The Birmingham age-herald., 1914-08-05

available for transporting Americans home. The latter would carry about TOGO passengers so that a total of only 1sooo people could be transported, according to estimates.
 100000 Americans in Europe
 The state department estimates that of the 100.o00 or more Americans in Europe, about 20,oo0 urgently want to return. The others have money enough 10 stay in Eu- rope until a second trip is made. Should more Americans want to depart, the only thing administration official think can he cone is to charter all the vessels possible owned by neutral countries.
 Details of the transportation problem will not be worked out for several days. Secretary Garrison voiced the view of ad- ministration officials that there was no particular reason for alarm.
 ''sThere can be no peril to Americans broad he said. 'as the first thought of the warning nations naturally would be to look out for the safety of the foreign CTS, particularly Americans. I do not feel disturbed in the slightest degree
 Hasten to Capital
 Bryan and McAdoo hastened 10 the capitol after the Presidents message re- questing the $2.5000OO for an American 1clcI luIlu 1du Dttn 1etlu III Dol1 IouStS The appropriations committee quickly de- termined to recommend the provision.
 The S2,50 900 the government will send over will be for the relief of Americans who have exhausted their funds and their |letters of credit" said Secretary McAdoo. This fund will be disbursed by the gov ernment and only to Americans who ae- tually are without funds or provision to get them. At the same time the New York bankers will send to Europe $5.00o, GOO or coo for the relief of Americans who still have credits"
 Adolph C. Miller, member of the federal reserve board, is actively in charge Of the financial end of the relief campaign.
 With every prospect of it's being passed by the Senate tomorrow to the bill amend ing the Panama canal act to provide for the admission of foreign built ships to American registry for the foreign trade was favorably reported from the inter- oceanic canals committee during the day by Senator O'Gorman.
 Washington, August 4.-After two days of conferences with bankers and care full investigation of conditions throughout the country, Secretary McAdoo in d for nal statement tonight declared the finan- cial situation to be excellent and an nounced there will be sufficient currency to move crops and meet all demands of business.
 '.The passage by unanimous vote of the House and Senate this afternoon of the amendment to the federal reserve act. ' the statement says, whereby the Secre- tary of the Treasury is vested with pow CT to issue additional national bank cur rency exceeding even so00,00Q,000 as in his judgment may be necessary to pro tect the business situation in this coun- try. puts at rest any question as to tho ability of banks to take care of the situation. There need be no fear what ever of insufficient currency to move the crops and to meet the demands of busi- ness. The bill, as amended authorizes the secretary. in his discretion. to permit national banks to have outstanding a maximum of circulating notes equiva- lent to 125 per cent of their unmpared capital and surplus. This provision will enable banks which have now outstand- ing circulation equal to their capital stock to secure large amount of additional circulation. Applications have been re- ceived from national currency associa- tions throughout the country for addi- tional currency and the applications are being promptly responded to. In many cases banks have applied for additional currency merely precautionary measure.
 Situation Excellent "The situation throughout the country is excellent and no greater testimonial to the inherent strength of our financia and economic position and condition could be given than the way in which the country has wthstood the shock of the greatest European disturbance that has occurred in the last hundred years. "The unanimous vote in the House anc Senate is an inspiring evidence of patriot l ism of the representatives of the Amer. 1 ican people. who, whenever there is g threatened danger, forget party lines ane present a solid front in support of tho common interest,"
 The treasury department continued to. day to ship out additional currency tc associations throughout the country but the move was looked upon purely as pre- cautionary.
 The fact that President Wilson today nominated F. A. DeLano for the federal | reserve board was taken to indicate that the administration hopes the federal re- serve banking system can be put in oper- ation within comparatively short time President Wilson tonight signd the amendment to the Aldrich-V -Vreeland law vesting the Secretary of the Treasury with discretionary power to the amount of currency to be issued under that act Late today the secretary sent to the House a request for an emergency appro- priation of $301 ,465 for the printing of 5000 sheets of national bank and United