Gun conference makes rapid progress with bank bill
The report notes rapid progress at the gun conference on a bank bill and suggests the president’s signature will likely be appended before Tuesday night.
22 Dec 1913
Page 1
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Newspaper
Albuquerque Morning Journal
Location
Albuquerque, New Mexico, United States of America
Date
Dec 22, 1913
Page
1
The report notes rapid progress at the gun conference on a bank bill and suggests the president’s signature will likely be appended before Tuesday night.
The house follows its habit of yielding on amendments as senators near agreement. Remaining unsettled points are minor in importance with consensus forming on most changes.
Washington officials report a joint conference settled most of the currency reform plan by striking the Senate insurance fund deposits provision and setting new terms for government bonds. Regional banks will issue currency on half their bonds and retire the rest with twenty year securities. The central reserve city banks must hold 18 percent reserves and country banks 1 1/2 percent. The dispute over the federal reserve board's makeup remains unresolved.
The conference panel debated capital reserves and governance for a new federal reserve system. Key points include regional bank stock limits for directors, with officials and treasury positions influencing board composition and eligibility rules. A 33 to 46 percent gold reserve split and a 1 percent depreciation tax were on the table as compromises emerged late at night.
A full day conference of the joint congressional currency committee narrowed the remaining gaps between the house and senate. Key decisions set regional bank capital at 4 million dollars and allowed eight to twelve regional banks, with member banks required to subscribe 6 percent of regional bank stock. The plan aims for a presidential signature early next week and a January 12 recess.
In Blairsville Pennsylvania an attack on Rev Dr R F McClure pastor of the United Presbyterian church and Indiana County Anti Saloon League leader failed when a bullet pierced his Bible but only lightly wounded him. Authorities seek two men including the shooter who dropped a hat as they fled. McClure has led the church there for twenty two years and is known for anti saloon crusades.
A Michigan federation of labor plans a statewide convention in Lansing within 30 days to discuss ways to settle the copper miners strike. Five or six board members met Western Federation of Miners officials in Houghton to rally all unions to send representatives. No concrete plan yet to unite the contending factions.
In a Gulf Coast town near Tampico a second attack on a US town sparks a diplomatic clash. Criticism of the Monroe Doctrine by a former minister to the United States prompts President Roosevelt and President Wilson to crowd into action amid rising tensions. No visitors will be received at Pass Christian and no government business will be transacted.
Washington reports say former President Roosevelt and Dr. Maria Martinez clashed in Santiago over the Monroe doctrine with Martinez calling it a dead issue while Roosevelt argued it remains vital. Chilean officials review texts before delivery and a small Central American student demonstration shouted Viva Colombia outside the University of Santiago.
President Wilson plans to assemble a capable Central Board for the new currency policy. He is reviewing an ever-growing list of candidates including Jose J. Hill, former head of the Great Northern, with decisions delayed until his Pass Christian vacation ends. He will avoid visitors and manage correspondence, awaiting progress on Mexico and reinforcements as the holiday period continues.
Washington reports a sharp rise in enlistment interest with 5 000 men applying to army recruiting offices last month an increase of 2 000 over prior peaceful periods. Cannibals Massacre German Scientists in Neumecklenburg island in the Bismarck archipelago killing Dr Dennigar and another scientist along with 100 natives. A winter storm sweeps Kansas Missouri Oklahoma and Texas panhandle bringing colder temperatures.
A youth suspected of pickpocketing was crushed to death after leaping from a subway car in Brooklyn as a crowd pursued him. Police identified the victim through fingerprints at headquarters as Balomet Furst, 16, who had recently served a short term in the city reformatory for a petty crime.
Mexico City December 21. Huerta faces deadlock with bankers over where to deposit a currency guarantee while Tampico battles rebels then lines up forts near Zacatecas. War office reports two Fed attacks victorious and rebels active along Saltillo to Torreon rail corridor.
Fifty five Copperfield residents in Baker county appeal to Governor West alleging saloons control city government and endanger families. They accuse Mayor H. A Stewart and three councilmen of running a saloon tied enterprise and distributing liquor. Governor says relief will be decided by tomorrow. Pilgrim landing anniversary observed at Old North church Salem. Reverend Hodges links Pilgrim spirit to American protest against monopoly.
General Salvador Mercado, former commander of federal troops in the north, was deposed today and reportedly escaped in disguise to the U S side. His evacuation left Chihuahua City open to General Villa's rebel troops, with General Francisco Castro named successor and headquarters activity rising at the border amid possible large-scale federal movement.
Washington dispatches from Rear Admiral Fletcher led the navy to order the gunboat Wheeling from Vera Cruz to Tampico and the cruiser Suffolk to proceed to Tampico, as fighting between federal and rebel forces resumed.
An open letter from Panamanian detractors demands expansion of the republic and dismissal of all Colombians in government posts. It also calls for the police corps to be composed exclusively of Panamanians.
The Weather Bureau bulletin predicts unsettled weather across the United States with frequent rains on the Pacific coast. A southwest disturbance will move northeast bringing snow and rain, reaching the central valleys by Tuesday, then the Midwest by Thursday or Friday, followed by much colder air but no severe cold wave expected this week.
Ereline France December 21 Former premier Aristide Briand launched a broad attack on the radicals now in power accusing them of splitting the country and failing to unite for republican ideals. He blamed Finance Minister Cailx for sacrificing foreign policy to political ends citing the Agadir incident, the Balkan crisis and Europe’s heavy military burden.
Milwaukee December 21 Wisconsin’s eugenic marriage law set to take effect January 3 faced a setback as attorney Horace Walmsley argued a marriage ceremony is unnecessary and thus the law cannot be enforced. He cites a 1898 supreme court decision permitting a legal contract of marriage without license examination or clergy, suggesting a simple written agreement could suffice to outline husband and wife status. The ruling adds confusion for proponents of eugenic measures and unsettles the legal framework.
James Hackett pursued for four months on embezzlement charges totaling 14008 from a Baltimore hardware dealer arrives in New York in custody. Detectives lost him at sea before hidden in a refrigerator, then captured at Montevideo after disembarking from the Verdi.
In Tokio on December 21 reports state an arsenal is manufacturing arms ordered by the Mexican government. Officials say the work is a business matter and not a sign of hostility toward the United States.
General Francisco Villa orders execution for looting foreigners and Mexicans and seals confiscated stores. He notes deserters swelling rebel ranks and offers amnesty to federal soldiers who surrender. Large ammunition caches are found near Chihuahua and communications expand toward Sonora and Sinaloa. Raoul Madero to advise Villa on civil government.
Luis Terrazas Jr. remains a prisoner of General Villa at Chihuahua amid ongoing negotiations for a $250,000 release. The Terrazas family wealth and Creek lands were confiscated, with Sr Terrazas aiding federal forces at the border. Villa seeks return of cash and securities as part of rebel demands.
In Mermosillo Mexico officers and many sergeants and corporals of the Tenth battalion were executed at sunrise after disarmament by General Ojeda who uncovered a desertion plot to join insurgents. General Ooregen aided in locating scattered federal deserters while insurgent sentries reported a missing conference boat multiple troops remain in Guaymas.
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