The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-11-17
Changes to Meet New
Currency System
Promised.
TO REPORT EARLY
IN NEXT SESSION
Important Questions Originally
Contemplated as Part of Pend
ing Measure Will Be Included.
Progressive Antitrust Pro-
gram Outlined in Three
Murdock Bills.


Washington. November lG-Wtth In,
administration currency BIN du. 10 IL.
reported to the Senate, after lon,. do
lay, a plan To revise the national bank
ine Jaws u meet the mex CURRENCY svs-
tenn has made its appearance il lo,is
iative circles. II viii Include lmpor-
tant questions originally contaminated
as part Of the currency hin. but SET
aside until the next session of Congress.
when IL general revision az h,nlk,,r
laws has been promised by tho admin
| istration
III connection with this proposed re
VISION 'oner"ss VIII take up tiir far
reaching question of rural credits. tn.
problem 81 providing cheaper money for
the ihrmcr. who now mortgages his
lana at nigh rates + interest 10 secure
rtady iuidS In" kurai Credits Com
MISSION, after an eNhauStiN" invcStica-
t"n 81 thc subject. Including an cx-
,tinin;ltloh OF farm loan systems abroad,
Is ~ work on report u Congress.
Mhich VII recommend some sort of !,
~" on the subject Tho commission
'APcCtS - report early IN the next scs-
Sion
~: m.thy recommendations Of the
money trust iHvcstigating committee
81 the House. which went into the uues-
Ton oi IN. concentration OF money ana
cfedlts cNhaustiveiy during tho last
'""EteS ALSO VIII he Scd III the work
=, me revision. The regulation Of
clearing nous" associations ANA stock
"NchahEeS by Federal law Will be con
si"ered IN TINS connection. one or the
provisions which probably viii 10 in
serted III The new law viii forbid in
~ i"NhliS olrtctotateS III national
pahks' an effort has bccn made 10 put
lhis promibiuon IN III" pending cur
lch'S plL but thc administration has
no iV.f. 81
new banking law.
iakrn tp Next Session.
~" senate banking and Currency
ahhilhistfaton supporters this week
"ecnhrd 70 consider = scheme FOR
suaran'tcihS hatipnn! bank deposits
WIN IN" uhuerStandlng that that qucs-
''"I "ouid Dc taken up next session.
advocates 81 the bank law revision
piah are seeking 70 place their projects
inca" oi thc proposed antitrust legts-
Ia aali"h ia the administration program.
~ "n!itVus' program Is being visor-
ousiE d'scusS"d' nut mas not Yet taken
uc"hitc toth, 80 ia' aS the ahniniStra-
t,o'i is concerned. although many iudl-
N'ou'' "htitrus' measures are appear-
Nh IN .h' rouse ana senate
ihe lroSFtssl antitrust program
,nc ,hath 'ca'ufc 90 'hc th'rd rarty,s
ics I'VE piahS Tor the next session, IL
outlined IN three bills which Reprcsen-
'e""ef OF .ne iiouss' VIII introduce to-
m"ffo" IhcN emh"dN proposals To
creatc an interstate Trade commits
SION !" Pr"h''it unfair competition
IN" 70 suppress inonoiohes, Following
conferences nero during thc past siN
months thcy are the Joint production
81 MI. Mufd"ch. Dean Nilham Draper
Lewis 81 th' uhiNrrSitH 81 lehhsNi-
wanna law schooi iierheft Nh"N smith
iofnrr C"ininlsS'uher "l corporations.
ana ioitia - hi'hnere, ulfcc'or OF
thc Progressive National Legislative
reference bureau.
These measures VIII be added 10 the
li"aat I"niei"!E committees '"ei'oS
IAN aoch't oi ahlitusl hlilS' ihuo-
dhcca pS iheihpcrs ~ an 'hFte raiN'eS.
M Mufaock saia to-hisht mat ms
hllis' Wnich lie called the Progressive
trust tr'piets' "ouid SoiVe the wnuic
trust prohlt!h' "ouln Wlpo OUT mohop-
Oily. ana create q lraao commission that
"ouiu reiieNt me courts o' aulhiHistrt-
i've functions IN business ree eu!a,toii
"su "'i"5 a"ici" '"ei""tc 'c'''l !" me
small business hi'th.
=, 'nr'Saic',oh al ,oninission.
me lhoPos'" COMMISSION "ould nave
sever! hvIlhtrS' serving ScN'h-Ncaf
'eii''s' ~ Sip'oVu Sc'i oaCh' ne com
hiissioh Ju'isu'ctioh Woui" ne iiiliicd
:" eoi 'oi''ioha 'i''' "uSsics coniniha
lions haNihe more tHai S"'poVooo gross
Hii""''i ' ts'e'i''' .toiil 'uHi"csa ~ thc
,hi.c" @'htcs' ~ Wo"ia nave piehary
power TO get complete Information, to
cr!.i''"e ~" make pubic "Vefc'tpitah-
""''"'i, "i'''ii 'oi'pc'iit"i, HlisFcPrc-
sc"'"' ioh ~ "pptcsS'Nc use o. credil'
= ~" 70 "sSiSt " courts III enforcing
uetrecs oi uissolHlioh.
me. .io'h'hs "ircS,ora,eS. oppressive
,' - ioc'' 'i"cu priee-c"l-
'ifE. procuring laFors from common
c"r rl'elS ana procuring dlshohcst con-
uuct from en!plo!es oi competitors are
a"'ohE uHia!i lia"c practices thc See