The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1912-01-12

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/ 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 nth the result that
the ensuing discussion took a wide
range. entering the complicated field
of the tariff. The report of the tariff
board and the board itself also
figured.
$4,000 Asked to RepuIsc 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 it's
legislature to prepare for war on 1t.
The invasion is threatened from the
| Hawaiian islands, the fy's native
habitat, and fruit brought from there
the California climate.
No caucus on the tariff legislative
program has been suggested yet and
| it 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 it 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 i'll the central association,
salthough they possess fully SOper cent
of the banking capital.
The South, with about ten per cent
of the banking resources of the coun.
try, would control 23 per cent of tho
representation in the reserve associa.
ton. New England with 12 per cent
of the banking capital would have
eight per cent; the middle west with
% per cent OF the banking capital
would have 30 per cent, and the far
western and Pacific states with about
IL per cent of the banking capital
would control approximately 25 peg
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 CT set of men.
Fifteen branch associations will bG
provided for-one in New England,
Two in the eastern states four in tho
south, four in the middle west and
four in the Ear west. To control the
reserve association it would be neces.
sary to control a majority of the
branches This is held to be i'm.
possible.
1t has been proposed that ownership
of bank stocks by other banks be pro.
hibited, and that any bank member
of the reserve association be forbid.
den to own stocks in any other bank.
1t also has been proposed that when
a bank acquires stock control in
another bank it be prohibited from
voting that stock in the main organ
ization.
Washington, jan "A busy season
was in prospect for congress when i,
, reconvened after the holiday recess
The deliberations may run well into
; the summer, without a halt even fol
the presidential conventions.
With the Russian treaty abrogated
the pension bill and urgent deficiency
appropriations out of the way in thu
house, tariff legislation is expected a,
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 tel
, days. Tariff legislation, however, Il
l by no means all that is in the legisla
: tive program.
3 Antitrust, labor legislation and re
= vision of the statutes relating to II
g functions are to be pressed by the j.
J. dietary committee. Panama cana
j legislation is to be urged by the con
). mittee on interstate and foreign con
r merce. members of which have Jun
# returned from a three weeks inspe'
n ton of the canal zone. The rules con
# mittee has under consideration impo
g tant matters, including proposed 4
vestigations Of the money trust" th
e shipping combine and the harvests
t. trust. This committee contemplate
Is recommending the appointment Of
,e joint committee to conduct broad !
% quiry into all three subjects.
Or. Wyman's Successor Named
ID Washington, b. c. - President Tie
re- sent to the senate the nomination