| Show MEASURE fiNALLY FALLY PASSED Vote Almost Along Party Lines Stood 42 For and 16 Against UTAH IN THE TIlE AYE COLUMN i However I c cl Gi Cn CIn ni lI l Amendments lII nuH II When ls Counted iiI i Al AI Inch currency bill win Will passed by bV the tilO today lo ar b by iy a IL vote volo oC or O 42 to In hi tho main b 1 a 1 Pi party ty vote Previous to o the of U the tho vote voto on oil tho thu th Al At I taken tho tIit lift JIll a I voto ote was on Bailey Dallo substitute the ROV gos ov Instead or of tho thu national banks to 10 l sUt f the emergency for fOl O which tho bill hIli provides Tho Iho the substitute lo stood 12 42 to 13 vote ole ote on iii rind anil this vote wan UH entirely even eyen Senator S Uv Iti catIng hit his vote yolo the Iho The he bill hili hits bu been before tho emte since Jim Jan 2 The Tho Th vote voto was not reported until after 6 p I ni Ill and anti tho the were wen practically empty An Au Interesting ot of the tho pas a ange of OC the bill bitt was a II reiteration by MI Mr Aldrich of or his hi promise to bring brill In III Ina a Ii bill for or an m Investigation of or the thu cn en entire tire lire banking system s of or tho tile country with a ft VhS to reforms 1 As t s IM cd the bill provides for Cor nol nut mure than of or I currency to 10 be Issued to t national I banks tanks upon the deposit t by b I them of oC date glate and municipal to iq f f In tc approved j by ly the secretory ot Or thu tho thuI I treasury The Currency Is It to lo IKS ho Is surd SUtI with II ft view Ie to an ani i distribution Lion of oC tho Uio cu I over the United States and in uc no f with tho Iho unimpaired capital capitalI I and surplus ut oC banks In each state Banks Danks ore to 10 pay pa for Ot or this emergency emergene I circulation of or I 1 I per pm cent a IL ILI ati i month curing au ring the Four our months l It ItIs ItIs itI I I Is I circulated and afterwards three a quarters or of 1 i per lor cent a 1 month The bill provides that national banks binks shall pay not loss 1088 than 1 per Ier percent cent tent on government funds deposited with hANK DANK RESERVES AN ts Is amended today the tile bill curries an nn Important change In III banking laws to bank banI reserves rc This i amendment ll that of oC the tho 15 lr IT cent reserve required require to 10 be bo kept by lay b banks not In III 1 reserve cities elUm foUl four of oC this Is Js to bo ho kept III In tile the aull of oC tho banks s and of oC that amount call can be In tho the form to Im Imo of o of ot the thc kind Iid required By 1 another amendment agreed to today tile the period luring hiring which half of I 1 per cent interest l Is to be charged was reduced from r rein six to four our months utter which of oC 1 per pc nt Is to 10 bo 10 h charged until redeemed I f AMENDMENT D DAt At tho thu instance of or Mr MI h LaFollette an ill amendment adopted l prohibit ilIg ju thy any 1111 national hank bank train from Investing Its ilK funds In stocks tock or rn 0 other securities I ot or tt a II corporation the 01 or threat direct directors orts ors of or which tate are IU or 01 directors ot or tho tile bunk hanl noah providing a II penalty ot or Imprisonment of or from ruin 1011 one to five years eals In accepting this amendment Mr MI Aldrich stated that ho had nol not tulle time to consider the fully but ut was In III sympathy with Its general purpose Hi Iho said It t could coul bo ito perfect ller t cd cal In It conference The Tue to II n a provi provision sion for lIl a it 11 government guarantee of lI deposits III In national banks was tho the subject of r till extended debate tie bate and was defeated by u a vote olo of 11 ii to 40 IG most ot or the tho Democratic rotc voto oto being behl against the tho proposition AMENDMENTS Another amendment t offered by h Mr loans lollIs by na ha banks to It Us lis or to any the tilt majority stock of or which Is owned by the tho of oC the hank bank It was as u was Want al also o onn nn all offered by hi b Mr Nelson Minn providing that no jie or 01 of oC a at 1 national bank batIk shall lx isi It n of or a stock toek exchange or en era engaged In III buying or oh II selling fellinI stocks or bonds on a II basis busis bUI II An All by b Mr Lal to punish h by hy front from otto to live lIe years Im tin Imprisonment any nn falsification In bank securities WItS was I hut but was two pro protested tested by Senator Knox Kii x us liS al ai already I I toady ready provided lot for by existing larv Ill BAILEY BAnI BEATEN Hl AlEN Benator Teller offered on OIl request ot or Senator Bailey Texas who Iho was 1111 ab absent soul sent tho tue substitute currency bill hili of or orthe the senator from rout Texas which ho ha h stated was WIH In III tile the main similar to the tho ti Aldrich bill hili with tho tile difference that It provides Ieli for government Instead III stead of oC bank paper and asked for fOl