Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1903-08-19

Is Assured and Probabilities Are
That 1t Will BE Called in October
Legislation for Cuba the Primary
Purpose.
Oyster Bay, N. Y, Aug. 14.-President
Roosevelt's conference with the men,
bers of the subcommittee of the SEN
ate finance committee was not conclud-
ed until the small hours of Thursday
morning. The whole subject of finan-
cial legislation at the approaching ses-
sion of congress was discussed thor
oughly.
The committee, consisting of Sena-
tors Aldrich, chairman; Plat Conn.,;
Allison and Spooner, did not present
even tentative draft of a currency
bill to the president, although some
propositions which, subsequently, may
be embodied in the measure, were re-
duced to concrete form. No definite
conclusions as to the shape of the pro-
posed legislation were reached. The
conference related rather to methods
of procedure in the work at hand than
to the form of the legislation. At 1870
o'clock in the morning the members of
the committee left Sycamore Hill,
boarded their yacht, the Vergena, and
sailed for Providence on their return
to Senator Aldrich's home.
One fact of distinct importance was
developed at the conference. While an
extraordinary session of congress next
fall is assured it has not been determined
definitely whether it will be called to
meet in October or in November 1t
has been supposed that the extraordi-
nary session would convene on Monday,
November 9, but the Indications now
are that it will be called for an earlier
date, perhaps several weeks earlier.
Purpose of Extra Session.
The primary purpose of the ex-
traordinary session will be to enact leg
islation making operative the Cuban
reciprocity treaty, but financial legisla-
ton also will be pressed upon the at
tention of congress soon after it con-
venes.
1t can be said that the senate finance
committee will draft no measure for
mally and conclusively until consulta-
tions have been held with other men,
bers of the senate-democrats as we'll
as republicans-with members of the
house and with the best authorities on
finance in the country. 1t is the desire
of the committee to be constantly in
touch with the president, with other
senators, with members of the house,
with bankers of the west as we'll as those
of the east, and with country bankers
as we'll as city bankers, so that some
plan of legislation may be formed by
the opening of the extraordinary ses-
sion of congress.
1t is the hope of the committee to de-
wise a genuinely elastic currency system
"a system that will expand when the
necessity shall arise and contract when
the necessity shall have ceased to exist.
Statement of Senator Aldrich.
Senator Aldrich, when asked by a re-
porter with reference to the visit of the
senators to the president said:
1.-The republican members of the sub
committee of the senate finance commit
tee, who recently met for an informal
conference at Warwick, R. l., talked
with the president about financial con-
ditions and the need of legislative
changes. No bill has been drafted or
agreed on and none will be until after
the fullest consultation with our DEM
ocratic associates of the subcommittee
and all the members of the finance COM
mittee. 1t is, however, our purpose to
have a bill in readiness for presenta-
ton to the senate at the beginning of
the extra session, If one shall be called
IN october or November. We are hope
ful that bill can be agreed upon and re-
ported that will receive the approval of
both houses of congress and afford
prompt and efficient relief to the bust
ness interests of the whole country"