The San Francisco call., 1908-04-30
.VREE[AND PRESENTS
. new CURRENCY BILL
Wipes Away Almost Every Ves-
tige Of Unpopular Aldrich
Measure
Senator Davis ThunderS at For
aker, Who Asks Him to
Speak Louder

WASHINGTON. April 29.-As the re-
suit Of a series of conferences between
republican leaders in the house. the
last Of which was held today, Repre-
sentative Vreeland of New York late
today introduced bill to take the place
of the currency bill presented by him
last week. In the new bill. which Is
declared to represent the views of a
substantial majority of the republican
members, and which is the measure
that will be presented to the confer
ence of the republicans of the house
to be held In few days, nothing Is left
of the Aldrich currency bill except the
provision for the payment of interest
on government deposits In national
banks. The provisions for the issuance
OF emergency currency on corporate
bonds are entirely swept away
The new bill provides for the forna-
tion of national clearing house associa-
tions by not less than 10 national banks
having an aggregate capital and sur
plus OF not less than s5,00o,000. A tax
of per cent on emergency circulation
based on clearing house association
securities is provided for the first
month, this tax to be increased per
cent each month until 1t reaches 10 per
cent, where 1t is to remain until the
circulation Is retired.
for the creation of a currency commits
sion. to consist of six members of the
house. six of the senate and six to be
appointed by the president. Vreeland s
bill will be considered by the banking
and currency commission tomorrow.
The sundry civil appropriation bill
was under consideration in the house
today and the greater part of the time
was consumed in general debate and
eel fx,A 4nrr 70 Ia
which will be resumed tomorrow.
Fowler of New Jersey denounced the
Aldrich currency bill and pleaded for
passage of his bill to create a currency
commission.
WILLIAMS GROWS SATIRICAL
Williams (Mississippi). in satir-
icaI speech full of humor. presented a
petition, signed by 164 of the 166 dem
ocrats composing the minority, asking
the speaker to recognize some member
of the house to move the discharge OF
the ways and means committee from
further consideration of the Stevens
bill for the removal of the duty on
wood pulp and print paper and to pass
that bill or a similar one.
table had been placed on the floor
in front of the stenographers' bench,
and on it the petition was spread with
the Rankings of ink bottle and pen,
which the minority leader, Stimulating
the voice and manner of a revivalist
exhorted the republicans to rise and
go forward and sign up. pleading for
thirty" only thirty and asked:
Are there not 80 who will come
forth?'
He concluded amid hand c1apping and
laughter, induIged IN, by democrats and
republicans alike. X
DAVIS AFTER FORAKER
Senator Davis of Arkansas created a
mild sensation in the senate today
when. in discussing his resolution ask
ing the secretary of the interior for
information about the tribal roll of the
Choctaw and Chickasaw Indians sof
Oklahoma, he declared that 0,000
names were being kept of the rolls by
the secretary and instanced a case in
which he said nine members of family
were rated as negroes and only one as
an Indian. Advancing toward Foraker
of Ohio, his voice thundered throughout
the chambers and adjacent halls as he
asked, If the Ohio senator loved mig
gers so well, why did he not come for
ward and defend those members of tha,
race?" Only laughter greeted this, and
Foraker requested in mild tone that
the senator speak a little louder. Davis
resolution was passed.