| Show y r. r CURRENCY Bill DILL IS ISNOW NOW NOSY UP TO SENATE SMI t. t r. r Emergency Measure Is Passer Passed J Combining Vreeland and Aldrich Views r TO O EXPIRE IN SIX YEARS Democrats ts and Fourteen Republican Republicans Republicans Re Re- Re- Re publicans publican R Register gister Against Action in III House JI Washington ton March 1 Ich 27 A j.-A A patchWork patchwork patch patch- work wor emel emergency currency hilt hill passed the house hous today by JW a vote ot of or loI to lo I It will b be he taken up UI In the senate tomorrow for tor passage f Senator Aldrich won In the conference confer confer- ence once held b by the Republicans on currency currency cur cur- I rency J legislation The principles of t the hc Vreeland bill hill arc are subordinated to I F tho Aldrich plan in the compromise i n agreed upon In addition Senator Al Aldrich Al- Al Inch embodied in the bill as ns it pa passed d tho the house hous a provision IHo under which emergency curren currency mn may be taken out outon on un Zi railroad or oi other industrial bonds i The Tho compromise bill bitt after providing pro provid- L In Ing for the organization of or th the national na- na currency a association banks bankst t along lines laid down as ns the Vreeland bill hili provides pro fhe The rc reserve el c required r to be retaIned regained i- i v l in central reserve and anil reserve resel cities I I is ten p per r cent straight ht Ton Ten Per Pr Cent Tax Tnt A redemption fund of ot ten len per cent r L Instead of or five he per cent required h by S iho tho present law Jaw Is la stipulated and all nil of It stint shall bo ho held hehl In Washington a ton The emergency m r enc currency K shall L not exceed In the a aggregate DOO- DOO Such currency shall be subS subject sub sub- S to a a. l tax of bf five per J er I rent lont for tOl the first month and an nn additional additional addi addi- one per cent per month thereSS there there- SS I after until ton per cent is II reached Y f State count county and municipal bonds S hall anal I be h acceptable as a security for emergency gency currency when ten tn per cent of or their market value I 5 I 1 Other bonds and commercial pap paper r to be u used Nl through currency associations lions Ions t as ba basis bais is ik for emergency currency shall at TO G 5 be similarly acceptable per percent percent cent of or their market value I f Xo No o banks shall be bp allowed allow to take takeout I S out emergency circulation In an amount excessive of thirty per pC cent centS S of its capital and surplus when the I i jo security ClI Ill I'll offered Is commercial paper j No Xo emergency currency ma may be taken 5 4 I out under an any circum circumstances unless s ts the th he bank has hns already taken nut out according to th the present law Jaw an of or currency equal to forty orty per pCr S. S out nt of oC Ita Iti capital tock stock and surplus JL S ds J I t tn a n to eunen y comon corn con conss 5 ss 55 on on C n oC C nino members v t nt t tho the hO 1 house and nine of or th senate S. S fa Is I carried in it the bill bUt The Tc Democrats voted solidly h a against ain t 1 t t the tho t r bill as ns did lid al also o the thc following Republicans ReS Re Re- S publicans 1 h Ilca d Si Brumm Calderhead Campbell Cooper Wisconsin i Fowler Fower Henry and Hill 1111 Conn Coca Lindbergh Morse Murdock Murt Mur- Mur t y dock Kelson eson Prince Waldo Yaldo and Dar Dar- DarS S I |
