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Show " MINORITY CURRENCY BILL ' HDW BEFORE HIE HOUSE Democratic Leader Introduces Meas ure Agreed Upon by Minority Members ef Committee on Danklng. Washington What will be known ss "tha minority currency bill" was Introduced on Krldny by Hpreenla-Uve Hpreenla-Uve John fthnrp Williams of Mississippi, Missis-sippi, the Democratic leader ot tho house, who drew the meaatti as a result or n harmonious conference of Democratic members of the bouse ccmmlttee on banking It ropeala all laws permitting national na-tional banka to keep three-filths ot their reaerves In national banka of reserve re-serve cities and similar laws permitting permit-ting such deposit of one-half of the reserve amounts It provides that not less than nnc-.lialf nnc-.lialf of the reserves now requited to be kept In lawful money In central reserve cities shall be hereafter held In gold or gold certlllcales. It does away with the payment of national bank examiners by the fee system, and substitutes salaries not leaa than S3 WW nor In excess of 15 000 yearly, with actual expenses It provide that the total liabilities of any national bank, exclusive or tho liabilities or Ita members, shall not exceed one-tenth ot the bank's pnld-ln and unimpaired capital stock, and one tenth ot Its Impaired surplus lunds, nnd that In no event shall the liabilities exceed SO per cent ot the capital stock No national bank shall loan In thn aggregate? more than seven limes the amount of Its paid up capital plus Ita unimpaired surplus Any national bank may keep IW er cent of Ita reserve in United rltates bonds or bonds of states, or in tho bonds nt certain municipalities, tut not more than one-fourth of tho total reserve mny be kept In stato or municipal bonds, and the bonds shall bo acceptable only of such municipalities municipal-ities as have maintained their bonds ct or above par for six yesm preceding, preced-ing, and hnve been In corporate exist-ense exist-ense ten oars, and have never de faulted In their funded dobt, and whose net Indebtedness does not ex-teed ex-teed 18 per cent of their taxable property Tho comptroller of tho currency. Immediate!) niter tho paisoge or the bill, shall furnish a copy of tho new law to each bank In tho country and Inquire If It will nccept tho .provisions Consent shall bo binding nnd the llablllllc attaching to consent may be enforced by tho comptroller Agreement Agree-ment to accept the provisions shall cntltlo state banks nnd trust com panle to the benoflls of the new law. Tlm clastic currency featuro or tlm bill Is contslned In a section which provides that those Interconvertible bonds may be deposited "In tho near ost sub-treasury," and tho depositing bank shall receive In lieu thereot United 8tates emergency treasury potes subject to taxation, redeemable ot any time, and legal tender Kor the creation of a fund of US,-000,000 US,-000,000 for the payment of depositors of failed banks, operating under the provisions of this law. thero Is au thorlted tho Imposition of n tax of one sixteenth or 1 per cent on t.io do posits or bank so operating, and rhoso consent to bo so taxed lie been obtained Tho final section of Ihe bill pro vldos thnt no bank ntrtcer shall make r loan for the purpone or stock gum 'ding |