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Show ! REPORT FAVORABLE of I THE CURRENCY MEASURE Republicans of the House Committee Agree to the Dill Advocated by ' the American Banker Association. ) i Washington. Tho house ocoinmltteo on banking ami currency has ilcclded to make a favorable report on l credit currency bill which Is but Mlghtly, dlffeient fnmi the measure advocated by the American Hankers' association. Ten republicans attended th? committee com-mittee meeting nnd all supported tho measure agned upon, wlillo the four democrats present opposed It. The democrats lu attendance were Representatives Rep-resentatives filass of Virginia; Lewis of (icorglu, (llllepsle of Texas and Le-gure Le-gure of South Carolina. lu thu bill advocated by tha bankers It was provided that a tax of 2',-i per (cnt should be paid by national banks on rredit currency, equal to twenty-live per cent of their capital. The committee Increased tho tax on such hank notes to threo per cent. No change was mnde In tho provision that the national hank may also take1 out u further amount of iiiitlonnl bank guarantee credit notes, equal to 1214 per cent of Its capital, with In terest at the rote of Ilvo per cent. Another change of Importance made by the committee Is one puivldlng that national banking Institution)! desiring to take out ci edit notes, and Inning notes outstanding In excess of V24 per cent of their paid up capital, mu redeem such excess without reference to the limitation of $:t,000,000 each month prescribed by the net of July 12. 1S82. Hunkers estimate the amount of ad dltional currency which tho meusupi would nffoid ut $200,000,000. |