Show NEW FINANCIAL I 1 BILL TO BE DRAWN I 1 washington may 7 at 11 last night the republican caucus house committed itself to the princa principle of coni commercial mercial paper paper as an asset whiple to issue additional circulation in time of emergency this Is in accordance with the vreeland ecland Vr bill but by a se separate larate action the resolution wag so amended as to eliminate mr vreelandt Vre elanda elands name from the bill by still another vote the caucus decided to recommend the the e appointment of a commission commissi oh to cois consider lder the currency question and report a bill at the neit session of congress coupled with this provision was wag another providing ding forthe for atho immediate appointment of a committee of five members to draft a nw now bill in accordance with the action of the caucus and along the general lines liner of the second vreeland bill in accordance with this action the chair appointed as such committee vreeland N J burton 0 0 weeks mass mckinney and Knowland cal under the terms of the resolution the committee win will be expected to report repart a perfected bill to an adjourned conference to be hold held next monday evening |