UNITED STATES.

Rangitikei Advocate and Manawatu Argus, Volume XXXIII, Issue 9124, 18 April 1908, Page 5

UNITED STATES.

Press Association—-Copyright. New York, April 17,

The American House, by 190 to 79, rejected an amendment of the Naval Appropriation Bill providing for the construction of four battleships instead of two.

Mr Sawney, Chairman of the Naval Committee, declared that the United States was spending in preparation for a possible war more than other nation in the world. Mr Fuwler has introduced in the American House a Bill providing for the appointment of a Commission to prepare a scientific financial currency system, which consists of 11 senators, 11 members of the House, and 31 citizens appointed iby Mr Roosevelt, who will report in January. The Jenkins Trust Company and the Brooklyn Borough Bank, which suspended during the crisis, have reopened.

BETTER FINANCIAL CONDITION Received April 18, 9.0 a.m. New York, April 17. The National City Bank of New York resumed gold exports by consigning a million dollars to Paris. The reserves of New York banks are far above the percentage required by law.