The Bankers Plan for Monetary Reform
A currency bill in the Senate by Senator Hopkins and in the House by Rep. James McKinney, backed by the American Bankers Association and the Illinois Bankers Association, proposes elastic notes backed by a Treasury guarantee fund and bank assets. It would create a prior lien on bank assets, tax currency, and allow automatic expansion or contraction. supporters say it could have shielded the nation in the crisis, while critics like Mr. Fowler oppose a central bank and warn of cost to the public.
MENTIONED IN THIS ARTICLE
Washington
Senate
Hopkins
House
James McKinney
Ilinois
Currency Commission
American Bankers’ Association
McKinney
United States
Fowler Champions Credit Currency Plan in House Speech
Representative Charles N. Fowler of New Jersey spoke three hours in defense of the Fowler bill for a credit currency system. He praised J Pierpont Morgan as a banker statesman and faced questions from Hitchcock Burton Cochran Fornes and James. He argued the present system harms trade, urged government deposits by check and draft, and warned against the Aldrich bill and war-time fiat notes.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Weehington
Charles N. Fowler
New Jersey
Fowler
J. Pierpont Morgan
Hitchcock
Nebraska
Burton
Ohio
Cannon
Aldrich
Mr. Fowler
United States
Mr Fowler
Grover Cleveland
Seb-Treasury
Bec Steed
Gibraltar
Finance in Senate Pushes Greenback Policy and Aldrich Bill
Washington dispatch reports Senator Bailey of Texas backs a one billion greenback platform or votes for the Aldrich bill if unmet. Senator Stone and Democrats seek unity behind greenback aims while Aldrich bill nears completion. Secretary Cortelyou’s report to Treasury delays push until Wednesday as Aldrich expects swift Senate passage and possible Republican caucus in the House.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Bailey
Texas
Committee On Finance
Stone
Cortelyou
Treasury Department
Senate
Root
Aldrich
Cannon
House
Committee On Ways and Means
Committee On Banking and Currency
Slavery Debate Sways Philippine Policy In Senate
In Washington on January 27 the Senate debated retaining penalties for the slave trade in the Penal Code noting alleged slavery in the Philippines. Senators discussed forms of slavery beyond chattel slavery and questioned government reports on conditions there.
MENTIONED IN THIS ARTICLE
Washington
Senate
Philippines
Hale
Philippine
Idaho
Stone
John C. Bates
Sulu
Mr. Tillman
Tillman
Philippine Islands
Taft
United States
Secretary of War
Heyburn
Sutherland
Pacific Coast
Lodge
Bolo
Moro
General Bates
McKinley
Philippine Commission
Railroad Men Seek Changes in Law at White House Meeting
Washington January 27 President met with nine major railroad executives to urge delaying enforcement of key Interstate Commerce provisions until the Supreme Court rules. The talks touched on the commodity clause and telegraphers hours with a later meeting planned.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Supreme Court
White House
Interstate Commerce Commission
Knapp
Cockrell
Prouty
C. R. Gray
St. Louis
San Francisco
I. G. Rawn
Illinois Central
H. A. Mudge
Rock Island
D. Willard
Burlington
W. A. Garrett
Seaboard Air Line
C. E. Schaff
New York Central
W. A. Gardner
Chicago & Northwestern
C. H. Ackert
The
Southern
E. G. Buckland
Interstate Commerce Commissioners
Attorney General
United States
Congress
Supreme Court to Review Rail Rebate Cases
The Supreme Court granted certiorari petitions from Chicago, Burlington & Quincy and Chicago & Alton railroads in rebating charges. The action brings the cases to the court for review.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court of the United States
Chicago, Burlington & Quincy
Chicago & Alton Railroad
Taft Seeks Philippine Floor Privileges at Capitol Visit
Secretary Taft spent time at the Capitol seeking floor privileges for Philippine delegates and meeting lawmakers. He urged favorable action on the Alaska Yukon Exposition in Seattle and commented on Sino American relations and Pacific trade potential.
MENTIONED IN THIS ARTICLE
Tribune Bureau
Washington
Taft
Capitol
Bryan
House
Philippines
Senate
Japan
United States
Seattle
Pacific
Support for Nathan Straus on Milk and Public Health
Washington report says a year long government study led by Surgeon General Wyman supports Nathan Straus of New York. The findings vindicate his claim that pasteurizing milk for infants reduces tuberculosis and other illnesses carried in raw milk, aligning with Straus's sixteen year advocacy.
MENTIONED IN THIS ARTICLE
Washington, Jan
Wyman
Public Health Service
Roosevelt
Nathan Straus
New York
Reciprocity pact signing delayed by language issues
Washington January 27 reports a delay in finalizing the Franco American reciprocity agreement due to trouble reconciling English and French versions. Secretary Root and Ambassador Jusserand will affix signatures tomorrow.
MENTIONED IN THIS ARTICLE
Washington
Root
Jusserand
Blue Laws Assailed: Sutro Seeks Albany Inquiry
Delegates of the German American Alliance led by Theodore Sutro urge Governor Hughes to set up a legislative committee to study Sunday observeance and blue laws. The governor says he will consider arguments with care, emphasizing open discussion and no fixed stance.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Theodore Sutro
New York City
Hughes
M. Sutro
Work of Legislature in Albany Probes Banking and Public Utilities
Albany reports bills calling for a state banking department investigation and reform of banking laws as Assemblyman Palmer accuses bureaucrats of 1906 failures. Other measures seek water supply study for New York City, franchise inquiries, tighter control of East Side dance halls, and Sunday concerts legalization with exceptions. Senator McCarren advances Penal Code tweaks to permit certain performances on Sundays. Metall proposes city property acquisition along East River near 90th Street.
