Salt Lake Tribune | 1913-09-15 | Page 5 | House Will Work on Currency Measure

HOUSE WiLL WOK ON CURRENCY MEASURE j Many Amendments Expected' to Be Offered and Very Few Adopted. , i WASHINGTON, SepL U.-Wllh the tariff bill being completed and the administration ad-ministration currency bill under way in the house, the coming week in congress promises to mark progress toward the Inscribing on the statute books the legislation leg-islation pressed by President Wilson. ' The senate and housn points Jn the tariff bill In disagreement bctwen the two nouses have made much progress. The house this week will take up th currency bill in detail, -with the grist Lr.mntnt.VL r th0 wa" thn measure nou will be taken up for amendment, and alt hough tho approval of the Democratic caucus 1b expected to prevent any changes, various attempts will bo made to alter some provisions. uT!c 2e?,Uo,,u ProvWIusr that national banks shall subscribe 20 per cent of their capital and 5 per cent of their deposits to the proposed federal reservo banks and Ihe provision making reserve bank notes government obligations, will be principal points of attack. The senate banking committee will resume re-sume hearing bankers, financial experts and merchants Tuesday when the first of seventeen witnesses will appear. The house lobby committee after tomorrow tomor-row will suspend hearings temporarily and prepare a report. Former Representatives Represent-atives Ralph D. Cole of Ohio and C. E. J'lttloflcld of Maine arc expected to testify tes-tify before the Inquiry Is concluded.