New-York tribune., 1908-04-18
aLDRICH BILL TABLED
HOUSE COMMITTEE ACTS.
To Girc Hearing on TreeIGnd
Measure T0-day.

washington. April 1.-THE House Committee
=. Bsnisi-s and currency to-day voted unani-
-, 10 table the AIdrich financial bill 1t
,,., rss decided 10 give q hearing tomorrow
:. per-esentative Nreeland. of New York who
-sos-t1z- introduced a financial bill which is
,oke5 upon as d substitute for the Aldrich
measure.
The discussion in committee brief. The
,-r, rofrr debated was as TO whether or not
So committee should make formal report Civ
,,r is reasons 10 the House for its unfavora BILE
srrior. and the conclusion finally reached was
-. no reasons should he given. Consequently
= committees report viii be mere statement
re- che arrfon - the committee. OF the nineteen
--s-,he-s Of the committee thirteen were present
g. sr-o-lav'e meeting. They we're Representatives
r>-i-,- sTlla. licNorran CAIich1. Waldo N. ".
Has tCala Durey y. y, Lewis ,Ga). Pujo
a. Class Na-1, Gillespie tTcx). Crawford
~ "a Weeks lNassn. NcHenry (Penn) and
Chairman Fowler.
The Treelan6 bill introduced in the House
tssr week as a substitute for the Aldrich bill
sr5 which il is understood is u be considered
e. : Republican caucus 10 be held next week,
-ss not considered at to-day's meeting of the
co-1ulit-ee- L was decided. however. to give d
hearing tomorrow n Representative Treeland
Chairman Fowler and other members Ct the
co-arf-roe refused TO be quoted as to the prob
abe rs-e of the Vreeland bill, but the opinion
s-sr7e5 IN prevail that It would follow in the
waka or the AIdrich bill.
The bill introduced Yesterday by Chairman
Fouler providing Tor q currency commission
sisa viii he Considered at the meeting Of the
committee -o-uorroy- The commission idea
arrarer7-y has many friends in the committee.
hearing alsg HiL BE- granted 10 Representa-
Tive Lowering on his bill to incorporate the
sovereign Trust Company of America. Two
aths- measures VIII receive consideration at
this meeting The Dalzell bill, making il Z mis-
6creanor To circulate false reports regarding
na,iona. banks and the Frceduan's bank bill
recently PASSED by the Senate.
TH- raa-nz or the AIdrfch bill VIII result in
eu-rrnr- legislation being perfected b. con-
fe--0rs g[ Tho TWO branches o. Congress II the
House carries out tho probable programme OF
non ras~l-S r-o Treeland bill. II thai event
tne T-5r~r measure would come 10 the Senate. all
after rha eIacriuE clause would be struck out
and trs provisions of the Aldrich bill substi-
i1re6. The effect would be 10 put both the
TrzslarG and AIdrich bills INFO conference. and
from -loH currency bi would probab bIy be
ar-elL unon
Tic V-aelaud bill Is not hostile in character
% -hr form q legislation provided by the bill
zheh vas passed by the Senate and therefor.
II action of The House Committee on Banking
sad Currency. IN the event its course is followed
T. favorable report on the Vreeland bill as
substitute. does not indicate thar there viii be
r. currency legislation at this session Of Con-
EreSs as rhe House probably will pass that
Hezsura- ---
representative Ereeland has made provision
te- tho Use OF commercial paper and all other
securities held ry national banks under the ma
uonai bank acr additional class Of Sc
CI-frz UTsou which emergency circulation may
he issued He eliminated certain amendments
7h.1l acre tackled ON the Aldrirh bill while II
was under consideration IN the Senate. including
1ha provision ty Senator Johnston requiring ma
,ioral banks 10 keep three-fourths Of the re-
serves Iu their own vaults and the amendment
b. Senator Ia FoIietrc prohibiting the Iosniug
~ money hy any bank to a corporation The Of
1rers a~ directors @ which are officers or di-
raa-ers ~ The corporation seeking the loan It
Is expected that the Senate conferrees viii max
strong tz11 Tor the retention Of the Johnston
resa--= feature but there Is I5-tle prospect for
lhe option IF -he Ia Toilette amendments.
Representative TraAland il not Z member Of
- F7n--e= Committee on banking and Currency.
= -r Is expected that i his oiiI Is passed H.
- h- one u the House confe-re-s. Il is u1t
u-5E='- that Representative Burton would be
s-1-r-~ and The Democratic member z man
rn7 Is favorable n legislation along the lines of
t-= zl--+rr- Kreelend proposition
II Tree.a1d and manv House leaders favor
a. amendment 70 his bill providing for Z cur
fs1cT commission 70 report upon 4 general re
Fis-ru II tle banking laws