or a roll call Tho lile ote vote was 13 IS to 42 12 against tho thu bill bitt tho the vote voto was taken on the tho Aldrich bill Senator Toilet Toiler explained his i reasons for fOI voting for fur tho incas meas measure tire ure VOTE IN IK DETAIL DI TAIl Following was Ul tho the vote on tho tile i PaS IS PaSsage s sage SUC of or tho tile bill hut Yeas Ankeny Burkett Burnham Bur Dur Burrows Durrow rows row Crane Crano Cullom Curtis Depew Dick Bick Dixon Dolliver Dupont Flint Frye Gallin gor gr Gamble Hopkins Johnston Oem Dem Kean Knox Lodge Long Lo II g Macumber Nelson Owen Owell Dem Dam Perkins Plies Piles Smith of or Michigan Smoot Stephen Stephenson son Sutherland Teller leller Dew Dem ncr Jle ici Warren and nn 1 Total 42 43 Mays B Borah Rep Hep Bourne Rep Hep Drown Rep Culber Cui be beon xon SI on Frazier 1 Gary Gury Gore Goto Rep Bel LaFollette Rep McCreary l I or 1 Total 16 IMPORTANT l IE Td Following Is I tho tile text of ot nhit amendments to In tile tho bill which wore store 10 today Uy lJ B Senator Johnston T Alabama That Flint 1 1909 1 0 national bunk lug Ing III associations located outside of oC fit ye servo or central reserve cities which h nix nr 1 now required l by II law to keep keel a Ii re ro reserve serve lSe equal to 15 tier per edit cent of oC their de tie deposit posit liabilities hereafter hold 1011 1101 1 In their 1011 own Owl vaults nultA of or thick their either cither In lawful money us required by Isy law hair or er In III the tho securities enumerated 1 in section two ot or this net act which shall have hae boon been approved by hy bythe hythe the secretary nt or tho the treasury provid provided ed oil however that t not lint more Inore than otto one third of oC the tho reserves 1 required to bo lit In tho vaults of ot such associations loriS shall elicit be livid held In III such securities Hy By 11 Senator Allison A SOli Provided tint that tho thio deposits Ile under this section of oC re ro retire retire tire notes floten secured by the UI deposit of ot bonds othor than ot or the tho United States State Khali not ho lie covered Into lute tho treasury as UI required by section 6 G of or nn tin art act entitled An Au act directing the tho purchase of or silver bullion hull Ion etc ap approved proved July 1111 II H IWO 10 but shall lie be re ru retained trained III In treasury for or the thc hair pur purpose pose pORe of or redeeming tho the notes noles of or the tho bank making mailing such Iu h deposit PENALTY ATTACHED D DB By Ii B Senator No national banking association shall Invest InveRt any an part ot of Its funds or deposits In tho thu stocks or 01 other securities of any cur cor or 01 association ul any of oC the thoo of officers or oi directors of or which arc are officers 01 or directors of oC such banking association lion tion Any An ce I or II director ot or any national banking association a who knowingly violates viol ales or consents cu to tho th violation ot ur f tho the foregoing provision shall shull be IKS deemed guilty of or a It meanor and shall upon conviction thereof In iii any nn circuit or district court of or tho tha th United States Hates be bu b Imprisoned not less than ono one year and und not mote bole than diati five years yearn Uy thy Senator LaFollette It shall shall bo be bothe bothe bethe the duty of or the comptroller of or the cur currency ur rency relic belle to tn cause such reports of ot notes noles In circulation to be v verified jd by ly of oC the tho hanks banks records and any an ot of any un banking association false fhe falsely ly iy J the tho amount of ot Its Us notes in Inci circulation ci shall upon conviction there thereof thereof of In iii any nil or district court of oC the thO United States be punished by a n nile ot not blot less lews le H than thull 1000 nor nOI more moro than jr 55 OCO or ot 0 by h Imprisonment for or not los s than thal one year cur nor nol more than thull live Iv years yelles fUIS 01 or by both hoth such lIuch line tine and Imprisonment Republican I icon 1111 lenders leaders lea III In the house were very vory reticent today about 1 out the tho pre pro predicting predicting dieting th court ot or the tho Aldrich bill billIn billin In that branch of or Congress Speaker Caution Cannon retrained refrained lI from rein making continent comment and some of or tim the chiefs ot or the majority were equally ua II silent Inquiries on Oh the tile Democratic side to today tiny day showed a 3 general III understanding that tho the minority will hold pretty fast tn tO Its It agreement to support tho the cur CUl currency Fancy rency rIme bill hili Introduced Introduce by b Its leader John Sharp Williams This bill was scats reported favorably to tile the house honse by b the Demo Democratic cratic members of the tile banking talking anti and cur CUl currency rency reliC committee as n II substitute for tile the Fowler Fossler bill |
