Show Will ML REVIVE REVUE OLD OD MEASURE Proposition to Provide One Clearing ClearingHouse ClearingHouse House in ch State by Con Congressional Congressional Congressional gressional Action New York Nov 30 It is announced that shortly after congress opens next week Senator Thomas C Platt will In Introduce Introduce Introduce In the senate a bill providing for the national Incorporation of clear clearing clearIng ing houses The bill is similar to those which failed of ot passage in 1896 and 1902 It will provide that one clearing house housein houseIn in each state shall have the power to Issue currency to its it members and shall maintain a reserve equal to that required of national banks The pass passage passage passage age of this bill bUl it is said will give congressional sanction to the plan of Issuing clearing house certificates which has been in operation since the ther recent r cent financial stringency began |