Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-06-20
CONGRESS INSPECT!
len CURRENCY BILL
TENTATIVE DRAFT or MEASURE
BRINGS OUT DsscussIoN AIM.
iho At HARMONY.
uNEMsARRAss.No CHANGE
IN SYSTEM 70 INTENTION

solution q Wonoy Prootosn During
Timss 81 strinssney - Directing
Power May b Renewed From Bank
washington, June 20. - Congress
turned it's syes away from the tariff to-
day and scrutinized the Administra-
tons currency bill. While the measure
will not be introduced in both houses
until next week the tentative draft
brought about discussion BY which
the president and democratic leaders
hoped to develop harmony.
While It has been known for some
time that the trainers OF the measure
Secretary McAdoo. Senator Owen. Rep.
resentative Glass and the president
contemplated system OF twelve re-
Rionai panks, which followed the lines
Of trade and domestic commerce, inter-
est centered today in the powers OF
supervision to be exercised by the CEN
trai reserve board Of nine members OF
the reserve banks.
Power Taken From Banl<s. =
r,...,~snoll,,s Il voa MANNED tn give
:, Io.I. .s,,-e..,,4 ,,4otio,, IN tha federal
.as..,a hoard :, IA. arrued that they
would practically have the entire man
axement OF the federal reserve banks
and by placing the board entirely In
government control q check on the re-
serve banks might be assured.
The underlying intention Of the franz
erv has been an unembarrassing change
- ~. hantinr .vstem by Using the
~ u.e D - .1;s,ence
Hls., .,, w" .s.a. - - ~ .ha .nh,ect
Ane pin - .S.a.. av.n hv n.
OF. irequens A
sutnof -. ,..,. .dmin.
Inc prosIelo " ~ Iii, not he
'sIaton % 49, ,s-,,+ ~
cnAnSeo. a y eA1u " - ~ s-.,.
a-r.s~ So. 80 hn.iness men. who
ent DanHers Du. =. .~s D .en.a -
snsnk AZ l. pEAc.ae.D.o :.A ). a
saoss ~ eoIo
n opseaSson y el1 p.,..-.. p..n
Dleane0 ~ sAni. W.y. $1,000 49,
Or na1aonA1 DanA @ce.1 .Hl = 49, s.,s~..I
1eecy y ..i.sts. App,.o. -. .ll on,n.nv-
...sS~ .r -.
3 So - ~. ..cnr,tv Inn. e
lAssseAS -. -. IN. sso,taa
= xeoo ..1S...c. .'..So, -,,,e. laid down
ZOE ieoAseoune u ...s.a,, ..,a, ;ssua
Dy the ssse nao az" - -.
up 70 S9vo.vyo.SsS S =. -...s,,. ,., hold
ihe Aeoe' s y -. -. - ..,a - .,a a n,oun+
% Is pel erha no+.. al.o he
y n-st .rd nermanenr lien on all
come nls. Anu ~. 1919, ps. ra...-na ~ hanks
the assets ol tne Aeu. s'NH....... =. ohta,rad
me e1e1uene ,l,1.-.sS..S, oA = a.,o,aI. 4,
accosons " ,nr..o.+ charve IN
inc iovys rS.. 80 :. - h. e.+ah.
lne no'e .'.s ~ eada..I reserve hoard
nsneo oy en - .ha nravai,,nn
with oue; Iss.-u - s,s-., - :. cal.
cnarse ~ @ ..e ~ ~, - ~. dam.nd ror
cuiaseo ...as u ~, :, as.,tn., n the
money. as ...s,s.. ,,,o,,;a furn,.h
market Ia.e =. -. -s.;,smsnt ~ the
IN
trss su.s .S n e,....o uo...
.s... ~. rsdaroi reserve
IN Ia 49,. 81. %r.n.fe- ~ funds
Doatu ~ ,sss-sI $1,000 hank. tn.
amons us =. -. a,,,n d;.cretion act al
DoeIo m.s 800 ~ ~. reserve hanks
= ciealan. .a,,,.e n. M tha II federal reserve
ana 90 .,,s,, - oct .. clearing house.
.-hn,a,n, nsnAs - hank.
10. ..nI.... 49, ... centered TODAY IN the
1.rt.,- A..ens ,.atnre an one Of the
furdsmentals upon which the entire
IunuA ~ h..sa Th. nower of the
plan r..erva hank is specifically
,ssa,.ad 10 f,iacount notes and bills
:. ahar.. arisine out Of commercial
- l.s.s.tiors
=. :. This nower which. In times Of
.dmintstration OFFICIALS think.
=. al, si,aviate money strinxency.
$50 =. s;,ort r,ns Collateral.