Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1903-08-19
OYSTER BAY CONFERENCE.
President Talke Over Financial Leo.
islation With Senate Committee,

OySleT nay, N. l., aug. l5-.PrpSi-
dent Roosevelts conference with
members of the subcommittee of the
senate finance committee was not con-
cluded until teh small hours of this
morning. The whole subject of finan-
clal legislation at the approaching ses-
sion OF congress was discussed thor.
oughly. The committee, consisting of
Senators Adrich, chairman: Platt
(Conn.), Allison and Spooner, did not
present even tentative draft of a
currency bill to the president, al
though some propositions which sub.
sequently may be embodied in the
measure were reduced to concrete
form. No definite conclusions as TO
shape of the proposed legislation were
reached. The conference related
rather to methods of procedure in the
work at hand than to the form of the
legislation
Serious consideration was also Civ.
en- to legislation to be proposed to
congress in approval OF the Cuban re-.
ciprocity treaty ratified by the senate
last spring.
At 1880 o'clock this morning, the
members of the committee left Sag
amore Hill. boarded their yacht, the
Virgin, and sailed for Providence, on
their return to Senator Aldrich's
home.
One fact of distinct importance was
developed ut the conference. While
an extraordinary session of congress
next fall Is assured. II has not been
determined definitely whether il will
be called to meet in October or in No
vember. 1t has been supposed that
the extraordinary session would con-
vene on Monday, November 3, but the
indications now are that It will be
called for an earlier date. perhaps sew
eral weeks earlier.
The primary purpose of the extra
ordinary session will be to enact leg
islation making operative the Cuban
reciprocity treaty. but financial legis-
lation also will be pressed upon the
attention OF congress soon after II
convenes.
Three of the senators. Platt. Aid.
rich and Spooner who were present
at last nights conference, are MEM
bers of the senate committee on re-
lations with Cuba. All OF them. par
ticularly Mr.. Plat. who has made a
profound study of the situation in Gu
ba, regard the necessity for enact
ment of the Cuban treaty legislation
very urgent. President Roosevelt en-
tertains the same views. IL is under
stood that the suggestion of an extra
ordinary session of congress at date
earlier than November 8 was made
by these senators. because of the ur-
gency of the Cuban legislation. II
was pointed out, too that II congress
were convened at an early date the
entire work of the extraordinary and
regular session could ne cleared up
by the time the national congress is
to be held next year. On many ac-
counts that is regarded as desirable,
as 1t would be a great convenience.
not only to the president, but also 10
the members of both the senate and
house.
Il is the desire of the committee to
be constantly in touch with the presi-
dent. with other senators, with mem.
bers of the house, with bankers Of the
west as well as those of the east and
with country bankers as we'll as city
bankers, so that some plan of legis-
lation may be formed by the opening
of the extraordinary session of con-
gress. II Is the hope Of the commit !
tee to devise a genuinely elastic cur
rency system, a system that will ex-
pand when necessity shall arise and
contract when necessity shall have
ceased to exist. Senator Aldrich, |
when asked by an Associated Press |
reporter with reference to the visit |
Of the senators. to the president, said: |
THE Republican members of the
subcommittee OF the senate finance
who recently met for in
formal conference at Warwick, r. L.,
.alked with the president about finan.
,ial conditions and the need OF legis-
ative changes. No bill has been
irafted or agreed on, and none will
De until after the fullest consultation
with our Democratic associates Of the
and members OF the |
inance committee. We are hopeful
hat bill can be agreed upon and re-
ported that will receive the approval
,f both houses Of congress and AFFORD |
prompt and efficient relief to the bus
no,c intarests of the whole country " /