The age-herald., 1898-11-25
TO REFORM THE CURRENCY
The President is Being Urged to Press
 Such a Measure.
SOME LEGISLATOR NECESSARY
For the Army and Few New Naval Laws May Also be Passed-The President Opposed to an
 Extra Session.

Washington. November 24.-(Special)- Republican leaders are still very much at variance in their opinions as to the advisa- bility of pressing party measures, or inn portant questions at all, in the coming ses- sion. The business interests of the country are likewise divided on the matter. on &C., count of their interests in a reform cur rency bill, which they hope to see put through at the earliest date possible.
 The president does not want an extra session, and says so. The coming session is known as the short session. It ends on March the 4th, and therefore is in session less than three months in all, on account or the Christmas holidays. As stated before, the appropriation bill will consume most of the time. As rule, there is difficulty in finding time to pass all the appropria- tion bills in the short session. Senator Morgan has given notice to the country that he intends to call up the Nicaraguan bill as soon as congress reconvenes Some legislation will be absolutely necessary for the army, if not for the navy.
 An Extra Session
 To some an extra session seems inevit- able, yet the president and some Of the house leaders see nothing else of such im-
 
 following December. The advocates of the gold standard will press the McCleary bill at the coming session if it becomes settled that there will be no extra session.
 Great influence is being brought to bear on the president to favor an extra session and to commit himself to calling one They point out the fact that the Nicaragua canal bill will become, in the nature of things, o,,1 hot ito fate will be doubtful if considered at this session. This is rather far-fetched reason- ing, considering that nearly all the southern senators are in favor of the canal, while opposed to expansion of territory.
 But the republicans want to make 1t party measure and to get the credit for 1t in history. But the chief promoters of the extra session idea are the sound money clubs and organizations throughout the country. The administration wants to avoid this contention at present at any rate, hoping things will right themselves. The gold men don't want to take any chances and are therefore urging currency legislation at the extra session. Both houses will be republican and likewise fa- vorable to the gold standard and general reform currency bill The sound money men of the west want bill which will fa- cilitate the credit system there.
 The Blu Can Wait
 The opponents of the extra session argue that a currency bill can wait; that the prosperity now apparent to them has tid- ed over the matter for the time being. This argument is promptly met by the as- sertion that this time is just what is need- ed to put through a currency reform bill. This breathing spell of prosperity, they say, may pass before December next and that it will then be difficult to get any financial legislation through congress at all. The safest way to assure currency re- form is to take advantage of the present mood of the people and enact a law, they insist.
 John J. Rooney, of New York, secretary of the Democratic Honest Money League. Is here for the purpose of urging this view on the president. He says that the facil- ity of granting credit is vastly more inn portant than change in the volume of metallic money. If a banking system is adopted he says, which adapts the cur rency to the fluctuations in business, credit can be extended in the south and west much more efficiently and at much lower cost than under the present banking laws
 But as said before, the president wants to avoid an extra session, and whether he will be able to do so depends largely upon the result of the peace commission.
 FORT PAYNE ROLLING MILLS.