Newspaper Page Text
nahnie, saloonkeeper and ex-alderman,
out on bond, charged with
operating hand-books on races.
New York. "Stop chewing gum,
quit fighting John Barleycorn and
use money to buil4 battleships," ad
vice of Hudson Maxim, at "peace
New York. No shortest day in
year, says N. Y. weather man, Dec.
21st, 22d and 23d, same length.
Lorette, Manitoba. - Canadian
northern train from Duluth and Port
William derailed. Five coaches, bag
gage and dining car overturned into
ditch. Passengers escaped with slight
AGREE ON CHANGES IN THE
Washington, Dec. 22. The con
ference committee have come to an
agreement on the currency bill, and
it is expected that it will pass both
houses today and that Pres. Wilson
will affix his signature at once.
The following changes were agreed
In the make-up of the federal re
serve board, the controller of the
currency is to be ex-officio chairman
of the board, the other six members
to be appointed by the president.
The senate provision for an insur
ance fund to guarantee deposits in
national banks has been stricken
from the measure, also the senate
amendment which would allow the
use of the new federal reserve notes
as bank reserves.
The government two per cent
bonds will be retired running two
years after the new system is install
ed, at the rate of $25,000,000 a year,.
This amount will be taken over from
the present national banks by the
new regional banks in proportion to
their capital and surplus.
One one-half of their bonds the
regional banks will be allowed to is
sue currency similar to the present
bank notes. The remainder will be
retired by the substitution of 'twenty
year 3 per cent bonds or treasury
gold notes, with an agreement that
the regional banks will renew the
notes each year for thirty years.
The conference agreed to retain a
senate amendment by which no
member of Congress shall accept any
division of profit in the new system.
The compromise measure framed
by the committee is not expected to
arouse opposition in the house. In
the senate, a bitter fight may develop
on the committee's action in elimi
nating the upper house's provision
for a guarantee of bank deposits.
The members of federal reserve
board are prphlbited from becoming
officers of member banks for more
than two years .after retirement from
BITS OF NEWS
Socialists of 21st ward held
smoker Saturday night. Had raffle.
Proceeds for fighting funds of So
cialists. Mrs. Lola Lunn, 319 Loomis st.,
fired two shots while talking with J.
A. Saac, 1709 Warren av. Wanted to
frighten him. Denies quarrel.
Adolph Coleman, police magistrate,
Morton Grove, 111., arrested. Open
muffler on auto. 19 arrested for
Wallace Smith, 27, stabbed in arm
by Wm. Stewart, 62, at Chicago
Christian Industrial League. Held for
Joseph H. Schaffer, 5127 N. Pau
lina, 9, killed by fall.
Howard Pahjke, 9, 4928 Winthrop
av., struck by Broadway car. Se
Unidentified man, 45, found dead in
hallway, 331 S. Halsted st. Deep
cut over eye.
Judge Mahoney freed 8 in "Sun
rise" court Disorderly conduct.
Joseph Jicalone, 655 S. Clark st.,
attacked by 2 men. Shouted. Fire- "
men from Engine Co. 21 came to res-"