with Il
treasurer of the United States p'
cent of its average deposits for Il
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