Show NEW CURRENCY BILL Congressman Fowler Introduces u STcacuro in Accord With View of Republican Members Washington Dec Representative Fowler chairman of the Hougo Committee Commit-tee on Banking and Currency Introduced a hill today which wasdrown by him In accordance with the views of time Republican Re-publican members exprcwud at recent conference und which will be urged In niiiul of time currency bill reported to the House a the lust l session Tho bill providers thut 1ammy National honk may with the approval ol tho Comptroller Comp-troller nif tho Currency take out for Is I nile and circulation an amount of National bank notvs nol exceeding I i per cent of Its pnldup amid unimpaired capftul I vithr out IfpnulUiiK United SlateR nondp with tho United Sluice trcnmiry hi the manner provided by existing law That said National bank notes < shall bi furnished by tho United States at tho expcnao of till resj > ecllvis banks Issuing I thor and shall bi In the denominations of 10 and multlplcr thereof That before any National bank ohall receive any of the bank notes referred LOIn LO-In this act It shall first deposit In Limo treasury of tho United States rI a guaranty guar-anty Of tho payment thereof an amount of United States bonds or gold coin or both equal to o par cent of tho amount of the notes HO taken out and such deposit de-posit hall bo counted no part of the lawful reserve of said bonk against wild notes Tho interest upon suid bonds shall bo paid to the bank PO depositing them and If End bank shall retire auld circulation or any portion thereof an amount of bonds or gold coin or both equal I to timer t-imer cent of Lime notes so retired shall bo returned to oald bunk provided however that If It should lM necessary to Hell Hair bonds for Limo purposes deilned In Ihlsv act the Secretary of tIme Trcauury IH authorized au-thorized to dlapoao of the mime and use tho proceeds In accordance with tho provisions pro-visions herein contained A tnx of ononuurlcr of 1 per cent Is to be paid on the 1st days of January and July of each year In gold on tho average amount of mid notes In circulation circula-tion during the preceding six months which tax together with tho I per cent deposited shall conatlCuto a guarantee fund The bill provides that these notes shall bo a lion on tho banks Issuing thorn rovlslpn In made for the redemption of tho notes and the protection of tho United States In case u bank falls |