The Owosso times. (Owosso, Mich.) 1897-1926, 1910-06-10
Congressman Fordney Goes to Kan
sas to Speak.

ooo w SpOoN.
From the Saginaw Courier Herald.
Congressman JOS w. Fordney arriv-
ed home from Washington yesterday
noon and will be here for the next few
days. He will be away from Washing
ton for two or three weeks. but he pair
ed with an absentee, who Is opposed to
the postal savings bank bill, which Mr..
Fordney favors and which will be the
only important legislation to come up
soon. Mr.. Fordney said things were
going slowly in Washington but he
hoped for an adjournment on or before
July 1.
With the railroad rate bill out of the
way the next important administration
measure is the postal savings bank bill.
This will undoubtedly pass if rule
which will be presented next Wednes-
day is adopted. The measure is not
privileged and can only come up by the
adoption of a rule making it special or
der, giving it precedence over all 9TH
ers. 1t is fine illustration of the ne
cessity of rules committee. Forty one
thousand or AZ, 600 bills are ahead of the
postal savings bank bill, hence the me-
cessity of committee on rules to give
it precedence. Otherwise it would have
to wait its turn or be taken up by unan-
imous consent, (which would be i'm
possible with soymany opposing the bill.
ADOPT WITHOUT AMENDMENT.
According to the rule which will be
presented the bill as reported by the
committee must be adopted without
amendment and the time for debate will
be limited. If amendments were allow
ed there would be no end of time con-
sumed and no telling what the bill
would be that would finally be adopted.
In the present form five per cent of
the postal savings must be deposited
with the treasurer # the United States.
Thirty per cent may be invested in
United States bonds, these bonds to be
in denomination of $50 and multiples of
$50 up to $500. No deposits from any
one person of over $500 will be accepted.
Sixty-fiye per cent of the deposits are to
be kept in banks approved by the post
master general, the treasurer of the
United States and tie attorney. general.
This money cannot be drawn by the
government, except in some extreme
emergencies, war, for instance. The
bonds issued to postal savings bank de-
positors will be coupon bonds drawing
two and half per cent interest. The
proceeds of these bonds will be used
to redeem the outstanding three
per cent bonds, now about $63, 900, 900.
THE bill was promised by the party,
it Is favored by the administration and
support it and believe it is the best bill
at the present time.
RIVER IMPROVEMENT ASSURED.
The appropriation for the Saginaw
river Improvement is in the rivers and
harbors bill. If any river and harbor bill
passes, and most certainly think it
will, Saginaw would be provided for"
This is result that Congressman
Fordney has had in view since he enter
ed congress and one which his long con-
tinued service and growing influence
made it possible to secure.
"The general deficiency bill, the sun
dry civil bill, must be acted on
and see no prospect of congress ad-
-journing much before the first of July.
II leave the last of the week for Kan
sas and will make FIVE or six speeches
in Congressman Calderhead's district.
He is member of the ways and means
committee, warm personal friend of
mine and among the best men of the
house. He is Republican of Republi
cans shall take pleasure in doing
anything I can to promote his renomi-
nation"