MENTIONED IN THIS ARTICLE
Tribune
Albany
State Banking Department
Assemblyman Palmer
Assemblyman
Wainwright
Assembly
Hughes
Sheridan
New York
New York City
Board of Water Supply
Assemblyman Stern
Public Service Commission
Commission
Graubhard
Christy Sullivan
Alllance
Senator McCarren
Brooklyn
Oscar Hammerstein
Heinrich Conried
Walter Damrosch
McCarren
Metall
90Th
91St Streets
First Avenue
East River
City of
Legislative notes on education, transport, and urban market plans
In 1905 debates, McCall urged turning over funds to build a high school for East Side districts lacking one, while Raines blocked final passage. A bill would raise automobile speed to twelve mph. Gilchrist proposed shifting Socialist primaries to the Republican party. Saxe favored city tax lien investments for banks. Sergent pushed NYC to acquire a Brooklyn quadrangle to build a market under borough jurisdiction.
MENTIONED IN THIS ARTICLE
Education Department
McCall
East Side
Senate
Raines
Gilchrist
Republican Party
Saxe
New York
Assemblyman
Sergent
New York City
Brooklyn
Williams, Rockaway and
New Lots Avenues
Fulton Street
Board of Estimate
Anti gambling drive endorsed by church federation leaders
A mass meeting at the United Charities Building endorsed Governor Hughes and a joint oil bill by Senator Agnew and Assemblyman Hart against racetrack gambling. Speakers attacked gambling as a moral menace and criticized newspapers and legislators for supporting the practice.
MENTIONED IN THIS ARTICLE
Hughes
Agnew
Hart
Federation of Churches
Assembly
United Charities
William Sheafe Chase
Michael J. Flaherty
Kings County
Henry F. Cochrane
Ministers for the Governor Endorse Hughes
Metropolitan District clergy unanimously back Governor Hughes and his anti racetrack policy at meetings of Presbyterian and Baptist ministers. Dr Wilbur F Crafts denounces gambling and urges reform while praising Roosevelt and Hughes.
MENTIONED IN THIS ARTICLE
Hughes
Fifth Avenue
Robert McCready
J. BP. Long Arfa
J. A. Billingsley
Sanders’ Hall
Madison Avenue
Mth Street
Wilbur F. Crafts
International Reform Bureau
Washington
New York
Grace Church
Roosevelt
Charles E Hughes
Barage Canal Push Met by Buffalo Niagra Falls Delegation
A Buffalo Niagara Falls and Tonawanda group urged Governor Hughes for full barge canal work. The delegation met State Public Works head Stevens who said progress would not be cut and urged federal aid while plans are finalized within a year. In separate news, Rosie Kline dies from Rhodes Opera House fire injuries as inquest set.
MENTIONED IN THIS ARTICLE
Albany
Buffalo
Niagara Falls
Tonawanda
Hughes
Millard F. Bowen
Manufacturers’ Club
H. E. Rogers
The
Produce Exchange
Yeager
Lumber Exchange
H. T. Burns
Corn Exchange
A. J. Elias
R. V. Hill
C. F. Watkins
Live Stock Association
J. H. Traverse
W. G. Palmer
North Tonawanda Board of Trade
Stevens
State Department of Public Works
New Ballot Reform Bill Introduced For Massachusetts Style Change
Assemblyman Warren ZL Lee of Brooklyn introduced a bill to adopt a Massachusetts like ballot in New York. It requires candidate names alphabetically under office, with party emblems before voting spaces, and groupings for presidential electors. The measure also calls for clearer reading forms at polling places and a simplified tally sheet along with stronger inspector accountability. Senators Raines and Speaker Wadsworth oppose changing the ballot.
MENTIONED IN THIS ARTICLE
Tribune
Albany
Warren ZL Lee
Brooklyn
Massachusetts
Hughes
Lee
Assemblyman
Prentice
Senate
Raines
Wadsworth
Albany Attorney General construes life insurance spend limits
In a formal opinion the Attorney General rules the new insurance code bases procurement costs on the value of each policy rather than annual aggregate gains. He notes non participating firms may face higher rates or exit the state and suggests legislative amendment rather than department construction.
MENTIONED IN THIS ARTICLE
Albany
Jan
Insurance Department
Jackson
Indian appropriation bill reports with eight million five hundred times
The Indian appropriation bill was reported to the House by Sherman of New York. It carries an appropriation of 8 215 497 dollars and marks a policy to end non reservation schools. Professor Laughlin backs the currency plan noting safe note issues inflation control and elastic currency for business needs.
MENTIONED IN THIS ARTICLE
Washington
House
Sherman
New York
Committee On Indian Affairs
Commissioner of Indian Affairs
Union threat targets Sunday opening of city butcher shops
Official notice from D. Call, secretary treasurer of the 4 Meat Cutters and Butcher Workmen, to T. D. Fitzgerald, legislative agent of the state federation in Albany, states the union will wage a fight against Graubard Assembly Bill legalizing Sunday openings of local butcher shops.
MENTIONED IN THIS ARTICLE
D. Call
T. D. Fitzgerald
Ingmen’s State Federation
Albany
Graubard Assembly Dil
Mosher
Also Mentioned on This Page
Bank and Trust Company
Finance
Aldrich Bill
Wetmore
George P. Wetmore
Rhode Island
University of the United States
Woman's Suffrage
President and
Banking Department
Indorses Hughes
Jockey Club
Belmont
Union
Caliifornia
Louisiana
Walter Laidlaw
Boy Boyertown
Boyertown
Penn
Rhodes Opera House
Rosie Kline
Ice Mountain
Missouri Pacific
EK Hoyt
Mies
Life Companies
Laughlin
Chicago
J. Laurence Laughlin
Department of Economics
University of Chicago
Indianapolis Commission
Bill
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