The Mobridge news. [volume] (Mobridge, Walworth Co., S.D.) 190?-1917, 1912-01-12
BOTH HOUSES ARE DIVIDED AS
TO GENERAL INCREASE
MEASURES.
NELSON FAYORS CRIPPLES
No Agreement Seen on Election OF
Senators by Direct Vote
Monetary Plan Is
Ready.

dications that the senate hopper will
be full of pension bills of various
kinds. The house and senate are
divided as to the sweeping general in.
crease bills that have been consid-
cred in both houses.
Senator Nelson has presented q bill
intended to deal more literally with
soldiers who were MANNED in war.
All hope Of agreement between con.
ferees of the two houses of congress
on the resolution providing for cleo
ton of United States senators by di.
rect vote Of the people has vanished.
The difference between the house
and the senate conferees is based on
a question Of congressional super.
vision. AS passed by the house the
resolution placed the control of sena-
torial elections in the hands Of the
state legislatures. The senate amend.
ed the resolution, leaving the control
In the hands of congress. This ques.
ton has been debated by the confer
ees since the extra session and after
many meetings representatives on
each side have been unable to offer
concessions which would be &C.
ceptable.
Senator Newlands of Nevada pre-
cipitated a lively debate when he at
tempted to force upon the senate his
resolution providing for a legislative
program. He sought Intellectually to
have his resolution made the unfin-
ished business with 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 20 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 it's
legislature to prepare for war on 1t.
The invasion is threatened from the
Hawaiian islands, the ly's native
habitat, and fruit brought from there
carries the larvae which flourishes In
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
fnr a national rnonryn ncnontaftAO
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 cen 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-
ton. New England with II per cent
Of the banking capital would have
eight per cent; the middle west with
% per cen of the banking capital
would have 80 per cent, and the far
western and Pacific states with about
Is per cent of the banking capital
would control approximately 30 per
cent.
BY preparing such n method of or.
ganization It Is expected to remove
the possibility OF control OF the re-
Cnrun oSCnniatinn f~nn, oDu -,o~i,
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 far 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 a member
Of the reserve association be forbid
den to own stocks in any other bank
1t also has been proposed that wher
o bank acquires stock control IL
another bank It he prohibited from
voting that stock In the main organ
tZation.
Reduces Duties on Steel and Iron.
Washington.-A bill making a gen
eral reduction OF from 80 to 35 pc
cent on all steel and iron duties of tn
present Payne-Aldrich tariff law wa
agreed upon by a house ways AM
means subcommittee.
Washington. Jan. "A busy season
was in prospect for congress when |
reconvened after the holiday recess
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