Omaha daily bee., 1908-11-23
WORK ON FINANCIAL BILL
subcommittee of Monetary Commits
sion Will Report Today.
TESTIMONY TAKEN IN EUROPE
scotch and Canadian Banking
Systems VIII BE 'Investigated
Before Draft of Measure
il Made,

WASHINGTON Nov. 22-Tomorrow at
II o'clock the monetary commission, con-
sisting of members of both houses Of con-
gress, appointed before the adjournment
Of the last session, will meet in the rooms
OF the senate committee on finance to hear
reports from the subcommttees appointed
at Narraganset Pier last July. and TO de-
termine upon its future course.
There Is no program arranged beyond the
meeting tomorrow, and members generally
expect that comparatively little work will
be undertaken during the approaching ses-
| sion of congress.
The members have seen enough since the
| commission came into existence to justify
the conclusion that q work OF the magni-
| tude Of that undertaken must be proceeded
| with most deliberately.
| The subcommittee, consisting OF Senators
! Aldrich. Hale. Knox and Daniel, and Rep
| resentatives Vreeland. Overstreet. Overman
| and Padgett. which visited Europe In be-
half OF the commission, will report the re-
suit OF it's Investigations in London, Paris
and Berlin This report will consist in the
main of printed copies of the testimony
taken in those centers. No recommendation
will be made. The committee which was
designated to conduct certain branches of
the inquiry In the United States has been
giving attention to the administrative fea-
ture OF American banking and will make
some recommends tions looking to mmedi-
ate changes in the law regulating the gov
ernmental supervision Of national banks.
Present indications are that the full com
mittee will accept these suggestions.
Before presenting a final report the COM
mission will hear the testimony of a num-
Der of American financlers and will also
make thorough inquiry into the Scotch and
Canadian banking systems.
New Counterfeit BILL
chief Wilkie of the secret service today
announced that a new counterfeit Is GER
tificate Undian head) has been detected in
circulation, having first made its appear
ance In Providence. r. l. The counterfeit
note purports TO be one OF those author
ized by the act OF August g. 1886, series of
leSS check letter d. face plate No. .. back
plate No. ees. with portrait of onepapa.
The officials declare 1t is a dangerous
photo-mechanical production printed on one
piece OF heavy bond paper, but defect in
, the plate gives the Indian chief a cross.
eyed expression The blue seal CLOSELY
approximates the genuine in color but is
oadiy printed. being coarse and rough, will
many broken lines The back of the note
Is very deceptive piece of work and ex.
cept Tor being lighter In color, appears
Ihuch ike the genuine. In the sample
iurhlshed chief Wilkie there appears tC
have been no attempt to initiate the dis
! tributed silk fiber.
A new counterfeit IS United States not,
also has been discovered. It purports tC
10 be one authorized by the act Of March 3
70 lSb3 series NJ vIth
! son. check letter d No. 5O147176 Thi
spurious production is a straight photo
graph with the seal and denominations
design on the face OF the note touched IL,
with color and the back painted mudd,
- green.
. Changes BattIeshIps.
Acting Secretary Newberry OF the nav,
:. has made public an official statement pre-
;, pared by Admiral Dewey concerning tn
:, action the conference which met at New
= port II. l., last summer to investigat
and report on the designs Of the Mort
Dakota, the Delaware, the Utah and tn
Florida, and to make recommendations a
-, 10 the military characteristics which shoul
be required in battleships to be built
the future.
= The essential feature Of the work Of I'll
- convention has been published. being
- relation to the placing of the armor be
H. and the proper working out of other d.
r tails.
IA In his summary Admiral Dewey state
A. that 1t does not include Recommendation
. OF the conference with respect to battl
'e ships to he built subsequently to the Uta
and Florida.
1S Many Of the votes recorded were base
upon the inexpediency of any changes
ID the Utah and Florida that would invol,
delay. Mr.. Newberry, In commenting upC
g. the report states that the department ha
H. forwarded the plans involving chang
of that could be made without undue della
ed The work Of the conference was pure
nd advisory. although the department may
H. guided by its recommendations in the 4