Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-02-18
New York Senator's Plan
to Cut Gut Free Tolls to
Coastwise Shipping De-
feated by Vote Of Z to 3.
CANADIAN TALKED
ON MONEY REFORM

ClSCu kAIllCl lSCAA
Plan to Override Taft's
Veto of immigration Bill
Washington, d. G., Feb. 17.-Sena'
tor Roots proposed amendment to the
Panama canal law to repeal the pro-
vision giving free passage to American
coastwise ships was rejected today BY
the senate committee on interoceanic
canals. A motion to table It carried,
Z to 8, Senators Brandegee. Page and
Percy opposing.
The decision Of the committee, II is
believed, will prevent action IN the
senate at this session. No report VIII
he made and there will be no oppor-
tunity for supporters Of the Root
amendment to put in minority find
ing.
Some senator's who voted to table
the proposal declared they did SO Pc
cause they believed the tolls question
was too important to be disposed OF
In the short time available for debate
in the present congress. S
Canadian crltlcises Banks.
Sir Edmund Walker, q Canadian
banking authority, before the currency
reform committee Of the house. declar-i
cd the defects Of the United states
banking system were a lack of flexible
cnrrency. fixed reserves which dissi-
pated needed cash in times OF stress,
and the absence Of a re.discount DanK.
Sir Edmund declared that the banks
of the United States had not grown
IN relation to the great industries Of
the country and that they We're now
"behind the tines He recommended
a system Of regional banking organiza-
tons to strengthen the individual
hanks but said that he was not In
favor of the Aldrich plan without
qualifications"
IN these regional divisions, he said
the banks should be allowed to issue
asset currency, in bank note form
which would appear as 1t was needed
and disappear when the need Tor II
had passed. The national bank note
system he said should be continued
and be perfected. NJ
The witness thought that in addition
to maintaining the national banking
system, the individual banking sys-
tenn, should be aided by the govern
ment. He recommended that permts-
sion be granted to private bankers to
establish large banks in the large
cities Of the country with branches In
foreign countries.
He said that bad banking would not
be prevented by government guarantee
of deposits.
Trysto Overcome Veto.
Supporters of the Burnett Dilling-1
ham immigration bill, vetoed last Fri
day by President Taft, renewed their
convass as congress convened today
for an attempt to over ride the presi-
dents disapproval.
It would require two-thirds vote
in both houses. House leaders thought
the bill could be re-passed there anu
that the question seemed to lie with
the senate. Senator Lodge was fore
most among those who declared the
re-passage could get the necessary two
thirds vote in the upper body.
Still on Dam Bill.
Still working on the Legislative
day Of last Tuesday, when the legis-
lature assembled again today it pre-
pared to take up the Connecticut river
dam bill with the prospect of voting on
It before night. The bill has been
sturdily pressed by advocates of con-
Servation as one of the opening
wedges in the governments plan to
control water power and it has been
fiercely fought by others who hold
such an action an infringement upon
the rights of the states.
Includes Wire and Express.
The LaFollette-Adamson railway
valuation bill was today tentatively
amended at hearing before the sen
ate interstate commerce committee to
extend the valuation to telegraph and
express property as well as to any
other common carriers Of interstate
commerce.
Withdraw Transit Privileges.
All requirements and orders provid-
ing for enforcement OF freight transit
privileges now in effect we're with
drawn today by the interstate COM
merce commission. This action leaves
open the entire subject OF transit priv
ileges on all commodities, particularly
on grain and lumber.