The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1913-08-16
DOOIittIe Wants Amendment to
Currency Bill.
So That Farmers Notes With
Grain or Livestock Security
WILL BE GOOD At BANK
Wants This Paper Defined in
the Bill.
"Prime Commercial Paper -
Eastern and Western Version.

! Washington, D. c., Aug. 16.-Con-
gresham Dudley Doolittle. of the
Fourth Kansas district, is determined
| that the new banking and currency
| bill now being considered by the
Democratic caucus of the house shall
contain provision making grain and
cattle notes, properly secured by
mortgage, prime commercial paper"
under the term as it is used in the
measure.
Prime commercial paper said
Mr. Doolittle today to the Topeka
State Journal correspondent, sis the
only kind that can be re-discounted
in the Glass bill, and that is as it
should be. But what we know as
prime commercial paper in Kansas
is not what the east calls prime COM
mercial paper.
There is no safer note-outside
real estate mortgages-in the world
than one made by a Kansas farmer
merchant or stockman, secured by
mortgages on grain in the warehouse
or cattle in the feed lot.
Our Kansas banks, and all banks
of the agricultural and stock raising
section of the United States, hold
much of this paper, and it must be
made prime commercial paper un-
der the express wording of the bill,
and not be left open to a later con-
struction of phraseoIogy after the
bill becomes a law
Continuing further Congressman
Doolittle said that to bar such paper
from re-discount at the regional re-
serve banks by the home banks
would not only be a grave injustice to
western farmers, stockmen and mer-
chants, and the bankers, but would
constitute an actual discrimination
against them.
IF the banks cannot rediscount
this best of commercial paper when
they want to, you can readily see that
they will have to curtaiI their loans
thing for everybody"
Mr.. Doolittle is not bound by what
the caucus may do, and if the caucus
should fail to insert this provision in
the BILL he will carry the fight to the
floor of the house with other Demo-
cratic members.
Eleven of the so-calIed Progressive
Republicans of the senate, as a re-
suit of the meeting held in senator
La Follette's office, have decided to
support his amendment to the wool
schedule of the tariff bill. Senator
Joe Bristow of Kansas was one of
the senators who Joined in the agree
ment.
The little group of recalcitrants, who
have, in times past, embarrassed the
Republican party and prevented it
from presenting a united front to the
Democrats, also determined to support
the amendments to the metal schedule
offered by Senator Cummins of Iowa |
instead of those prepared by Senator
Oliver of Pennsylvania.
The National Tribune, official paper |
of the Grand Army of the Republic, |
published in Washington, has this to
say about the appointment of Guy o. |
Taylor of Topeka in the pension bureau. |
Guy o. Taylor, of Topeka Kan. |!
was appointed July 16 to succeed Dr. |
az oh
of the Pension Bureau. He is now in |
full charge of that important branch
of the Bureau. Mr.. Taylor was in the |
Topeka Agency from Dec. 1. 1898. until I
1t was transferred to Washington, and !
was a strong candidate for appoint
ment as Collector of Internal Revenue
for Kansas. He was backed by Sem |
ator Thompson.
Mr. Taylor is the son of a veteran I
his father having served as First |
Lieutenant in the 14th ILL.,, and later in
the Kansas Militia in the Indian wars,
about the close of the war.
DR.. Thompson has been made the |
Principal Examiner in charge of the /
Administration Section of the Disburs-
ing Agents Office
Harvey c. Peterson has been nom
mated for appointment as postmaster
at Eskridge. Kan, in the place of Mark
Palmer. The recommendation of Mr.. !
Peterson'S appointment was made by |
Congressman Doolittle
Congressman Taggart has introduced |
a bill in the house to place the name
of Charles L. McC1ung upon the un-
limited retired list of officers of the
navy.
Kansas postmaster appointments
confirmed: Charles H. Harvey, Had
dam; Edward F. Hudson, Fredonia.
star mail route has been estab-
lished between Garden City and Sub
lette, Kan, with a daily service