The Ontario Argus. (Ontario, Or.) 1???-1947, 1913-11-20
news FROM OUR
NATIONAL CAPITAL
Plan to Revise National Bank.
Ing Laws TO Meet New
Currency System.

Washington.-With the administra
ton currency bill to be reported to the
senate this week after long delay, q
plan to revise the national banking
laws to meet the new currency system
has made It's appearance in legislative
circles. II will include important
questions originally contemplated as
part OF the currency bill, but set
aside until the next session OF con.
gress, when general revision of
banking laws has been promised by
the administration.
In connection with this proposed re.
vision congress will take up tho far.
reaching question Of rural credits. One
Of the provisions which probably will
be inserted In the new law will for.
bid interlocking directorates in nation.
al banks. An effort has been made
to put this prohibition in the pending
currency bill, but the administration
has maintained that II should 20 into
the new banking law.
The senate banking and currency
administration supporters have de-
clined to consider a scheme for guar.
anteeing national bank deposits, with
the understanding that that question
would be taken up next session.
Advocates OF the bank law revision
plan are seeking TO place their pro
tects ahead Of the proposed antitrust
legislation In the administration pro-
gram.
Commission idea Rules irrIostIon
The United States Reclamation Ser.
vice now In operating under what Sec.
retary Lane terms the commission
form OF government" and II this plan
proves success. the new directorate
Will continue indefinitely. When sift.
ing the complaints that have been
made for years against the reclama.
tion service, Secretary Lane arrived
at the conclusion that there should bo
a greater division OF authority than
prevailed In the service as first or.
ganized and created what IN now
known as the Reclamation Commits.
sion, consulting OF five men. This new
commission. whose organization has !
been perfected only recently. consists
OF y. II. Newell, director: A. p. Dn.
Wis. chief engineer; W. II. King. chief
counsel; w. A. Ryan. controller. and
J. ID. o'Donneli. irrigation manager.
The commission meets once "a week
In conference with Secretary Lane /,
and at the weekly meetings all ques.
tons OF policy are settled. all plans
for construction work are approved
and all contracts let.
Message VIII BE Short
President Wilson has announced he
would read In person his first annual
message 10 congress.
The president thus far has read
three brief adresses-on the tariff. the
currency and the Mexican affairs
but II was not definitely known
whether his first communication to
the regular session OF congress would
be In accordance with the century-old
precedent which he revived last
March. Mr., Wilson inaicated that no
such long and voluminous messages
as have heretofore been sent by presi.
dents TO congress will be- prepared by
him.
Sale Of Cruiser Boston Fought
The department OF Justice has filed
In the supreme court It's brief In be-.
half Of Secretary OF the Navy Daniels
In the case OF A. Goldberg. OF yancou.
yer. u. C.. who Is seeking TO compel
the navy department TO deliver TO him
the United States cruiser Boston put
up for sale TO the hiesst biddhsr In
1910. The lower courts here decided
against Goldberg. although he showed
he had deposited n certified check for {
10000 with the department which the {
secretary would not accept
The navy department declared the
secretary had discretion In such mat.
ers and had withdrawn the vessel Z
rom sale TO lend Il 10 the Oregon q
State naval militia. Goldberg con.
ended the secretary had no authority
o take such action.
National Capital BrevItles
Dudley Field Malone. third assistant n
ecretary OF state. may be selected by n
resident Wilson as collector OF the
'ort OF New York To succeed John 4.
iitchell
Cold storage is responsible for high @
rices OF eggs, says the department a
{ agriculture, The supply OF eggs is n
aid TO have Increased steadily In the o
asst IA years al
About 100 delegates, representing a
very state In the Union and every {,
hsde of opinion were present az the "
fth National Conservation Congress.