Show i FINANCIAL BILL PRESENT I Senator Aldrich to Introduce Money Measure in n 1 Congress FOR EM EMERGENCY CURRENCY May Issue Not to Exceed Secured by Collateral Collateral- Washington Jun Jan 0 G. leaders rN In congress sH toda today determined upon a currency bill LIB for tOl tho time relief of or tin tim financial strain throughout the time country which will be hL Introduced In Limo tho senate h by Senator Aldrich l tomorrow The rita bill was wa prepared as a stop to c crita tin tIme clamor nI Eu which Is 18 coming in Imm upon Te ts irom every cry state slate in III time tile Union I It provides pro for an emergency currency to be lie Issued by the tIme national banks to toan toman an man amount riot not to tu exceed A tax Of or six ix Jl per 1 cent Is to be placed upOn these lucite bank bani notes notI and amid th they arc are to be Issued upon collateral other than government gO 1 bonds H Uy 11 this thia method Senator Aldrich Aidi be Le- he lie has tins met a em very Cl very Jl- Jl un tI on successfully II Ills Is bill does not disturb time the mone money combine In an any wn way 01 or foro with Its methods of of- of finan titian titian- cial depression as 38 It will bo be In possession posses sion slon of ut the time material with which to I build the time bridge In lii the time shape of ut ties 1 necessary to tu get gel the time emergency notes It Is h understood that the bill provide pro pro- vide tlde to for I a hoard board composed of the tho of or the time treasury the till comp roller of ot tho the currency and anti the time United States te treasurer usurer who shall ha have hatho th time tho power to determine th the class clus of ties tie to be lie deposited with tho timo govern govern- as collateral for fOl the cy hank bank notes They Tho shall also fix th the thA amount of ur notes flutes to be bc Issued on th the various values of or tho time securities do do- do o- o posited First class railroad bonds and other 1 securities generally approved d fo for COl III e Investment b by savings institutions are to he be accepted It Is understood 1 Time TIle he Unit lit draft of the bill was waR submitted submitted sub suh- to Speaker Cannon b by Mr 11 Al- Al tonight and amid to Secretary Cortel- Cortel yoU jou of tIme the treasury d department department- t. t Ac- Ac to reliable Information It was approved by 11 them and will bo be pus passed sed sedat at an au Lar early date The 1111 determination of or Mr 11 Aldrich to his hi position that flint no financial legislation was necessary ut at this session ses sea sion slun was watS made while ho lie was wat In New York lork d during timer the holiday roce recess s. s |