Show NEW FEATURE OF CURRENCY ncy BILL DILL n PROVIDES FOR centralization OF ONE HALF OF REGIONAL BANKS RESERVE would be under complete Cont control rolof ol 01 federal reserve board for the aid and convenience of entire banking system washington an entirely new now fea ture was tentatively written into the administration currency bill wednesday by tho the senate committee after a full day of heated wrangle the new plan was characterized by chairman owen chief administration supporter lu in the committee to a equivalent to a cantral bank ho said the commit tee too adjourned with the matter up in the air I 1 the new now scheme would provide for the tho centralization of one halt half of the reserves to be held by tho regional banks in the proposed new system thia this proportion would be placed un der the complete control of or tho the fed eral reserve board and be located in washington to be administered for the aid and convenience ol 01 the entire banking system As finally voted upon the proposal was a modi fi catlon cation of a plan proposed by sena tor reed of missouri who suggested it as a means of the wide differences among members of the committee senator reed and sena tor hitchcock joined with the republicans in voting for the plan which was as opposed by Sena torsh owen pom ereno orene hollis ogorman and |