Show DEMOCRATS TINKERING I WITH CURRENCY BIll House Committee Changes Ad Administration Administration Administration Ad- Ad ministration Measure in Several Respects Washington July 17 An An am amendment to the Owen Glass en currency bill to prohibit prohibit prohibit pro pro- hibit Int Interlocking directorates In bankIng bankIns banking bank- bank Ing Ins Institutions was wu proposed d at the conference of Democrats of ot the th House committee toda today The plan offered d by Representatives Wingo of ot Arkansas went over o to the next meeting after brief discussion In the committee Early In the day the cont conference h had d defeated eight to three another proposal proposal proposal pro pro- by Representative e that bank stock be bo deposited In th the new ne re regional regional re- re gional reserve bank under a competitive Live tive system tho the banks bank offering the highest rate rale to bo be accepted The rho committee struck out the section to permit Individual banks In time tim of stress to get direct discounts from rom the regional reserve banks upon securities recognized as 4 stock exchange e collat collat- eral oral and end also alO eliminated a provision exempting notes or bills issued on government government 1 0 gov gov- state tate county or municipal bonds bond from the proposed prohibition against by tho the federal re- re servo sena bank banks of or notes or bills b luu Issued d for tho purpose of ot carrying on trading In stock bonds or other securities Tho conference extended the th maturIty matur matur- ity period of paper under the law from thirty five to tort forty days day Sections Sc of at the bill relating to th the regular examinations of banks and to penalties for tor examiners who accept gratuities or loans from bank banks were ro ap ap- ap proved In tho the case of ot the penalties for tor examiners or for lor officers of banks trig ing loans lonn or gratuities to examiners examiner tho the maximum penalty W was raised from noo to and the tho maximum of Im Imprisonment imprisonment im- im from three years to five fire years I |