The Washington herald., 1913-09-17
MIRTH PERVADES
BANKING DEBATE
Johnson Of Washington Sug-
gests Comic Vignettes for
New Notes.
HOUSE HAS REAL FUN
Proposal Is Made that Reverse Side
of Bills Should Contain Group
of YodIers and Jugglers.

representative Albert JChnsOno Of
Washington had five minutes fun with
the House yesterday when he offered an
amendment to the currency bill changing
the vignettes on the present system Of
note printing with a view to bringing the
new currency line with the ideas upon
which Mr.. Johnson charges il is based
Mr.. johnson wants vignette OF the
late Gen. J. b. Weaver. one-time POpu-
list candidate for the Presidency, to
adurn all five dollar notes. The ten
dollar notes will be decorated with the
whiskers Of the late Senator William Pcf-
fer of Kansas. If Mr.. johnson has his
way. The smiling, rOutund figure Of
Silver Dick" Bland OF Missouri will
decorate the twenties. The red head
OF Thomas Watson OF Georgia is suG-
Eestcd for the fifty dollar notes.
In compliment to the author OF the
measure the face Of Charm an Carter
Glass is suggested for the hundreds.
while upon the new two-hundred and fifty
denomination Mr.. johnson suggests a
reproduction of the graceful form OF the
present Secretary Of State, reciting his
lecture THE Signs of the Times" on
the reverse Of the bill Mr.. Johnson pro-
poses a group Of juEglers, Tyrolean
Nodlers, and the FlOrentine Concert
Band.
Good Progress Made.
The House made excellent progress with
the bill yesterday, speeding up the proc
ess OF its consideration under the five
minute rule TO such an extent that now
more than twO-thirds OF the bill has
been reviewed.
An important committee amendment
was voted into the bill yesterday. 1t
was presented by Representative Robert
]. Bulkley. chairman Glass right-hand
man in the handling Of the measure on
the floor.
The Bulkley amendment provides that
the banks which become members of the
proposed new system shall enjoy an un-
limited rediscount privilege with the Fed
eral reserve bank. Chairman Glass and
Representatives Bulkley and Phelan of
Massachusetts contended in the commit
tee that the hill in its present form
would limit the rediscounting of paper
of member banks to the amount of their
capital stock. Under this provision. they
said, the main purpose of the biIl-to al
low sufficient means for securing cur
rency on commercial paper in stressful
times-would be defeated
The majority Of the committee there
fore, declared that banks should be al
lowed TO place with Federal reserve
banks any amount of paper coming to
eaAN'A' ~ hiAt AtbhAdl tOuTSt Oh business.
On the ground that it would unduIy in
fate credit, Representative Wlngo of
Arkansas, Democrat. also a member of
the Banking and Currency Committee,
opposed the amendment. but without
avail
Mnrdock Fails Again.
Once more Representative Victor Muir
dock of Kansas, floor leader for the Pro-
gressives. endeavored to secure the in
sertiOn of the anti-interlocking directo-
rates provision in the bill Mr. Murdoch
offered lengthy amendment embracing
many of the recommendations of the
Pujo money trust committee of the Sixty
second Congress. The amendment also
included provision for cumulative voting
of stock in the election of bank direc-
tors.
The Murdoch amendment was opposed
by Chairman Glass as had been its pred
ecessors on the ground that the aboli-
ton of the interlocking directorates was
not matter properly to be included in a
currency bill This he had repeatedly ex-
planned in Democratic caucus and in his
own speech in advocacy of the bill last
Saturday. He read a letter from Samuel
Untermyer, who was counsel for the Pujo
Committee. which set forth that the
pending currency legislation should not
he complicated by the present considera-
ton of the Pujo Committees recommen-
datiOns.
Representative Bulkley. acting for the
of the Banking and Currency
Committee, took entire charge Of the
amendments correcting the
Of the bill in minor details
He explained each one as he introduced
1t and all Of them were voted into the
bill.