Pike County press. (Milford, Pa.) 1895-1925, 1903-10-16
The WASHINGTON LETTER.

Politicians here believe there will
be no currency legislation until after
the presidential election Repre-
sentative Hill, of Connecticut, rank
ing member of the last house COM
mittee on banking and currency,
says that many republicans are dis
cussing a plan Of submitting the
question of financial legislation to a
joint committee which will investi.
gate the needs of currency reforms
and make recommendations to
congress. The committee will either
be named by congress or appointed
by the president from members Of
both houses. It is believed that
congress would pay little heed TO a
committee composed of outsiders.
While it is not certain that congress
would accept the recommendations
of the committee, its appointment
is regarded as a wise move for sew
oral reasons. It would give the
republican factions an opportunity
to argue their differences outside of
the house, it might find a measure
upon which they could all agree,
land it would postpone any legisla-
tion on this difficult subject until
after the presidential election. The
party could thus go before the coun-
try without showing any lack of
harmony. Secretary Shaw, Senator
Aldrich and Representative Fowler
all have different plans for currency
reform, Speaker Cannon is not GER
tain that any is needed, and the
National Bankers Association has
recently appointed a committee to
solve the problem. II is thought
that these different interests should
not be allowed to conflict in a ses-
sion preceding q presidential cam
paign. It is for the same reason
that even those republicans who
favor it, have decided to postpone
tariff revision. IL the meantime
Secretary Shaw is doing all he can
to relieve any money stringenoy.
Since September 1st he has placed
in circulation a total of $22, 274, 500
He has done this by increasing the
government deposits in the national
banks and by the refundiug and
redemption operations now in pro-
gress. It is hoped that tho secre-
tary can prevent a money stringency
and thus remove all danger to the
business world from the postpone
ment of currency legislation.
With the adjournment last week
of the Washington grand jury the
first stage of the postal investigation
was passed. There are now thirty
persons awaiting trial on charges of
defrauding the government through
the post offioe department.. Against
many of them there are several in
dictments Maohen must answer to
fourteen and Beavers to six. Among
those accused are a former post
master general and six others who
held important positions in the de-
partment, an ex-member of con-
gress and a state senator from New
York, Pennsylvania mayor and a
number of private citizens who
furnished supplies to the depart.
ment. Most of trials will take place
in Washington and will begin this
fall. They are expected to drag on
through next summer. Mr., Bris-
tow's report will soon be given to
the president and the Postmaster
General intimates that there will be
several changes and dismissals in
the department, made on the advice
Of those who have conducted the
investigations. This will end the
investigation as far as the depart
ment is concerned. 1t is regarded
as certain that the republicans will
call for a congressional investigation
and as postal affairs are sure to
enter politics the coming house com
mittee on post offices and post roads
will assume unusual Importance
1t is believed that Representative
Overstreet OF Indiana will be ap.
pointed to this important position
to which his experience as politician
and skill as a party leader seem tc
entitle him. He is secretary Of this
national republican congressional
committee. In this way the repub
lioans believe they will be able K
meet the expected assaults of the
democrats on tho post Office depart
ment
Continued on Fourth Page.)
Ran Ten Penny Nail Through His Hand
While opening a box, j. G. Mount