Show CURRENCY RELIEF BILLS A number of measures have been lu troduccd In Congress designed to insure greater elasticity in the currency among them one by Senator D pew to provide an emergency currency which shall be Bupplled under stated restrict Uons to all banks with a strength of 50000 capital or over such to receive emergency capital to the amount of 50 per cent of Its capital this to be used only In an emergency sufficiently serious seri-ous to Jeopardize values and imperil business and commercial Interesta edo e-do not look to see any action on lines like this Representative Charles N Fowler of Now Jersey chairman of the IIou e Committee on Banking and Currency has introduced a bill which Is more likely to receive attention and may be I enacted into law It provides for the pormlssory Issue f by any national bank of nn additional amount of currency equal to 25 per cent of Its paidup and unimpaired capital proIdcd It deposit with the U S Treasurer an amount of U S bonds or gold coin equal to 5 percent per-cent of such additional issue of currency curren-cy That Is a far better emergency proposition than Senator Depcws and Is said to have the support of tho Ke publIcan members of the hoUse The design of these measures la to relieve re-lieve the Secretary of the Treasury from the Importunities of those who fellng the absolute need of more currency cur-rency apply to him to supply It I from the great hoardn In the treasury which arc withdrawn from trade channels by reason of the accumulated surplus and the deposits made in exchange for treasury certificates which are said lobe lo-be luld away und not put Into circulation circula-tion At the cropmoving scavon Secretary Sec-retary Shaw came to the relief of the market and supplied the needed currency cur-rency but his action was criticised and its legality questioned Therefore It lo now sought to provide an unquestionable unquestion-able remedy vhlch will be ample for the needs of commerce |