Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1903-08-13
Senate Subcommittee
On Finance is Per-
picked.
M UST HAVE MORE
Goes to See President
and Elasticity is the
DeSideraturn.

Oyster Bay, Aug. 13.-President
Roosevelt's conference with members
of the subcommittee of the senate
finance committee was not concluded
till the small hours this morning.
The whole subject of financial legis-
lation at the approaching session of
congress was discussed thoroughly,
but no definite conclusions as to the
shape of the proposed legislation
were reached. One fact of distinct
Importance developed. While the eX-
traordinary session of congress next
fall is assured, it has not been deter
mined definitely whether it will be
called to meet i'm October or Novem-
ber.
Oyster Bay. Aug. 13. - President
Roosevelt had as his guests ut Saga
more Hill the members of the sub-com-
mittee of the senate committee on
finance which is engaged in drafting
Il currency measure to be submitted to
congress next fall. The Subcommittee
consists of Senators Aldrich, Platt of
Connecticut, Allison and Spooner. Prior
to the adjournment OF congress last
spring this subcommittee was appoint
ed and authorized to sit during the re-
cess to study the financial situation
and prepare a measure to meet the re-
Quirements of the situation. as the COM
mittee viewed it, for introduction when
the senate should reconvene.
Went to Consult the President.
On this work the colnmittce-some-
times as individuals, part of the time
aS Il body-has been engaged during
the latter part of the summer. For
day or two the members have been
the guests of Senator Aldrich at his
Warwick residence near Providence.
They are preparing now to put into
concrete form the results of their in
vestigation and labor Desiring TO con-
suit with President Roosevelt regard
ing the work. the subcommittee came
to Oyster Bay. The distinguished par
ty dined with the president and Mrs.
Roosevelt.
Committee Wants to Meet His View.
The object of the committee was to
ascertain the views of President ROOse-
Welt with definiteness In order. if pos
sible, TO met them in the framing of
the measure. 1t Is understood to be
tie desire of all, including the presi-
dent, that the bill should be ready for
introduction at the extraordinary ses-
sion which thepresident hasannounced
he will call for Monday, Nov. o. Prior
to that time the subcommittee will
submit its draft of the proposed meas
ure to the full Republican membership
of the senate committee on finance,
and probably to such other Republican
senator's as may be accessible.
Also Wants Republican Unity.
1t is hoped that measure may be
drawn that will meet the approval of
all Republican senators, so that when
it. is introduced il may have the ull-
divided party support. 1t can be said
that the president is not welded to any
particular plan of currency reform. so
called, but desires simply that prac-
ticable scheme be evolved and put into
the form of legislation ut an early date
that will render the currency system
of the country the more elastic and the
less likely to be affected by the fiuctua-
tionS of values or the demands for
money at crop-moving seasons.
No Information for the Public Yet.
In a general way his ideas have been
presented in some of his speeches dur
ing recent months. Along the lines
indicated the conference proceeded. 1t
is said to be unlikely that any definite
information concerning the work Of the
subcommittee already accomplished
will be given to the public at this
time.