New Britain herald., 1916-05-08
TILS0N- N-FREEMAN
 OPPOSED TO BREAK
Do Not Believe Germany Has Of-
 tended the United States
Especial to the Herald.)

TeCeuI ueVSlOpI1lonCS III the rolatlOnS between the United States and Ger many, Representatives Tilson and Freeman say that they do not think that up to this time Germany has giv- en the United States sufficient provo cation to go to war.
 Representatives Oakley and Hill are nOncOmmitta1 on the subject.
 Invest Savings Deposits.
 Provision for investment of the de- pOsits in savings bank departments of national banks is made in a bill intro duced today by Representative E. J. Hill of Connecticut, which proposes to amend the federal reserve and banking and currency law of 1913 by adding the following paragraph to sec tiOn A of that act:
 National banks conducting savings departments, with savings accounts se- gregated and with the five per cent. reserve maintained against them as re- quired for time deposits under the federal reserve law, may invest the deposits in such departments accord ing to the laws regulating the invest ments of savings banks in the States in which such banks are located, pro- vided that the State law shall have been approved for that purpose by the federal reserve board and regulations prescribed by said board for the su- pervision and examination of such savings bank departments of national banks.'
 Representative Tilson of Connecti- cut says that as a result of the pas sage by the house of an emergency bill
  camps and maneuvers of the army during this fiscal year which ends June 30 next, just that much less ap- propriation will be carried for similar purposes by the regular army appro- piation bill which will be taken up in the house when the army reorganiza- ton bill has been agreed upon.
 All the Connecticut delegation in the house voted for a bill to authorize in creased compensation for members of the army and navy who are employed by the Haitian government in carrying out the recent treaty negotiated be- tween the two countries for an Amer ican protectOrate over the Black re- public The men would draw some pay under this bill from the Haitian gov ernment if the president approved. ILSpI SSSIldIINC IIISOI SApldlIo0 I1ldC they would get nothing extra unless the president O. K.'d it, and he was willing to trust the president.
 American Gold.
 Representative Hill discussed one or two financial and banking problems in the house when a bill came up rela- tive to the recoining of gold. He said among other things:
 The gentleman from Minnesota (Mr. Miller.) said that he wants to see American coin go all over the world. Some years ago I visited the vaults of the Bank of England. 1 had the same patriotic idea that the gentleman from Minnesota has, and I found that the only result of not having such a law as this was that the United States, England, and France all went to the expense f melting down one another's money and coining it into their own coin, This bill will tend largely to prevent that, and save not only this govern ment but other governm ents the ex- pense of unnecessary recOining. The gentleman from Illinois (Mr. Mann) very appropriately says that we have been receiving a large amount of gold from abroad The probability is that when the war is over a great deal of that gold will go back again. Now sup posing we coin that into American coin, what will happen? It goes over to Paris and to London, and the result will be that if you go into the vaults of the respective banks you will find a little machine with an arm one one side, a funnel at the top. and they pour the coin into the funnel; it runs down grade until it comes to the end of the arm, and then if it is the least mite lightweight it is tossed to one side; if it is full weight it is tossed to the other side; it is Separating the sheep from the goats" If it is a lightweight in the slightest degree. it is recoined: it goes into the worlds commerce and again and we have been in the habit of melting it down into American coin to put it behind our gold certi- fcates, and so it goes on year after year. perfect economic absurditv. and this bill in a large degree cor rects that thing. There ought not to be the slightest opposition to it on the part of anybody"
 'Is the gentleman sure that this bill does to any large extent cure that troub1e?' asked MT. Bonnet of New York.
 CT think it does,'' said Hill. "It a1- lows the treasury to use a larger pro- portion of gold bullion and foreign coin, instead of changing it into American coin. and putting it behind the certificate in the form it was re- ceived.''
 "Along about the sixtieth or the congress we passed some sort of an act to do away with re- coinage" remarked Bonnet, to which Hill replied:
 tHTo some extent we did but this