UNITED STATES CONGRESS

Taranaki Daily News, Volume XLVII, Issue 81899, 8 December 1906, Page 2

UNITED STATES CONGRESS

CURRENCY REFORM. , REPORT OF SECRET ART TO TREASURY. f STRONGER BULLION RESERVES NEEDED. , j Received 7th, 0.31 p.m. New York, Decebmer 7. Reporting to Congress relative to currency reform, Mr Shaw, United States Secretary to the Treasury, suggests two possible plans: first, a graduated reserve determined by Statute, and, secondly, to empower the Secretary to the Treasury to require all banks to slightly but gradually increase their reserves, and hold ths same within their own vaults, with corresponding authorities to the Secretary to release the same as in Ms judgment would best serve the business interests of the-country. He considered the second plan the best, as the objection to the first was that conditions varied with the. different sea,sons in the West. DISBANDMENT OF NEGRO BATTALION. " ji PRESIDENT CALLED ON TO j EXPLAIN. ;j Received 7th, 8.45 p.m. New York, December 7. The Senate has asked President, Roosevelt to fully explain his for disbanding the battalion of negro troops recently. [The President dismissed an entirflj negro battalion for declining to divulge the nameß of comrades charged with rioting and shooting into houses at Brownsville, Texas, and killing a citizen.] THE NAVY. MORE BATTLESHIPS AKKKn FO& Received 7th, 9.00 p,m, " New York, December 7. Mr Bonaparte, Secretary for the Navy, recommends Congress to authorise two battleships of the largest size, instead of one, also two 10,000' toa battleships instoad of only one,