The searchlight., 1912-01-12

The Hague, Holland-It is stated in
court circles that Queen Wilhelmina
is expecting the birth of another child
have his resolution made the unfin-
ished business with the result that
range, entering the complicated field
of the tariff. The report of the tariff
board and the board itself also
figured.
$4,000 Asked to Repulse Fly.
The sum Of $4,000 to repulse the
invasion of the Mediterranean fruit
fly is asked In a bill introduced by
Representative Hayes and Kahn of
California. California, they say, al
ready called an extra session of its
legislature to prepare for war on It,
The invasion is threatened from the
Hawaiian islands, the fy's native
habitat, and fruit brought from there
carries the larvae which iourishes In
the California climate.
No caucus on the tariff legislative
program has been suggested yet and
1t is probable that there will be none
until the wool schedule is ready.
Monetary Plan Is Ready.
The monetary commissions plan
for national reserve association
when II goes to congress will pro.
vide for an organization SO constituted
that the financial institutions of New
York-the seat of the money power
in the United States-will control less
than ten per cent of the total repre-.
sentation In the central association.
although they possess fully 80 per cent
of the banking capital.
The South, with about ten per cent
of the banking resources of the coun.
try. would control % per cent of the
representation In the reserve associa.
tion. New England with IL per cent
Of the banking capital would have
eight per cent; the middle west with
25 per cent of the banking capital
would have 30 per cent. and the far
western and Pacific states with about
| Is per cent of the banking capital
would control approximately % per
| cent.
BY preparing such a method of or.
ganization it is expected to remove
the possibility of control of the re.
serve association from any single
group or set Of men.
Fifteen branch associations will be
| provided for-one in New England.
two In the eastern states. four in the
south. four In the middle west and
four in the Ear west. To control the
reserve association II would be neces
sary to control a majority of the
branches. This is held to be i'm
possible.
Ii has been proposed that ownership
of bank stocks by other banks be pro
hibited, and that any bank a member
of the reserve association be forbid;
den to cwn stocks in any other bank
II also has been proposed that when
a bank acquires stock control in
I another bank II be prohibited from
voting that stock in the main organ.
ization.
Washington, Jan. "A busy season
was in prospect for congress when II
reconvened after the holiday recess.
The deliberations may run well into
the summer. without a halt even for
the presidential conventions.
With the Russian treaty abrogated.
the pension bill and urgent deficiency
appropriations out of the way In the
house. tariff legislation Is expected as
soon as the ways and means commit.
tee can send out the revised schedules.
The iron and steel schedule will
come first and Is expected within ten
days. Tariff legislation. however, ID
by no means all that is in the legisla.
tive program.
Antitrust, labor legislation and re-
vision Of the statutes relating to in
functions are to be pressed by the ju'
dietary committee. Panama canal
legislation Is to be urged by the com
mittee on interstate and foreign com
merce, members Of which have Just
returned from a three weeks inspec.
tion of the canal zone. The rules com
mittee has under consideration impor
tant matters, including proposed In
vestigations Of the money trust" the
shipping combine and the harvester
trust. This committee contemplates
recommending the appointment Of q
Joint committee to conduct a broad in
quiry into all three subjects.