Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1908-05-27

s1rity offered by banks for the eme'-
Vency circulation. These associations |
sre to be orgs1iz,d By not less than ten
banks with capital OF not less tpan
as 900, 900. Instssd Of requiring the
banks to maintain reserved in their own |
yanlls OF Is or rs pr cent. as had been
suggested redempt on fund OF ten per
cent. is provided. There yet remsins
for the conferees 10 decide how long tae
proposed currency shall be effective.
The discussion this moraing seemed to
indicst, that this period would be nve.
wears. The conftrsss are to meet again
thfs afternoon.
At the conference this morning an
agreement was reached 10 strike out the
reserves section of the Vreelsnd bill and
substitute therefor q tsn per cent. re-
demption fund. The tax on emergency
currency proposed in the Vreelsnd Dill
was changed 80 that the tax shall De
Eve per cent. during the fret month OF
circulation and will increase one per
cent. each succeeding month until the
sum reaches ten per cent. The amount
of emergency circulation Is TO be $oOO,-
600. 900, t, be Issued by individual banks
on State, county and mucicipsl bonds 10
the extent of 80 per cent, and by as
sociations of banks on commercial paper,
to the extent of rs PER cent. OF the
market value.
The meeting of the currency confer
ees, With the democrats in attendance,
lasted only one hour. The vote was
them taken on the adoption OF the re-
port agreed upon by the republicans Is
| it has been outlined In esrlier dispatches
1t was q party vote, the democrst' re-
coriing themse elves in opposition t. the
new bill.
The House and Senats conferaes this
afternoon came to positive agreement
en- all points at issue on tho currency
bill, and will present their conclusions
to both branches OF Congress at the hrst
opportunity. In addition u the pro.
visions agreed upon this morning the
conferees decided that the act shall ex-
pirs by limitation on June 20, 1914.
Many Senators aud members have
left for home, aud it Is hsri t, secure q
quorum In either house.
There was q disastrous fire in DrooP's
music store, 923-925 Pennsylvania ave.,
this morning. The flames we're discov-
cred on the top floors. The roof OF the
building was buroed and considerable
stock or the third fl )oF was damaged
liz is estimated that the damage CAUSED
nv FIRE and water will be between S4O,-
900 and $4,000. The stock wss fully
insured.
| A special cabinet melting was held
TODAY, which was attended by the
speaker of the House, Secret 'ries Root,
TAFT, Metcalf, Oortelyou, Garfield and
Attorney General Bonspsrts. In the
middle Of the session the speaker ar
rived on a run, but did not remain
more than fifteen minutes. "When
will you adjourn. Mr.. Speaker" he was
asked as he st red down the walk.
"May be In two days, and may be In
two weeks" he replied. OTIS all up
In the air and l can't TIL t5ing about
it." The special meeting was for the
purpose of going over some bills recently
passed by Congress, especially the aP-
preparation bills.
After resting for ninety-six years 10
the Congressional Oemet 'fy In this city,
the body of Mel r g neral George
Clinton, first governor Of New York and
fourth vice president OF tie Unitsd
States, was removed today and sert t,
Kingston, the first capital OF New York
State. The remains wtrs escorted u the
Uaion station by an imposing mil't r.
and civic procession under command of
Mel Gen. J. Franklin Bell, chief OF
staff, u. s. army. Daughters of the
American Revolution aud other patritt'c
societies OF women we're represented. AT
Hiss the House took fifteen minute
recess to enable the members ID Wow
the procession conveying the body to
the station.
Ia face OF the declaration OF the Ven
ezuelan government that bubonic plague
had disappeared, the Stat, Department
Issued an official announcement, today,
declaring that the situation Is very grave
and that, according to information re.
ceiVed, the plague WAS on the increase al
La Gusyers and that smallpox had
broken out.
| II is said on good authority that Sec
rotary Taft will leave the Cabinet on
July 1st He lie sure Of the republican
nomination.
Rear Admiral A. 8. Crowninshield,
U. 3. NJ, retired, formerley chief OF the
bureau Of navigation, died at the Epis'
copal Hospital, Philadelphia, today
He was bora In New York 81 years ago.
The Jury TO decide the fate of CASTOR P
PhiiIn accused of the murder of Frank Mac