Salt Lake Tribune | 1902-04-06 | Page 25 | New Financial Bill

NEW FINANCIAL BILL House Committee on Currency Orders Favorable Report on Measure Wnohlncton April GTho House Com mltteo on Banking and Currency by n vote on party lines today ordered a fn vornnlo report on tho financial bill framed by tho Republican members of Iho com mltlco and introduced by Chairman Fowler Fow-ler to maintain tho gold standard pro vldo an clastic currency equalize the rates of interest throughout tho country and further amend the national banking laws Tho dQtnlls of the measure were given when Mr Fowler introduced It and slnco then the changes made have not affected any of tho principles of tho bill It brings I together many piano which have heretofore hereto-fore been urged separately A division of banking nnd currency In created In tho Treasury department with a board of control of three members mi perscdlng the present Comptroller of tho Currency The methods by which banks may take out circulation are provided the parity of tho silver dollar with gold Is established provision for tho establishment I estab-lishment of brunch national < 1nl in made Oliver bullion In the treasury la I lolo I lo-lo coined into nubsldlary silver guaranty funds aro provided to protect against Insolvent I In-solvent bank